Thursday, Nov 19, 2009

Are we really in recovery?

FNArean.com: 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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2 Comments

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. e.eg. 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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