Global Economy Bursting?

[Randolph Kinney]

European Credit Agency Downgrades US Credit Rating from AAA to AA


http://www.businessinsider.com/euro...grades-us-credit-rating-from-aaa-to-aa-2011-6

 

[Randolph Kinney]

Chinese rating agency strips Western nations of AAA status

http://www.telegraph.co.uk/finance/...ncy-strips-Western-nations-of-AAA-status.html

China's leading credit rating agency has stripped America, Britain, Germany and France of their AAA ratings.

 

[Couch Potato]

Chinese rating agency strips Western nations of AAA status

http://www.telegraph.co.uk/finance/...ncy-strips-Western-nations-of-AAA-status.html

China's leading credit rating agency has stripped America, Britain, Germany and France of their AAA ratings.

Shows good sense. :new_all_coholic:

 

[Randolph Kinney]

10 Tipping Points Which Could Plunge The World Into An Economic Nightmare

Read more: http://theeconomiccollapseblog.com/...o-a-horrific-economic-nightmare#ixzz1OpUyWBNg

 

[Randolph Kinney]

A Clear Sign Of Just How Rapidly Sentiment Is Deteriorating

Read more: http://www.businessinsider.com/chart-of-the-day-xly-vs-xdp-2011-6#ixzz1OpVNwhQS

 

[Workbox]

I still think the fed is going to create some kind of QE3. It might not be called that, but it will be something. If the S&P passes the 200 day moving average, we will be in a world of hurt. But there has been too many comments made that indicate there will be some kind of stimulus. They are not coming out and saying out right to the public, but the insiders know. If they do come out with a QE3, it will shoot off the S&P and try to reach 1400, but I think around 1370 it will begin to peter-out and no more stimulus.

Around that range, you folks better take a penalty than end up with nothing on what ever financial plan you may have. Just as many of us appraisers predicted the Real Estate/Lender Bubble. Some are also seeing the same thing again......may many of you have a blessed day.

 

[Workbox]

That trade deficit will get decidedly worse in coming months. OPEC is not producing enough oil and cannot match demand for oil as it is. Any growth in demand for additional oil will show up in price increases as the market rationalizes or allocates supply using the price mechanism.

Food cost will be climbing faster as crop harvests and inventories are falling.

Corn futures reach record; USDA cuts crop outlook

http://www.marketwatch.com/story/co...sda-cuts-crop-outlook-2011-06-09?siteid=nwhpm

The QE's are catching up and it is showing up in inflation.

 

[Terrel L. Shields]

I still think the fed is going to create some kind of QE3. It might not be called that, but it will be something

I would hate to bet against you...

Corn is suffering from the floods. The Midwest, particularly near any flooding river, is hard hit and the crop will decrease.

 

[Couch Potato]

I would hate to bet against you...

Corn is suffering from the floods. The Midwest, particularly near any flooding river, is hard hit and the crop will decrease.

I would think that is obvious to anyone paying attention to the world around them. Even in these modern times natural events have far greater impact on the economy than any government action on the economy.

 

[Big ole Boy]

marry a farmer

...am I right ..... ? our budget was 40% of GDP in 2008 and it is now 69% of GDP in just 3 years .....

.... that kind of acceleration ....

.... means I tell my wife to dump her 401K, take the penalty .... and forget about retirement and just think about how to live off the land and raise our daughter to marry a farmer ....