tag:blogger.com,1999:blog-9026484337051027793.post4398480610913630503..comments2008-10-08T17:53:20.860-04:00Andyhttp://www.blogger.com/profile/14309605333128481208andy@savingtoinvest.comBlogger7125tag:blogger.com,1999:blog-9026484337051027793.post-3580257177365575802008-10-08T17:53:00.000-04:002008-10-08T17:53:00.000-04:00The banks will start lending again before long. "Debt is Money", and banks need to lend to have a purpose, and a profit. I bet we'll see 100% mortgages available on the UK high street within 5 years.uncommonadvicehttp://www.uncommonadvice.co.uknoreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-67088652226756825442008-10-07T14:24:00.000-04:002008-10-07T14:24:00.000-04:00Sam - Thanks for the kind words. I agree with you, the tsunami is too big and the best thing to do now is find some shelter and let the storm pass. <BR/><BR/>Anon - So am I. <BR/><BR/>Earthgarden - Thanks for alerting me to this. No idea who/where Edzwick came from, but if this was your comment, I liked it. Credit goes to you. <BR/><BR/>FZ - Thanks. I think the worst is still to come. I want to be optimistic, but it is hard in times like the present.Andyhttp://www.blogger.com/profile/14309605333128481208noreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-46410507931592309492008-10-06T23:50:00.000-04:002008-10-06T23:50:00.000-04:00Good post and in my opinion, right on the money.frugal zeitgeisthttp://www.blogger.com/profile/17804781758510341558noreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-62850818938892548842008-10-06T20:26:00.000-04:002008-10-06T20:26:00.000-04:00edwizk: you should quote your source. This is not your work!!!earthgardenhttp://www.blogger.com/profile/13820795624154404034noreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-81059813960455581932008-10-06T13:56:00.000-04:002008-10-06T13:56:00.000-04:00If you had purchased $1,000 of AIG stock one year ago, you would have $42 left.<BR/><BR/>With Lehman, you would have $6.60 left.<BR/><BR/>With Fannie or Freddie, you would have less than $5 left.<BR/><BR/>But if you had purchased $1,000 worth of beer one year ago, drank all of the beer, then turned in the cans for the aluminum recycling REFUND, you would have had $214.edzwicknoreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-77930992337218441982008-10-06T13:27:00.000-04:002008-10-06T13:27:00.000-04:00- We just spent 800 billion of the taxpayers money. <BR/>- Congress voted against the wishes of the voters<BR/>- Dow is down over 1000 points since tarp passed<BR/>- I'm freakin pissed off!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-5319838592790290232008-10-06T13:10:00.000-04:002008-10-06T13:10:00.000-04:00Good article. It does seem that problems are accelerating, not decelerating. The deleveraging of the global economy is underway and I don't think it can be stopped.Sam Casshttp://www.bestcashcow.com/sam_cassnoreply@blogger.com