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Financial news I consider important, with my opinion, which is worth as much as you paid for it.
Please click HERE to read a synopsis of my view of the financial situation.

Thursday, August 14, 2008

Credit Crisis spiraling out of control

For those of you who have unfortunately read my email rants, you'll recognize the theme, doom and gloom for USA & world financial markets.
My main purpose of "spreading the word" is to ensure people do what they can to prepare their financial situation for impact.

One of the bloggers I read most frequently is "Market-Ticker" by Karl Denninger. He is extremely savvy with stocks, a multi-millionaire originally from an internet business back in Y2K. Since then his hobby is true day-trading. He doesn't seem to buy & hold more than a week or two at most.

If you have some knowledge over bonds, credit ratings, etc, this is a good read.
If you think of credit as your MasterCard, and not for big business, move along.... :)
http://market-ticker.denninger.net/archives/541-Theyre-Picking-up-Fish;-Tsunami-Curling-Over.html

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