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Re: Economic Downturn

  •  06-09-2008, 2:17 PM

    Re: Economic Downturn

    In investment/banking/insurance weather is interesting. Lots of banks lost huge amount of money due to subprime mortgages and credit crunch. Those banks had too much exposure to risky investments. My company's last couple of quarters were in red but only a little since we had no subprime problems and thanks to cheap Dollar comparing to Euro. Whoever still have cash on books are looking to acquire losers. It is great time now for expansion. We are pretty much facing lower bonuses next year since they're tied to company performance. Everything else is stable. It is time to invest in stocks ;)
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