Wednesday, May 02, 2007
Recession Warning: It's Mar 2000 All Over Again!!
About: Dow High, GDP Low - Deja Vu All Over Again
The Dow just hit a new high, but GDP suddenly drops to a new low - no, its not today, its March of 2000, right before we entered the last recession.
Posted by nearly30 @ 08:01 PM (158 views) Add Comment
11 Comments
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1. nearly30 said...
As I write this - the DOW is up again at 13,250 - this time last year it was 11,250 - and has grown nearly 1,000 in just 1 month - this has got to be unsustainable?
Hasn't this got classic 1929-style bubble collapse written all over it - next week - say Tues or Wed?
Wouldn't that be an absolute classic - just on the day Blair says he will step down by a specific date - the whole world goes pop!!!!
2. sold 2 rent 1 said...
The history books will remember the "2007 crash" much longer than "Tony who???"
Sorry to sound like David Ike but we are close to a new era
3. nearly30 said...
I once bumped into David Ike.
4. dohousescrashinthewoods said...
I am tending towards a sense of a US/UK stock market correction/crash/possibly even collapse this Summer and UK housing going pear shaped thereafter (with the media starting to admit it next year once it's the insolvency chaps paying for advertising rather than the Halifax)
Interested to see what the BoE will do under the "media eclipse" of Tony's exit. Part of me thinks that if they really want to do a half percent but can't stand the overblown furore this would generate, then T-Day is in fact a wise choice
(cheeky bit: because the Daily-Sun-Mail-Hello-Mirror-Star readers will be too busy avidly digesting McArticles about whether Gordon has too many blackheads and should go for a facial and a massage before taking up the job, whilst the Guardian opinionists go all out on boozy-red-wine-luch-fuelled old git tyrades about any old pompous, self-inflated seemingly good point - but miss the fact we live in a police state where the executive can do as they please - and the Times wibbles on about debate without having any and the Independent will ignore the whole lot in favour of a full front-page spread on climate change. The FT will probably cover it on page 3)
5. Scott said...
I think this will be good for Tony if he steps down before the bubble pops. Remember the old phrase "this place will fall apart without me". And when in 20 years we look back at these golden times, he can take credit for that. Actually in 20 years, he will probably be more popular than he is today for this reason.
6. sold 2 rent 1 said...
nearly30,
Was it before or after he went off the rails.
7. nearly30 said...
s2r1 - oh after - was about 2 years ago - he was still in his tracksuit!!!
Said Hi to him on a train station - think he was on he 'lecture' tour.
Got to admire the man for being soooooooooooo bonkers!!!!
8. Andy said...
Nearly 30,
Yeah, David told me he bumped into you about 4 years ago.
9. sold 2 rent 1 said...
Some of his ideas are crazy but some are proving very true - especially about 911 and Iraq
See video - David Icke - Was he right?
http://video.google.co.uk/videoplay?docid=6860946590182985661
Maybe what he was seeing was the consequences of the emerging K-winter.
The next 5 years will be very interesting indeed
10. nearly30 said...
@s2r1
Watched the vid - he is basically nutz about the lizard thing - but if you take the sentiment - he is comparable to Al Gore's ramblings [a little bit right and a little bit wrong - good heart] - and he has been 'proved' to some degree that the 'powers that be' have conspired against us and the world.
He is right to question authority - factual accounts - laws and liberty - but him being the spokesperson does make other people who say the same things get tarnished with the 'mad' brush. Talking about 'liberty' and freedom is not 'crazy talk' or being conspiratorial - but having Mr Icke ramble on about it doesn't make it 'cool' does it!!!
What a nutter!! But I will defend his right to be one!!
11. indiablue19 said...
Yes, probably better for Tony if he leaves the unsortable mess for Gordon [who let's face it has earned the notoriety anyway], just as Greenspan did for Bernanke, who has inherited property market desperation. Greenspan waited it out, played the federal reserve game, and collected the big salary as long as he could stretch a point, then started up the Roller and took all the props with him. Seems to be the leadership trend, doesn't it?