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So jiggy, you reckon the Global Financial Crisis didn't happen either?
I think most bm's Uncle festivus and co posting their rantings on this thread also believe the US gov't has aliens at their military bases and that we also never landed on the moon.
I think these guys have become even more delusional because they have either been shorting this market on their distorted beliefs and blown themselves up or have missed the 40% plus upward movement in the share market and are obviously very bitter.
Can't wait until they stop blaming the Fed, US gov't etc and start blaming the aliens instead
There's always going to be a few who post who have obviously lost some of their marbles
So jiggy, you reckon the Global Financial Crisis didn't happen either?
I think most bm's Uncle festivus and co posting their rantings on this thread also believe the US gov't has aliens at their military bases and that we also never landed on the moon.
I think these guys have become even more delusional because they have either been shorting this market on their distorted beliefs and blown themselves up or have missed the 40% plus upward movement in the share market and are obviously very bitter.
Can't wait until they stop blaming the Fed, US gov't etc and start blaming the aliens instead
There's always going to be a few who post who have obviously lost some of their marbles
Any chance this will be fixed over time?Simple mathematics for the USA (and others ie debt to GDP ratio's) - money coming in does not equel money going out = huge deficit(s)
Only the timing is unknown???
Australia is heavily import and export dependent and so I’ll bet businessmen in Australia looks mostly to China, Japan and the US to predict Australia’s export function and China right now is doing very well and Australia is seeing a big commodities boom because of it. But whereas it was real over the last 20 years, this year, I don’t think it’s real. This year I think the Chinese government is just propping up commodity prices. They’re making too many purchases, given the economic outlook. China itself is not an independent economy. They produce and manufacture for the US, so if the US is not consuming, China is going to have to slow down. They are not going to be able to replace all of their exports to the US with domestic consumption.
The way I would draw it is I don’t think this is the recovery we’re experiencing now. I think what we’re on is a 'straight down' slope and if you’re seeing any positive numbers coming out of Australia or China or the US, they’re a direct result of huge government interference. The Chinese economy is less than a $2 trillion economy when measured at market exchange rates and yet they have a stimulus plan of over $500 billion. The US economy spent $700 billion overnight on a TARP [Troubled Asset Relief Program] plan and there are suggestions that they may have either given away or invested or spent or guaranteed something like $23 trillion of commercial paper and bank deposits and money market funds. Fannie Mae, Freddie Mac debt, etc, etc, etc.
So, with that huge level of government involvement, there’s got to be some sort of blip in the short run, but again, you don’t get out of the downward spiral unless you address the fundamental issues and the fundamental issues are too much borrowing, too much corrupt practice, too much criminal practice going on on Wall Street and a huge amount of government, corporate and individual debt that has to be repaid. People were borrowing against their homes in the US for decades and that’s all stopped and now they’ve got the debt and they don’t have the house and now they’ve got to pay all that back. That’s got to slow consumption.
It took a major financial crisis that almost bankrupted the global financial system to make people realise that we had a very serious problem occurring in our financial system and what did we do? We raced around like Humpty Dumpty soldiers and horses trying to put the old system back together again and we put together these banks that were too big to fail. We put back together the credit default swap market and the derivatives market which is so interconnected you can’t allow anybody to claim bankruptcy. We tried to put back together the securitisation market which allowed banks to completely flush assets with no risk to their balance sheets and to throw all the risk onto other parties and so, you know, there’s a reason why the global financial system almost collapsed. It seems silly to me for our reforms to put that same system back together again and if they’re successful in doing it, then all we’re doing is delaying the day of mourning when this all happens again.
"China is four or five times as big in population, but on a per capita basis they still are 1/25 the earnings power of the US."
Yup but those figures of wealthy US citizens is some what misleading.
A small percentage holds the wealth in the US
Take Leichenstein for example GDP per capita the rank number 1 in the world.
Any chance this will be fixed over time?
Yes, if they reduce Social Security and Medicare to minimum?, a 50% or more cut to the military budget, and an elimination of all other federal programs? Apart from that, there shouldn't be too much disruption to daily life?
I wish i could copy and paste paragraphs and pull up charts that that try to justify the distorted beliefs of those on the extreme.
Sounds like there are alot of shorters who have blown themselves up
maybe if you didn't believe in so much of the rubbish and conspiracy theories u purport you might not be so bitter and make some money.
A good book called - Sharemarket investing for dummies. ......................could be a good start
Just to add to the common theme on this thread........................Aliens are buying treasuries not the chinese
I wish i could copy and paste paragraphs and pull up charts that that try to justify the distorted beliefs of those on the extreme.
Sounds like there are alot of shorters who have blown themselves up
maybe if you didn't believe in so much of the rubbish and conspiracy theories u purport you might not be so bitter and make some money.
A good book called - Sharemarket investing for dummies. ......................could be a good start
Just to add to the common theme on this thread........................Aliens are buying treasuries not the chinese
Have a little respect SWM. The reason this thread is in existence is because of Uncle. His first post alerted everyone to what eventually happened.
huh? if you read my posts me and UF agree... my last post is to jiggy
Apologies. I should have said Jiggy.
I wish i could copy and paste paragraphs and pull up charts that that try to justify the distorted beliefs of those on the extreme.
Sounds like there are alot of shorters who have blown themselves up
maybe if you didn't believe in so much of the rubbish and conspiracy theories u purport you might not be so bitter and make some money.
A good book called - Sharemarket investing for dummies. ......................could be a good start
Just to add to the common theme on this thread........................Aliens are buying treasuries not the chinese
Aliens are buying treasuries not the chinese
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