http://www.youtube.com/watch?v=aC19fEqR5bA&feature=player_embedded# Apparently you should hedge and put all your money in treasury bonds. There's been a major flight to the dollar recently.
The problem with things like this is that nobody really knows. Nobody. As John Kenneth Galbraith said, "The only purpose of economic forecasting is to make astrology look respectable." Post hoc, some of the people who are making predictions will turn out to be right, most will have been wrong. A few people will turn out to be right multiples times in a row, and even that is more likely to be caused by luck than by insight. Even when there seems to be market agreement you have to be wary. Industry experts feel "safe" aping the predictions of other industry experts because if *everybody* was wrong, then nobody gets fired for being bad at the job. I studied economics (even have a Masters in it), and while I always find it interesting, at the level of the macroeconomy, we're still primitives. A true science of economics may eventually develop, but as with Psychology and neuroscience, we've only just barely begun to discover the underlying truth that may exist there. At the microeconomic level, we're somewhat more advanced, but even there we have quite a long way to go. I should say, to be fair, that current macroeconomic theories seem to have some predictive power when markets are stable...which is precisely when accurate predictions are the least valuable. Even in hindsight, the "cause(s)" of the 2007-2008 financial crisis vary depending on who you ask. Each expert has a just-so story that seems to fit the facts, and most have a preferred just-so story that they stick to and declare to be the "right" one, because admitting, "I have no idea, but there are a number of possibilities," is not good for your career as a professional economics expert.
So I guess my guess is as good as anybodys... The € crashes after London olympics and before summer 2013. "Bonds" ? What Bonds ? Is there some goverments that hasnt yet fucked up their finance ? Bonds, no thanks.
Treasury Auction New Issue Offerings Maturity Date 09/30/2013 -- -- -- 0.200 09/30/2016 -- -- -- 0.830 09/30/2018 -- -- -- 1.285 http://fixedincome.fidelity.com/fi/FICorpNotesDisplay?name=TREASA&refpr=obrfind5 So you think that this small amount of interest will compensate for over 4 percent inflation and 2 percent devaluation over those years? I'd think not but if you want to, go right ahead.
This was a candid, if shocking account by a trader. He merely said in the open what we all suspect.. There have been numerous studies of comparisons to mentally dysfunctional patients of some variant, criminals, anti-socials and cocaine addicts. With numerous errors(to put mildly) under their belts these people remain unscathed....eg Summers, Bernanke, Greenspan et al - it's a glorified circle jerk... or as the trader put it 'a capitalist gang bang'. As much as it's their fault, it's also the regulatory framework to blame. Self-regulation to addicts?.....seriously. In the case of the US we know how they lobbied for removal of oversight and regulation...but why hasn't it been re-instated after such a meltdown? One would expect massive regulation and restructuring, higher than ever - but nothing, worse still, no meaningful retribution or jail terms ...only record profits, bonuses, more sophisticated and hidden criminals. Its no wonder people have taken to the streets. As crazy as it sounds you gotta hand it to these guys for running such a racket, gambling people's savings all the while immune from prosecution, endorsed by law and embraced by government...nevermind the society they rob. Not even the mob was this efficient. I'm sure mobsters dream of such a deep-seated embedding into society themselves. Anyone seen the documentary "Insider Job"?
He's right. Sachs taught Greece how to Hide it's debt to get more debt. (Rockefellers' do this also) They are creating conditions for a firesale. They were not making enough money ripping people off the old fashioned way.
the fire sale is now in the real estate market . The building market and all suppliers of goods that go with the housing industry . Some one had to know besides a couple of old time builders and old time real estate agents . Some one had to know ! I suspect lots of some ones . Why would they go along with it ? Who's spin ? Why ? You got to ask your self ? Why ? All for greed ? Is there something else at play ? If it is a conspiracy by some elitists were they gonna hide when it all comes out , if that is what it is . That is like that Rossi Guy . It don't make sense ? Could it be the nature of business in general were profits rule the day ? I don't know ? Losing faith in the system at hand is what I see happening . Peoples are plain tired of grubbing for bare necessities. All predicated on work , contribution. What will happen as the population continues to swell as jobs continue to diminish? More musical chairs I am sure . I don't know why the world still thinks in terms of winner /losers when it comes to human lives . I can understand sports " games " but to play dice with peoples lives is that a human thing to do . How did I get here ? Is this my House ? Is this my beautiful wife ? I know it is a brutal world . Who are these brutes ? Should we do something about the brutes ? I am sick of a brutal world . What the fuck anyway . I can't except it . A brutal world . You all gonna make Me do something about it ? I don't think you want that . Mother listens you know . To a certain individual . Can't tell you why ? Don't know ? Don't even know if it is real for sure ? I tell you what it makes my eyes bulge in amazement though. Any of you hear about Charles little wake up call? Charles the guy from Varny and company on fox"s financial affiliate . A guy dies from a drug over dose in his back yard right by his screen door over the weekend( Sliding glass door maybe ) White guy at that . Kind of changed Charles if you have not noticed yet . Is that some weird? I thought it was . I look up to Charles. I look up to him even more now as mercy has been crammed into his mind . What kind of mercy does a person have to learn before they wake up. That was a good one for Charles ? Do you have a person die in your back yard to know there are people struggling to survive ? Is it not all around you already ? How personal does it have to get ?
They did this to loan money to the Greek nation in exchange for offering up infrastructure on collateral. When the Greeks fail to pay up, these banks with own their airports/roads/etc.
Shares have been rising steadily in the past few days. This "collapse" is only one person's opinion. The market says otherwise. Added later. Scratch that. They are on the slide again. In the UK and probably elsewhere the value of money is being lost through inflation. Money in the bank is not "money in the bank" any longer, it is slowly evaporating. I am looking to invest some money in shares, but I expect a sharp fall sometime soon. The market is ignoring some bad figures at the moment.
I think it was greed. I know people who were in real estate for years and they told me it was a scam in 2008 and people were going to go to jail. Of course, no one ever did. As for the economy, as I`ve said, go to Detroit if you want to see how it all ends.
Yeah, first the Trojan Horse... Please Register or Log in to view the hidden image! And then this... Please Register or Log in to view the hidden image!
"... Wall Street doesn't exist to help the average American profit. It exists to profit from the average American. And yesterday we got the first official confession of this mortal sin courtesy of "The Goldman Letter." In an op-ed piece for The New York Times, Greg Smith, a Goldman Sachs (NYSE: GS) lifer, resigned. And he made sure there wouldn't be any room to question why... The culture at the 143-year-old New York investment firm is the most "toxic and destructive" it's ever been, he said. "It's purely about how we can make the most possible money off of [clients]." ..." From: http://www.wallstreetdaily.com/2012/03/14/goldman-letter-to-wall-street/
