Comments on: "The global slump of 2008-09 has begun as poison spreads" http://www.nakedcapitalism.com/2008/05/global-slump-of-2008-09-has-begun-as.html Mon, 23 Nov 2009 05:40:52 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Richard Kline http://www.nakedcapitalism.com/2008/05/global-slump-of-2008-09-has-begun-as.html#comment-7984 Richard Kline Tue, 13 May 2008 14:10:00 +0000 http://www.nakedcapitalism.com/2008/05/the-global-slump-of-2008-09-has-begun-as-poison-spreads/#comment-7984 I don't know that I expect a global equities trough at 25% of peak, but there is no conclusion that walks other than that global equities must, and will, re-price well down from where they are. A 50% trough in the US from the October 08 peak wouldn't be out of line for a recessionary environment. There are just so many kinds of financial pain coming head on at us that the Victory in the Phoney War remarks of 'The worst is over' would be a laugher if one could forget the impending hit. <br/><br/>I couldn't tell you that half of the worries that E-P ticks off will happen: What is significant is how _long_ and various the list is, together with the scale of the impact of any one of the alone. I don’t know that I expect a global equities trough at 25% of peak, but there is no conclusion that walks other than that global equities must, and will, re-price well down from where they are. A 50% trough in the US from the October 08 peak wouldn’t be out of line for a recessionary environment. There are just so many kinds of financial pain coming head on at us that the Victory in the Phoney War remarks of ‘The worst is over’ would be a laugher if one could forget the impending hit.

I couldn’t tell you that half of the worries that E-P ticks off will happen: What is significant is how _long_ and various the list is, together with the scale of the impact of any one of the alone.

]]> By: Yves Smith http://www.nakedcapitalism.com/2008/05/global-slump-of-2008-09-has-begun-as.html#comment-7946 Yves Smith Mon, 12 May 2008 19:52:00 +0000 http://www.nakedcapitalism.com/2008/05/the-global-slump-of-2008-09-has-begun-as-poison-spreads/#comment-7946 Anon of 8:48,<br/><br/>Thanks. There appears to be a bug in spell check (I am a terrible typist and not great proofreader). I caught it, corrected it, and the correction didn't take, I repeated the operation just and it still didn't take (as in showed up on screen but did not go into post). Had to make change manually.<br/><br/>Will have to monitor that. Really embarrassing. Anon of 8:48,

Thanks. There appears to be a bug in spell check (I am a terrible typist and not great proofreader). I caught it, corrected it, and the correction didn’t take, I repeated the operation just and it still didn’t take (as in showed up on screen but did not go into post). Had to make change manually.

Will have to monitor that. Really embarrassing.

]]> By: Steven http://www.nakedcapitalism.com/2008/05/global-slump-of-2008-09-has-begun-as.html#comment-7931 Steven Mon, 12 May 2008 15:45:00 +0000 http://www.nakedcapitalism.com/2008/05/the-global-slump-of-2008-09-has-begun-as-poison-spreads/#comment-7931 You know I get tired of seeing Vallejo invoked as an example of anything - it's really been a basket case for some time that doesn't map well to, well, much else but it's own hideous mess.<br/><br/>That being said, definitely there's some pain in California (where I live), but it's also not distributed evenly. Though with our current state budget, we're all going to feel some pain. You know I get tired of seeing Vallejo invoked as an example of anything – it’s really been a basket case for some time that doesn’t map well to, well, much else but it’s own hideous mess.

That being said, definitely there’s some pain in California (where I live), but it’s also not distributed evenly. Though with our current state budget, we’re all going to feel some pain.

]]> By: Anonymous http://www.nakedcapitalism.com/2008/05/global-slump-of-2008-09-has-begun-as.html#comment-7923 Anonymous Mon, 12 May 2008 12:49:00 +0000 http://www.nakedcapitalism.com/2008/05/the-global-slump-of-2008-09-has-begun-as-poison-spreads/#comment-7923 Sorry, but I think you want "apocalyptic" Sorry, but I think you want “apocalyptic”

]]> By: a http://www.nakedcapitalism.com/2008/05/global-slump-of-2008-09-has-begun-as.html#comment-7911 a Mon, 12 May 2008 09:14:00 +0000 http://www.nakedcapitalism.com/2008/05/the-global-slump-of-2008-09-has-begun-as-poison-spreads/#comment-7911 "Britain, Europe, Japan, and China will go down before America comes back up." I agree with that! “Britain, Europe, Japan, and China will go down before America comes back up.” I agree with that!

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