judge-dredd-or-superman

Judge Dredd or Superman?

The Fed/Treasury should stop flip-flopping between being the avenging Judge Dredd and the world-saving Superman. The world needs Superman.
The panic sweeping global markets has turned destructive and needs to be stopped. The proof is that solid institutions such as Morgan Stanley and Goldman Sachs are beginning to sway and creak in the current hurricane. This is common to financial crises. Tumbling asset prices suddenly make the liabilities of even good firms loom far larger, and when the imbalance is noticed by aggressive creditors, short selling and bankruptcy are not far behind.

HereÆs what one London banker says about the events ôYesterday Wednesday was stupid Goldman is okay, Morgan is okay, UBS is okay maybe a little damaged, etcetera, etcetera. I hope that when the dust settles they jail a lot of hedge...
¬ Haymarket Media Limited. All rights reserved.

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