No Depression Or Major Recession From US Crisis - Bill Gates

[Bill Gates]

Before any one in this forum disagrees with Bill Gates, show us proof that you are worth at least 10% of his wealth.

So with no major recession or depression, how bad will the local economy and property market be?


No Depression Or Major Recession From US Crisis - Bill Gates


WASHINGTON (AFP)--Multibillionaire Bill Gates said in a
TV interview that the U.S. financial crisis doesn't spell
the end of capitalism and won't lead to a depression.

"It's a very interesting crisis," the Microsoft Corp
founder told CNN, discussing the U.S. Congress's $700
billion bailout bill for Wall Street, which was passed
Friday in an attempt to stem economic jitters spreading
around the world.

The slump triggered by the collapse of the subprime
housing market requires "some type of correction," Gates
added in the interview, broadcast Sunday, "but
fundamentally...companies' willingness to invest, right
now we haven't seen a huge disruption in that."

"It looks like the economy may go down somewhat, but
nothing like a big recession or a depression," he added.

On some experts' misgivings about the U.S. bailout plan,
Gates said, "It doesn't look like fixing these problems
is going to derail the economy in some dramatic way."

Gates, listed by Forbes magazine as one of the richest
men in the United States with an estimated $57 billion
fortune, said the future of the U.S. and global economies
lies in the resilience and innovative spirit of
businesspeople and scientists around the world.

"The amount of innovation taking place, the amount of
investment is actually greater today than ever," Gates
said.

"Because you not only have more American companies with
more scientists and engineers and innovators, but now you
have...people from all over, including lots of people in
India and China, now contributing to new drug design, new
software design, new energy generation design," he said.

Gates said on CNN that the quest for new technologies to
increase food production and reduce global warming
through cheaper and cleaner energy sources "will deliver
those advances" to help push the world economy forward.

Gates retired from Microsoft in June to focus on running
the Bill and Melinda Gates Foundation, which works to
fight disease, reduce poverty and improve education
around the world.

He remains Microsoft's largest single shareholder and
chairman of company's board of directors

[Big Guns]

All the warrens, gates and paulsons are being mobolised to reassure the markets. This loss of market confidence is staggering and everyone needs to pitch in to help stablize the ship

[aaaaaa]

All the warrens, gates and paulsons are being mobolised to reassure the markets. This loss of market confidence is staggering and everyone needs to pitch in to help stablize the ship

Warren Buffet is not one to risk his funds just for national duty. He invested billions recently because he believes in what he says. This is smart money moving in. Take heed.

[where]

where does he mention no big recession?
he just says no recession

[Cheap]

Talk is cheap, that's all I know.

[unwinding]

Monday, October 6, 2008

Money Market Stress Worsens in London, Europe Despite Bailout Bill

The specter of six major financial institutions failing in a mere two weeks has confirmed the wisdom of banks' tendency to hang onto their money and not lend it out to their bretheren. The bailout bill passed last week appears to have made nary a dent in the tightfistedness; it's an open question as to whether a newly bulked up TAF auction today (three times its former size) will have any impact.

[the struggle]

For Europe, this is more than just a banking crisis. Unlike in the US, it could develop into a monetary regime crisis. A systemic banking crisis is one of those few conceivable shocks with the potential to destroy Europe’s monetary union. The enthusiasm for creating a single currency was unfortunately never matched by an equal enthusiasm to provide the correspondingly effective institutions to handle financial crises. Most of the time, it does not matter. But it matters now. For that reason alone, the case for a European rescue plan is overwhelming.

[slowdowns]

in US and Europe .... the coming headwinds.

quote:

Asian stocks slumped, extending a global rout, on concern the seizure in credit markets will deepen a global economic slowdown...

``I'm shocked by the speed at which the global economy has deteriorated,'' said Roger Groebli, Singapore-based head of financial market analysis at LGT Capital Management, which oversees about $20 billion. ``It's happening at a speed that I have never seen. It's a global capitulation and everyone is throwing in the towel.''

[Ironical]

At the end of this crisis, America and Europe will be thoroughly cleansed and their financial regulations  will end up being more conservative than Asia's. Asia will start advising America and Europe on how they should regulate their financial industry. It pays to be conservative.Ironical isn't it.

[hard assets]

will be unwound as they deleverage. Comparative pricing will figure too. From manhattan to london to singapore to sydney, real estate prices that were the product of the debt supercycle and leveraging will unwind. No stones will be unturned irrespective of the irony.

[How long]

will be unwound as they deleverage. Comparative pricing will figure too. From manhattan to london to singapore to sydney, real estate prices that were the product of the debt supercycle and leveraging will unwind. No stones will be unturned irrespective of the irony.

Well looks like the unwinding is very much slower in some places. Should they not move at the same speed or are the bears missing out on something. Or maybe Singapore assets will be unwound when USA starts picking up??? How long should we wait for this deleveraging to take place when it is almost completed in USA where it started??

[Extra layer]

Maybe there is a layer peddling very fast in Singapore that we have not seen or heard from.  Once that layer is peeled back all will be revealed.   

[what if]

Maybe there is a layer peddling very fast in Singapore that we have not seen or heard from.  Once that layer is peeled back all will be revealed.   

Maybe before that layer get's peeled off, USA starts making a recovery.

[Things]

will get cheaper, as we go forward property especially.

[Blah Blah]

will get cheaper, as we go forward property especially.

yes they will blah blah blah blah.