Your are viewing a read-only archive of the old DiS boards. Please hit the Community button above to engage with the DiS !
Im betting 3400 with an absolute bottom of 3000
I reckon it'll get to around the low 3000 mark as well
or is it another banking group
but they were the first major institution to be bailed out by the US government.
they're being broken up and sold off at vastly reduced prices in order to try and stay afloat and repay the debt, so it's all pretty fucked in every possible respect. Munich Re are set to become the largest global insurer and reinsurer as a result, as the Chinese aren't getting involved at the moment
before coming in and ‘rescuing’ the US with loans or capital in return for assets. Whether we find about it or not, it’s going to be pretty much the same as what the US did with western Europe after the second world war (but without the military occupation). The US will be in hoc to China in the same way that the UK has been to the US for the past sixty years.
will be interesting to see if some of the larger, established Bermuda-based insurance and reinsurance firms will weather the storm or not, or if they'll be swallowed up by the inevitable entrance of China at a later date