please help me understand whats happening in the market and the world economy?
I live with my parents and my brother and his family. In comparison to many were very below the poverty line, but we manage. My family are of the Asian decent, 1st generation. What this tells you is that my parents take the bus to were they gots to go. If you tell them that FREDDY AND FANNIE are going under, they’ll probably reply (not in english) It’s the dam gangs around here. You need to bring flowers to show respect.
I sometimes laugh mostly walk away in..I just walk away. The reason for my little intro is to give an understanding of the level of coherence; a property of mental/cognitive state to which I understand what is going on in the market and world economy. I’m not looking for a debate but easy laymen words to help me understand the impact of this “CASH FLOW” crises.
Of my 1st generation understanding
What I’ve been lead to belief is that during the late 90’s there existed a housing bubble. Folks were buying up property all the way to the north pole. Well that’s what my brother said he’ll buy for his wife. The bubble has popped and the repercussion is what’s happening in the market as well as the world economy in terms of
institutions don’t want to loan anyone “money” not even to each other.
Folks that tasted the mortgage crunch couldn’t support the habit. Many and I say Many Many did I mention Many loans went south. South enough to cause Merrill Lynch (financial management and advisory) Hanged by noon tomorrow. Bearsterns starved to death.
citigroup is soon to be the village people. Wachovia hummm…..soon tobe Wa Cho’s. Freddie and Fannie went up the hill to fetch a pail of agua they both fell down with an Awee on their crown cause their uncle is wealthy.com