Tuesday, December 16, 2008

PhillipCapital Weekly market watch

This is a video by Phillip securities

  • Investors worried that FED is printing too much money to do the bail outs, hence weaking the US currency
  • Vicious downward spiral. Cause by drop in property prices hence bank lending, followed by consumption, business and equity assets looping back to property prices again.
  • Market outlook for following months to be sideways with high chance of going down
  • Possible write down of USD 7.5 trillion from various sources, like the CDOs which are causing the banks to go bankrupt.

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