Our financial system is crumbling this week.

[G. Keenan]

Today has been a good day for CME Group.

[Michael]

Today has been a good day for CME Group.

Generally CME Group does well during volatile times. Market uncertainty drives trading volume.


EDIT - Also, they are cash rich, which is helpful when there's tight lending markets.

[cardinalkarp]

Well at least its rebounding a bit and is back up over 10k.

[Dillagii]

Well at least its rebounding a bit and is back up over 10k.

And before you know it, it's back to 9900+ again.

[sighyoung]

Kevin Hassett is senior fellow at the think tank American Enterprise Institute where he directs economic policy studies. He regularly appears on Bloomberg Television. He advised President Bush in his campaign, and he currently serves as a senior economic adviser to the John McCain 2008 presidential campaign.

http://en.wikipedia.org/wiki/Kevin_Hassett

Kevin Hassett speaks!

[/youtube]

[G. Keenan]

Roubini again.

His essay on the 12 steps to a systemic financial crisis.

http://media.rgemonitor.com/papers/0/12_steps_NR

His followup as of today:

http://www.rgemonitor.com/roubini-monitor/253853/


The reason I don't comment much in this thread
(but read every word written here) is that I really
don't have any answers. I don't even know the
questions.

That [expletive] is scary.

[planet planet]

I guess this will flush all the useless eaters to the surface

[sighyoung]

I guess this will flush all the useless eaters to the surface

And if they would rather die, they had better do it, and decrease the surplus population.

[Arthur Dent]

That [expletive] is scary.

Who's ready for the politics of fear? Cause it would totally work.

[sighyoung]

That [expletive] is scary.

Who's ready for the politics of fear? Cause it would totally work.

I'd like to hear your Huey Long impression, Arthur.