The US government is using tax payers' money to buy bad companies. Buying over AIG does not seem to solve the problem at all, AIG is going to sell its business to payoff its debts. How many businesses do AIG needs to sell to pay off everything? What's left for the AIG after that?
Not saving Lehman is probably the best choice they have made. Why bother how much the CEOs are paid?
US status as economic power is not under threat anyway, they are still the largest economy in the world, but how long will the slump last? There's a lot of selling in Asia and in Singapore the STI can barely take it. Companies that are profitable dropped in value because of the heavy selling.
All I can say is that the US government really take cares of companies at the expense of the tax payers. The economy is still going down despite the bailout. Not forgetting the US government owes China US$500billion.
My friend told me that his portfolio is in red due to the heavy sell down, by at least 30% and he is staying away from investments for now. He makes more money from EPL betting than investments.
I am staying on the sideline. I am sure that there are investors out there waiting for the market to bleed more before going in to buy good companies at low prices.
Till now, I am still not convinced by that the bailout can do.
Not saving Lehman is probably the best choice they have made. Why bother how much the CEOs are paid?
US status as economic power is not under threat anyway, they are still the largest economy in the world, but how long will the slump last? There's a lot of selling in Asia and in Singapore the STI can barely take it. Companies that are profitable dropped in value because of the heavy selling.
All I can say is that the US government really take cares of companies at the expense of the tax payers. The economy is still going down despite the bailout. Not forgetting the US government owes China US$500billion.
My friend told me that his portfolio is in red due to the heavy sell down, by at least 30% and he is staying away from investments for now. He makes more money from EPL betting than investments.
I am staying on the sideline. I am sure that there are investors out there waiting for the market to bleed more before going in to buy good companies at low prices.
Till now, I am still not convinced by that the bailout can do.
0 comments
Post a Comment