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IDS World Markets Fri 27th February 09


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Yep. European banks were/are more leveraged than in the US. And they ain't got a Fed & Treasury that can play hide the banana together.

 

Europe is in big trouble.

 

Flight to safety of US securities?? :rolleyes:

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Roosevelt was inaugurated and immediately shut down the banking system. The market did rally after that.

 

However, cyclically this market is not consistent with February 1933. It IS consistent with February 1931.

 

 

I had a typo there, now corrected to read February 1931 not 1921.

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