Friday, September 19, 2008
Crisis
At first, people at the Fed and the Treasury tried to contain the crisis. They have focused on staving off catastrophe one bailout at a time. Now, a more comprehensive approach to solve the crisis may come out. The falling of investment banks and insurance giant showed that the financial system is vulnerable under attack. Something may be set up to manage and wind down trouble assets. If so, I guess the crisis may come to an end in the short term.
When I look back, few investment advises published had foresee the 2008 market movement correct. Some are deadly wrong. From the annual report of AIG 2007, obviously they knew the problem of CDS issued by AIGFP. They have also evaluated the impact on possible down grade. The attack come exactly along this way.
This week, I move back some of my investment to China market.
When I look back, few investment advises published had foresee the 2008 market movement correct. Some are deadly wrong. From the annual report of AIG 2007, obviously they knew the problem of CDS issued by AIGFP. They have also evaluated the impact on possible down grade. The attack come exactly along this way.
This week, I move back some of my investment to China market.
# posted by Lobo @ 6:04 AM 
