- Joined
- 12 December 2006
- Posts
- 289
- Reactions
- 0
yes your right...
http://mediamatters.org/items/200812040005
why was such crap aired on our news in oz?
they dont get $73 in the pocket. Thats what it costs the company, not what the employee gets deposited in their account.
Davo 8 Let me correct you on one thing I can't see OZ coming out of this until about 2012, there is to much Fed help to let it collapse as quickly as it should.
Maybe we should be studying Tulips, Dot Com bubbles to get an idea where this will end.
We should also try and agree what the future will bring, Falling USD, deflation, Hyperinflation , gold up, Jobs, life style living in tents growing your own vegies. 3 rd World conditions, what will it take to turn it around, we can never go back to what we had.
I use to think about history and how hard it was to survive and glad i wasn't alive then now in x yrs time people will look back to to the great depression of 2007 - 200?? and wonder how we could get ourselves in such a mess.
Strange how people who never work a day in their lives well soon be just as well of as those who had.
I expect Roubini is much smarter than i... but a massive and prolonged deflation rewards the responsible savers and i just dont think the responsible will be rewarded and the irresponsible punished... that would just be too good to be true
plus china would then be able to buy EVERYTHING so logic says hyperinflation when the usd collapses
"logic" LOL
A crash as historic as the end of communism
The credit crunch has destroyed casino capitalism. From the rubble a new, less divisive, economic model will emerge
Robert Peston - http://www.timesonline.co.uk/tol/comment/columnists/guest_contributors/article5309917.ece
I expect Roubini is much smarter than i... but a massive and prolonged deflation rewards the responsible savers and i just dont think the responsible will be rewarded and the irresponsible punished... that would just be too good to be true
plus china would then be able to buy EVERYTHING so logic says hyperinflation when the usd collapses.
...because although you can destroy credit you can't destroy fiat money.
Eh?
I think you might want to reconsider that view, FWIW.
Q Ratio Signals ‘Horrific’ Market Bottom, CLSA Says (Update2)
Email | Print | A A A
By Patrick Rial
Dec. 10 (Bloomberg) -- A global stock slump may have further to go, according to Tobin’s Q ratio, which compares the market value of companies to the cost of their constituent parts, CLSA Ltd. strategist Russell Napier said.
The ratio, developed in 1969 by Nobel Prize-winning economist James Tobin, shows the Standard & Poor’s 500 Index is still too expensive relative to the cost of replacing assets, said Napier. While the 39 percent drop in the index this year pushed equity prices below replacement cost, history suggests the ratio must sink further as deflation sets in, he said. The S&P may plunge another 55 percent to 400 by 2014, Napier said.
More gloom from Gloomberg http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKNSK0gYlqB0
Thanks for all of that post. I wonder how much the constituents have changed since the 1987 crash. Even the tortoise changes of the DOW 30 are gathering speed.Q Ratio Signals ‘Horrific’ Market Bottom, CLSA Says (Update2)
Email | Print | A A A
By Patrick Rial
Dec. 10 (Bloomberg) -- A global stock slump may have further to go, according to Tobin’s Q ratio, which compares the market value of companies to the cost of their constituent parts, CLSA Ltd. strategist Russell Napier said.
The ratio, developed in 1969 by Nobel Prize-winning economist James Tobin, shows the Standard & Poor’s 500 Index is still too expensive relative to the cost of replacing assets, said Napier. While the 39 percent drop in the index this year pushed equity prices below replacement cost, history suggests the ratio must sink further as deflation sets in, he said. The S&P may plunge another 55 percent to 400 by 2014, Napier said./QUOTE]
What I mean really is, how can we compare indices that have changed so much in their makeup.
The FTSE 100 index (101 stocks) seems to be full of companies foreign to the UK.
Even Macquarie Bank has so many foreign interests it makes Aussie indexes increasingly foreign and always vulnerable to foreigners pulling out cash.
More gloom from Gloomberg http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKNSK0gYlqB0
Thanks for all of that post. I wonder how much the constituents have changed since the 1987 crash. Even the tortoise changes of the DOW 30 are gathering speed.
What I mean really is, how can we compare indices that have changed so much in their makeup.
The FTSE 100 index (101 stocks) seems to be full of companies foreign to the UK.
Even Macquarie Bank has so many foreign interests it makes Aussie indexes increasingly foreign and always vulnerable to foreigners pulling out cash.
Totally agree noirua. It's all become so terribly and inextricably ..... COMPLICATED!
Perish the thought that if it is all so complicated now, what will it be like in say, 10-20 years?
Yes, there may well be a new ASX China 200 index, for companies whose principal market is Hong Kong or China. Or the company is controlled through China 'A' shares.Totally agree noirua. It's all become so terribly and inextricably ..... COMPLICATED!
Perish the thought that if it is all so complicated now, what will it be like in say, 10-20 years?
Eh?
I think you might want to reconsider that view, FWIW.
These are very smart guys who don't care if they look stupid while they get exactly what they want.
Doesn't that article explain exactly why Germany is able to "keep its powder dry" rather than join the Keynesian gravy train?Germans reject Keynesian self destruction.
Deutchland uber alles!!
Doesn't that article explain exactly why Germany is able to "keep its powder dry" rather than join the Keynesian gravy train?
What good will Keynesian-style countercyclical stimulus packages do to inspire the frugal German consumer? It's easy for Merkel to criticise, but who will buy all the BMWs that employ such a large number of Germans?
Me too, but unfortunately the Great British Peso doesn't go as far as it used toI was thinking of going and supporting their breweries and bratwurst industry soon too.
There lie Germany's big problems as the emancipation of East Germany and its industries, has made it the most industrialized European country.Doesn't that article explain exactly why Germany is able to "keep its powder dry" rather than join the Keynesian gravy train?
What good will Keynesian-style countercyclical stimulus packages do to inspire the frugal German consumer? It's easy for Merkel to criticise, but who will buy all the BMWs that employ such a large number of Germans?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?