Thursday, Nov 19, 2009

Are we really in recovery? Soc Gen sounds the alarm, again.

Further take on Society Generale's global collapse warning.
Follows on from Devo's post last night.

Posted by will @ 02:11 AM (998 views)
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1. 51ck-6-51x said...

It seems that the world is screaming out that we are witnessing a second asset bubble which will have to pop, but if the world's money were screaming the same then we would be witnessing a crash right now. That aside I agree with the tone of the analysis I would note that it is usually a technological advancement that brings us out a hole like this and that we should not underestimate our ability in this field, it's what we humans do best ( well, apart from consuming maybe ;p ).

It's always good financial advice that one should think about a worst case scenario short of The End Of The World of finance*
- that is, there is no point in paying to protect oneself against financial loss in an outcome where capital has no value.

* Sorry, a poor attempt at paraphrasing South Park's "World of Warcraft" episode.

Thursday, November 19, 2009 10:24AM Report Comment

2. down wave said...

Gold has doubled in value in the past 2 years or so. Food is approaching a doubling. A Fray Bentos steak & kidney pie cost about a £1.00 a year back, I have just paid £1.82 for one. Bread has also doubled alongside gold, now a quality loaf of bread from my local bakers cost £1.60, can't afford to feed the crusts to the birds now.

It is truly diabolical what Nu labour have done to our country, moreover, I am sick to death of seeing G. Browns face on the T.V. news every day.

Thursday, November 19, 2009 12:49PM Report Comment

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