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Mitch Feierstein On Keiser Report Talking About Hpc In Uk

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Posted already in the "Max Keiser Discussion" thread, which sorta petered out.

Driving through London and seeing the scale of new development, it does remind me of images of Spain/Ireland in the building frenzy just before their crash. But where's the trigger? I think it'll take a real bankruptcy or bank collapse before they have to stop with the lies and the leveraging.

Edited by thehowler

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Posted already in the "Max Keiser Discussion" thread, which sorta petered out.

Driving through London and seeing the scale of new development, it does remind me of images of Spain/Ireland in the building frenzy just before their crash. But where's the trigger? I think it'll take a real bankruptcy or bank collapse before they have to stop with the lies and the leveraging.

Sterling currency crisis

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Posted already in the "Max Keiser Discussion" thread, which sorta petered out.

Driving through London and seeing the scale of new development, it does remind me of images of Spain/Ireland in the building frenzy just before their crash. But where's the trigger? I think it'll take a real bankruptcy or bank collapse before they have to stop with the lies and the leveraging.

Did you see the FT article about their being 52,000 properties being built in a pretty small area of London alone?

http://www.ft.com/cms/s/0/79196466-a576-11e4-ad35-00144feab7de.html

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The thing I found interesting was that Mark Carney is influential on the "Risk Board"...

I think this is the organisation in question:

https://www.esrb.europa.eu/about/background/html/index.en.html

I don't know much about it. Is it really all about regulating derivatives - as Max & guest suggested?

Edited by A.steve

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Well, the thread did run out of steam but maybe there was some life left in it after all...

I've read Planet Ponzi and yes, it is all a bit sometime-but-when, but let's face it, so is the Keiser Report. Going back to my original point, I see the abstract and the real as the iceberg in the fog with these events, the abstract being the media, sentiment, VIs, expectations, fear and that whole swirling what-if ness of current affairs, and then there's the real. The real is when somebody can't pay the cleaners and they have to put their hands up, it's Lehmans with their $130 billion bust, it's when they shut the doors and the whole leverage fairydust hokum has to end. Up until that last, savage, icepick-in-the-forehead reveal of the wolverine real, joe public will keep taking the imaginary personal loans and saying it's quite normal for a modest terrace house to cost a million. But you need an event, a bankruptcy or crisis to break the spell.

Look at the terror as we inched closer to the real with Greece last week...

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