One thing that peeves me off is the dodgy numbers that come out, and the confused and conflicting media reporting. Even the RBA and IMF don't seem to have any clear idea past a week.
China Stocks Enter Bear Market as Index Falls 20% From High
"China follows Russia among the so-called BRIC bloc of major emerging economies to have entered bear markets."
Didn't I hear the BRIC economies were going to get us all out of this mess?
Doesn't that graph indicate the market is back to where it was 2 months ago? Holy goat Batman! Set the Ark afloat!!Man, I am so dumb. Enlighten me....
Doesn't that graph indicate the market is back to where it was 2 months ago? Holy goat Batman! Set the Ark afloat!!
Inflation.
http://www.nytimes.com/2009/08/19/opinion/19buffett.html?pagewanted=2&_r=2With government expenditures now running 185 percent of receipts, truly major changes in both taxes and outlays will be required. A revived economy can’t come close to bridging that sort of gap.
Legislators will correctly perceive that either raising taxes or cutting expenditures will threaten their re-election. To avoid this fate, they can opt for high rates of inflation, which never require a recorded vote and cannot be attributed to a specific action that any elected official takes.
In fact, John Maynard Keynes long ago laid out a road map for political survival amid an economic disaster of just this sort: “By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.... The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
Doesn't that graph indicate the market is back to where it was 2 months ago? Holy goat Batman! Set the Ark afloat!!
Yes, the 17 day trend is down in China. I've bought my ticket for the Ark and have rounded up a couple of guinea pigs, llamas and alpacas to go with me. The anacondas can stay.Doh.... silly me ... I must have been looking at the somewhat precipitous trend which if continues for 2 more weeks would have that chart back to end of 2008 parity! Best to ignore stoopid developing trends then, eh?
Yes, the 17 day trend is down in China. I've bought my ticket for the Ark and have rounded up a couple of guinea pigs, llamas and alpacas to go with me. The anacondas can stay.
Yes, the 17 day trend is down in China. I've bought my ticket for the Ark and have rounded up a couple of guinea pigs, llamas and alpacas to go with me. The anacondas can stay.
Bears live above 3000m here, they should be safe.Did the bears already go in the ark?
Bears live above 3000m here, they should be safe.
What? the end of the year? No way it will be shorter loli met a 17 yr old kid today that played the ASX game at school ........
he assured me the market would hit new lows before this bear was over .. i agreed with him .........he owned a cute lil porsche and was sober so i guess he knows just as much as anyone else here
What? the end of the year? No way it will be shorter lol:
that pommy beer sent ya crosseyed
Bfor bear
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