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The price of $2 per share that JPMorgan Chase is paying for Bear Stearns indicates the U.S. is headed for another depression. Ask a Question

The price of $2 per share that JPMorgan Chase is paying for Bear Stearns indicates the U.S. is headed for another depression.
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4 Answers

Yes. That and Northern Rock. US and other world economies are headed downwards. The Euro is doing well cos peeps are not investing in the US Dollar. They aren't investing in Sterling either :-(

2 Replies to Bristol's answer

Cast a vote, please.

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Just like Monopoly - the rich get richer and the poor get poorer. Bring back Uncle Pennybags!

What it really does is tell us the value of Bear Stearns. A classic example of unnatural selection.

Whoo-boy! Almost a year ago I called it!! Look where we are today!