Monday, September 15, 2008

Lehman Fell, Merrill Lynch Sold, AIG Failing, whose next?

In my post last July 16, Philippines will weather the economic storm! I said:

Fannie Mae & Freddie Mac are currently in trouble. IndyMac collapsed (5th this year). A hundred more banks are expected to follow IndyMac's demise in a few weeks or months!

There goes, Lehman, Merrill Lynch, and AIG. These are institutions nobody expected to collapse.

More will follow.

A few institutions in Europe, Japan, and Asia (China, HK, and Singapore) will follow a few months from now, particularly those that have huge exposure to the subprime problem in the US.

We, of course, will weather the storm with difficulty.


You should have shorted these companies months back, hehehe. If you had not, then go long on Gold again, and wait until the mess is over.