Bear Stearns implications across the markets
Submitted by China Stocks Blog
Written by Michael Vass
**This is a repost from Gold Stocks Blog which applies to this blog as well**
If there was anyone who was not worried about the economy before, there is no way they can be confident now. Bear Stearns was just taken over for an acquisition price of $2 a share. The trouble this implies is only going to be more extreme.
Obviously the first thought is that this deals with the sub-prime mortgage crisis. And that thought is absolutely correct. As I have previously mentioned, we are not at the end of this crisis, and I expect to hear of continued major losses amid the major financial institutions. Of particular note I expect…
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