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Lundi Noir-- Black monday for the global markets


Trampa501
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She would probably have done a better job than the idiots now in charge.

There is only one way out of this- default and debt write downs- but since this would deprive some very rich and powerful people of their wealth it's an option that is too heretical to even get considered.

A lot of currently 'rich' people are in fact poor men walking- their wealth being entirely an illusion of a dysfunctional system that has allowed more claims on wealth to be created than exists to support those claims.

Are Eurozone voters going to start forcing this option more and more into the spotlight?

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She would probably have done a better job than the idiots now in charge.

There is only one way out of this- default and debt write downs- but since this would deprive some very rich and powerful people of their wealth it's an option that is too heretical to even get considered.

A lot of currently 'rich' people are in fact poor men walking- their wealth being entirely an illusion of a dysfunctional system that has allowed more claims on wealth to be created than exists to support those claims.

Greek bonds are in default, their debt has been written down. They are still up to their necks in it.

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Borrowing by Euro govts has become like a heroine fix. The longer it continues, THE LESS AND less effective it becomes at each turn until one day you just don't wake up atall. Austerity may be no fun, but there is NO painless way to resolve borrowing more than you can pay back. Printing is the new methodone. Does not get you off the habit and prolongs the agony of recession creating inflation in the longer term - another illness.

The idea that you have to get growth going before you can cut borrowing and can only do so by more and more borrowing is NOT working. The drug now has little effect as economists are beginning to realise. The old Keynesian economics DOES NOT WORK if you just keep doing it over and over. If it did, then we need never suffer anything in a recession. The govt could just borrow, pump and hey presto all would be resolved. The fact that growth in the US is so weak that it does not actually pay for the borrowing that created it, is proof of my point.

In fact the borrowing problems have not got any better since Cameron - it is deteriorating because they would not just get on and introduce cuts with immediate effect. Waiting was so pointless as we now see growth has become recession without most of the cuts actually being introduced. Most of them are only starting in the last few months.

spot on......batten down the hatches and concrete the f_____s in lol

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Won't equity markets love the idea of printing money to stimulate the economy?

Remember QE int he USA and the monster up days in the markets.

If for any other reason if real hard printing does begin you have to get out of cash/bonds and into equity.

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I think that the subordinate phrase in your sentence explains why stock markets are absurdly high for the state of the economy.

Yes but they don't mention that in mainstream articles.

I recall the Zim stock market having massive gains during their hyperinflation as well.

Investing in 'safe' stocks = better than keeping your money in cash right now.

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Yes but they don't mention that in mainstream articles.

I recall the Zim stock market having massive gains during their hyperinflation as well.

Investing in 'safe' stocks = better than keeping your money in cash right now.

Always depending on how you define 'safe'. QE is keeping share prices at higher levels than they would otherwise be. No one knows by how much or for how long.

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Greek bonds are in default, their debt has been written down. They are still up to their necks in it.

no, and yes.

some greek bonds are in default, but they have a bunch of new debt from the Eurozone to cover, and yes, they are back to square 1.

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Yes but they don't mention that in mainstream articles.

I recall the Zim stock market having massive gains during their hyperinflation as well.

Investing in 'safe' stocks = better than keeping your money in cash right now.

Meanwhile, you starve and are either turned into a refugee or killed by a mob..Then they bulldoze the houses of foreigners.

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> Black Monday For Global Financial Markets?

I don't know... BBC : Bigger and brighter 'supermoon' graces the night sky.

Those moon phase market traders are devils for stubbornness. :wacko:

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The idea that you have to get growth going before you can cut borrowing and can only do so by more and more borrowing is NOT working. The drug now has little effect as economists are beginning to realise. The old Keynesian economics DOES NOT WORK if you just keep doing it over and over. If it did, then we need never suffer anything in a recession.

Well put (didn't read it until someone else quoted you: putting it all in bold makes it harder to read and registers as some idiot shouting crap).

Bear in mind we had a first hint at a HPC in 2005, and it was pseudo-keynesian stimulus that gave us another couple of years of the Blair feelgood.

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ah but are sure about that?

The average fund of funds went up 1% last week, how did a house do?

I was not advocating houses as being safer than shares. I just don't see that any particular class of shares can currently be defined as safe; there are just too many factors currently adding to market volatility. Even the current tranche of elections across Europe could have wide effects; add in the probable end of QE exercises, general economic malaise, and a host of other factors.

How much is a share worth? What the market will pay.

How much will the same share be worth in 6 months? What the market will pay then.

Funds of funds may rise from one week to the next but they are subject to the same ultimate pressures as the rest of the market.

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You have to speculate to accumulate.

Just because it rhymes does not made it right. A spread bet account is usually the quickest way to destroy your savings. Spread betting firms do not just made money from the spread but on our poor sense of judgement and timing.

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Just because it rhymes does not made it right. A spread bet account is usually the quickest way to destroy your savings. Spread betting firms do not just made money from the spread but on our poor sense of judgement and timing.

He was complaining he couldn't get on while the markets were closed Monday. If his judgement and timing were wrong he could lose buying shares.

I have had over 30 financial spread bets so far this year, they are all closed out and 32 showed a profit. The one loser was less than the average win. It can be done.

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