Credit crisis getting worst

8/22/08

Financial, financial,...are all over the headline in every news source. Since the naked sell-short rule got expired at 8/12/08, there were some financial stocks value keep making new all time lows. Apparently, there is none that our US Government Agency could help to solve the sever wound that sub-prime originated mess. It is almost very sure that US Treasury is going to take over FNM & FRE. LEH is in talk as takeover target because it is no credit to raise capitals by issuing additional stocks or bonds. This is another wave of financial crisis going on. The credit crisis is 100% getting worst. Which economists were saying our credit crisis is over??! Now, the next shoe to drop is commercial real estate market. Therefore, I see no end to this financial crisis. Despite if the crude oil could go down below $100, high inflation is keep its role and making headache to Feds rate decision and monetary policy.