Global Economy Bursting?

[Terrel L. Shields]

nationalize all oil companies

actually the more regulation, the higher the price and the better it is to work in the oil business. It was when Reagan deregulated oil that prices shot up for about 60 days and then everyone realized the Emporer had no clothes...the price slide. Ted Kennedy predicted it would go to $200 a bbl (1980 inflation adjusted) and he didn't live long enough to see that.

 

[Randolph Kinney]

Inflation Speeds Up In Europe Forcing Trichet To Strike Again

Read more: http://www.businessinsider.com/eurozone-inflation-april-2011-4#ixzz1L70F5EDp

 

[Randolph Kinney]

China Is On The Brink Of A Huge Yuan Revaluation

Read more: http://www.businessinsider.com/china-yuan-revaluation-2011-4#ixzz1L729r0oQ

Uh-oh, that will change trade flows and investment flows. Gold, oil, wheat, etc., just got cheaper for the Chinese.

 

[Terrel L. Shields]

OK - QE2 ends in June. China stops buying treasuries, Japan can't buy them as they reconstruct the N part of the nation. Oil goes ballistic, commodities go balistic... Now what Kemo sabe?

 

[Randolph Kinney]

Meanwhile, the political season is upon US and we act like we really care about debt and deficit spending and dance the silly dance of government shut down.

Europe is like a boil ready to pop. The ECB is forced to raise interest rates as Ireland and Greece go under, restructuring their debt.

GDP is falling. The FED can't help. Wars are still going. How long can it last?

 

[Riick]

GDP is falling. The FED can't help. Wars are still going. How long can it last?

The sky is falling..............The sky is falling

Just like it fell before

1929 - Stock Market Crashes
1939 - Hitler Invades
1941 - Pearl Harbor
1957 - UAW Strikes against automation @ Ford, GM & Chrysler
1973 - Oil Crisis
198X - Latin America - Government Debt Crisis
199x - Japan's Asset Bubble Collapses
1997 - Asian Financial Crisis - Currencies Collapse
2001 - Dot Com Stock Market Bust
2007 - SUBPRIME MORTGAGE CRISIS

/

 

[Randolph Kinney]

Silver plunges more than 10% in early Asia trade

Silver prices fell sharply in early Monday trading in Asia, with the spot price plunging more than 10% in a matter of minutes, according to Kitco data. By 9:30 a.m. Sydney time (7:30 p.m. U.S. Eastern time), spot silver traded at $43.63 an ounce, recovering from below the $43 level earlier in the day. At one point early Monday, the price dove 12% within 11 minutes, according to Dow Jones Newswires, which put the intraday high at $48.15 before a plunge to $42.21. Some reports pointed to low volume, due to holidays in some markets Monday, as exaggerating the move, and said the sharp drop pointed to a speculative move against the silver price. On the futures market, silver for July delivery was down 9.6% at $43.965.

 

[Randolph Kinney]

There is a limit to how much money an individual or country can borrow. The end result is a restructuring of the debt (default by one of several means, including serious inflation) or a very reduced standard of living (by previous standards) for a period of time in order to service the debt. For countries it means reduced government programs and benefits, and higher taxes. For markets, it means volatility and crisis as investment flows in and out of safe havens and hedges. For individuals, a falling standard of living and inflation. The way out is for debt and deficits to grow less than nominal GDP (real GDP plus inflation). Inflation is a key component and price is the mechanism that transmits and distributes that burden to both savers and consumers, to individuals and to countries.

 

[Couch Potato]

Silver plunges more than 10% in early Asia trade

Silver prices fell sharply in early Monday trading in Asia, with the spot price plunging more than 10% in a matter of minutes, according to Kitco data. By 9:30 a.m. Sydney time (7:30 p.m. U.S. Eastern time), spot silver traded at $43.63 an ounce, recovering from below the $43 level earlier in the day. At one point early Monday, the price dove 12% within 11 minutes, according to Dow Jones Newswires, which put the intraday high at $48.15 before a plunge to $42.21. Some reports pointed to low volume, due to holidays in some markets Monday, as exaggerating the move, and said the sharp drop pointed to a speculative move against the silver price. On the futures market, silver for July delivery was down 9.6% at $43.965.

POP goes the bubble. :new_all_coholic:

Silver is susceptible to wild swings in price due to the limited size of the market. It could easily jump back up to $50 or fall on down to $30.

 

[Big ole Boy]

The sky is falling..............The sky is falling

Just like it fell before

1929 - Stock Market Crashes
1939 - Hitler Invades
1941 - Pearl Harbor
1957 - UAW Strikes against automation @ Ford, GM & Chrysler
1973 - Oil Crisis
198X - Latin America - Government Debt Crisis
199x - Japan's Asset Bubble Collapses
1997 - Asian Financial Crisis - Currencies Collapse
2001 - Dot Com Stock Market Bust
2007 - SUBPRIME MORTGAGE CRISIS

/

.... a couple of years ago ... I would here people say ..... "The economy will recover, it always does" ..........

........... a more accurate statment... would be ...... "the economy will recover, because it always has within the past 100 years ......

.... to say the economy will recover, it always does ........ is to predict the future ...

.... "the economy will recover, because it always has" ...... is another misleading statement ....

..... economies, are not entitlements ..... people who believe that invariably that economies will get better because they always have ........ is a short circuit that has no sentient quantity .....

..... our economic strength ....... is not a majical entitlement or inheritance .....

...