Mexico

http://climateerinvest.blogspot.com/2008/02/billionaire-carlos-slim-calls-for.html

http://www.economist.com/countries/Mexico/

After a very interesting discussion with some about what Carlos Slim is doing and saying, I went back and looked for english translation of his 2008 moves. While not very open about what he is doing, it is somewhat clear that he is proposing huge infrastructure. The main question is why? In short Jobs. Without massive job dislocation occuring he wants to try to protect his companies which need the consumer to have money for phones for example. He knows the economy is in trouble. The only question now is how bad will it be and can the government create enough projects to keep unemployment under control.

Swiss in trouble?

http://ftalphaville.ft.com/blog/2008/11/12/18122/spot-of-swiss/
Say it aint so. UBS dead man walking. CS dead man walking. I can not see Obama trying to save UBS, just to much political problems. Regardless of the fact that a collapse of UBS would have huge collartral damage. Yet another wave the will crest soon.

Google going down below $300

http://www.247wallst.com/2008/11/could-google-go.html

I am betting it will go below $200. We have underestimated how bad things are going to be.

I own puts on Google.

Bid-to-cover

http://www.federalreserve.gov/newsevents/press/monetary/20081112a.htm

Whoops ,Bid-to-cover at 8%. Guess no one is buying.

PBS show on the crash

Brokers Believe Worst Is Over and Recommend Buying of Real Bargains

Wall Street in looking over the wreckage of the week, has come generally to the opinion that high grade investment issues can be bought now, without fear of a drastic decline. There is some difference of opinion as to whether not the correction must go further, but everyone realizes that the worst is over, and that there are bargains for those who are willing to buy conservatively and live through the immediate irregularity.

-- New York Herald Tribune, October 27, 1929

Written two days before the crash of 1929, had you bought then you would have broken even in the 50's

http://www.pbs.org/wgbh/amex/crash/index.html

PBS is doing a show on the great crash, looks very interesting.

more pain for the banks

http://moneynews.newsmax.com/streettalk/bank_bailouts/2008/11/11/150151.html

The Wall Street as we know it is dead. What will be left is the only question.

People leave there cars

http://www.belfasttelegraph.co.uk/news/local-national/economic-crisis-sees-people-abandon-luxury-cars-at-dublin-airport-14052806.html

We people start to give up on there property you can be sure things are going arye.