The Masked Tulip Posted August 10, 2010 Share Posted August 10, 2010 That Dragons Den bloke, James Kahn, was just interviewed on ITV News. He said he was very concerned about the house sales news, about the retail sales news, worried about lack of growth, coming job cuts... went on to say that we have to be careful as Sept and Oct are traditionally very dangerous months for the stock markets... Quote Link to comment Share on other sites More sharing options...
MrFlibble Posted August 10, 2010 Share Posted August 10, 2010 One gust of wind and the whole house of cards could come crashing down... Look how quick the housing market sentiment seems to be changing. Worrying times indeed... Quote Link to comment Share on other sites More sharing options...
Mega Posted August 10, 2010 Share Posted August 10, 2010 They PRINT Mike Quote Link to comment Share on other sites More sharing options...
Ruffneck Posted August 10, 2010 Share Posted August 10, 2010 (edited) PPT didn't exist in 1929 , was just a few banksters who bought shares in US Steel ; limited by the constraints of the Gold standard. They can just print as much money as they want and send it through to the PPT to buy a bunch of shares. 1929 style stock market crash is impossible , more likely is a Zimbabwe style crash where the stock market increases by multiples of thousands , millions , billions as the currency it is denominated in becomes worthless trying to keep the house of cards upright. Edited August 10, 2010 by Ruffneck Quote Link to comment Share on other sites More sharing options...
200p Posted August 10, 2010 Share Posted August 10, 2010 Only a couple of days till Friday the 13th! Black Friday! Quote Link to comment Share on other sites More sharing options...
piece of paper Posted August 10, 2010 Share Posted August 10, 2010 Only a couple of days till Friday the 13th! Black Friday! Priced in unless it's unexpected. p-o-p Quote Link to comment Share on other sites More sharing options...
scottbeard Posted August 10, 2010 Share Posted August 10, 2010 1929 style stock market crash is impossible , more likely is a Zimbabwe style crash where the stock market increases by multiples of thousands , millions , billions as the currency it is denominated in becomes worthless trying to keep the house of cards upright. That's what they thought in 1929 too! Why would the government destroy iself and its banker friends by printing to infinity? It didn't do Mr Mugabe any good. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted August 10, 2010 Share Posted August 10, 2010 PPT didn't exist in 1929 , was just a few banksters who bought shares in US Steel ; limited by the constraints of the Gold standard. They can just print as much money as they want and send it through to the PPT to buy a bunch of shares. 1929 style stock market crash is impossible , more likely is a Zimbabwe style crash where the stock market increases by multiples of thousands , millions , billions as the currency it is denominated in becomes worthless trying to keep the house of cards upright. Not impossible but the elites are doing everything they can to keep the stock market propped up. Without growth they need high share prices for all the pension commitments. Unlike 29 a stock market crash now will crash the entire global pension system. The game is on, if Mises is correct then this collapse will have everyone wishing for a 29 type collapse. Everyone is in the stock market they will do everything they can to stop it from failing. Ludwig von Mises describes the endgame brought on by reckless expansion of credit: "There is no means of avoiding the final collapse of a boom brought about by credit (debt) expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit (debt) expansion, or later as a final and total catastrophe of the currency system involved." Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted August 10, 2010 Share Posted August 10, 2010 It will get worse after the holidays. Quote Link to comment Share on other sites More sharing options...
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