Global Economy Bursting?

[Workbox]

Media is reporting civil war in Libya and it may spread out. I thought it was already in civil war. :laugh: I think this is a good study of how the media hype has effect on the masses and wonder how it will effect the markets? We will see tomorrow.

 

[Randolph Kinney]

The 2008 crash isn’t over, only covered up

http://www.marketwatch.com/story/the-2008-crash-isnt-over-only-covered-up-2011-03-08?siteid=nbkh

This guy seems to think the worst is yet to come.

 

[Couch Potato]

I agree the worst is yet to come. As long as those in Congress see their number one job as returning to office in the next election, the situation will only get worse. We need to end the welfare system for everyone over 65, and we need to end it now. We simply don't produce enough wealth to guarantee everyone retirement with health benefits. This fact has been obvious for more than 40 years, yet Congress won't do what needs to be done.

 

[Restrain]

The media and pundits are whining about the "disappearing middle" with a more polarized left/right split. The problem is that much of what we're dealing with is the result of the "middle ground", the "gentlemen's club approach" in state houses and Washington. People are tired of the go along/get along approach and want their Reps/Sens to actually stand for something, one way or the other. We saw that in 2010, and I believe that more "moderates" will be swept out in 2012.

For us down here, well down the pecking order, all we can do is clear our debt and plan for the worst, while hoping for the best. Pay off the credit cards, pay off the car, don't buy what you can't pay cash for. Financial gurus will whine about a declining level of spending hurting the economy, but you can smile as you look at your savings and investments instead of credit card bills.

 

[Randolph Kinney]

Public Union Collective Bargaining Explained

 

[Workbox]

The 2008 crash isn’t over, only covered up

http://www.marketwatch.com/story/the-2008-crash-isnt-over-only-covered-up-2011-03-08?siteid=nbkh

This guy seems to think the worst is yet to come.

History repeating its self and I still wonder why many are not in jail. Yes, I really believe the worst is yet to come and many are being set up to fail, again.

QE3 is around the corner, around June/July I am estimating and that means inflation. But the minute China demand higher interest rates, watch out folks!

My in-law were in Mexico and were having a hard time trying to exchange dollars. Not a good sign.

 

[Workbox]

US UK, French forces land in Libya

http://pakobserver.net/detailnews.asp?id=78009

US and other countries are advising the rebels. Maybe another excuse to dominate an oil producing country.

The validity of the report is still questionable.

 

[Couch Potato]

If it is in the Pakistan Observer it must be true.

 

[JSmith43]

The 2008 crash isn’t over, only covered up

http://www.marketwatch.com/story/the-2008-crash-isnt-over-only-covered-up-2011-03-08?siteid=nbkh

This guy seems to think the worst is yet to come.

Count how many times the guy used the term "Reaganomics Brain ideologues" in the article:new_smile-l:

One thing he got right, Paulson rolled Bush & the US taxpayer for the sake of his buddies & legacy foreign bond holders.

'm sure Barney & Chris were Reaganomics Brain ideologues all the way.....not!

The CRA and other tur ds in the punch bowl were laid there long ago, fermenting and slowly poisoning the goose that laid the golden eggs.

 

[Terrel L. Shields]

The idea that this was the result of Reaganomics is absurd. The issue of fannie mae didn't blow up until the 90s. Before then every HO had to put up 6% or more cash on the barrel head. Trying to increase home ownership by putting poor people in houses that they could not afford was the issue....and subprime? Should never have happened...should be outlawed.

Further, another of those Baby Ruth Floaters was the hiring of Physics Phd. "Quants" who created elegant "efficent market" formulas to slice dice and divvy up the tranches in securties that masked themselves as AAA rated when they were as NN Taleb described Fannie mae in 2005 "sitting on a keg of dynamite"...