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Samuel
You are right. Generally the people that think there will be a crash are those with no home, no pensions and no investments. It makes them feel better if they can laught at people whos homes and penions and investments have crashed!!! It is not going to be ALLOWED To happen. Governmnet around the world are committed to averting any more crisis |
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your spot on.... just like Japan!
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Markets remain the same? Gold up rather a lot (which is a measure of how much purchasing power you've really lost rather than a phoney CPI basket).
I see two possibilities: A) They print enough money to prevent CPI deflation and resume the housing bubble. B) They don't print enough money... which route we're on will be apparent by the end of 2010, imo. Either velocity returns (and they have to work out how to take all this money out of the system before CPI inflation occurs) or it doesn't and they keep printing. Either way, blowing more air into debt bubbles won't make us wealthy, it will disguise and postpone the reckoning. It's possible to eek it out over 20 years if they're clever, but Gold will be at $5000/oz by then if they do and bread will cost £30 a loaf... |
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The interesting point, chisel is the idea that governements won't allow it to happen.
The only 'way out' is to borrow more and print more, but that's precisely what causes the problem in the first place. |
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sameul makes a good point.there IS endless talk of the next crash but b4 there was the 2008 crash there was ZERO talk of a crash.Does that mean there wont be a crash ? Based on that part of the evidence yes.
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War is another alternative to get out of trouble. Paying people to produce something that is going to explode and need replacing. Then take the country you have defeated, resources and reparations, and make them use your home companies for the rebuilding work too!
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MrBen, the reason there is talk now is that people learned what they didn't count on in 2007. It's worse now because there are no state bullets left - rates are at zero and the government debt is maxed out. Borrow or print any more and it's Papiermark currency collapse time again. This is why it will be different this time and the sooner we take the real recession and deflation the better.
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goring you can talk and talk . when will this happen exactly ? because people have been saying this since 2008 and were yet to see it . seems like a load of hot air to me
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Funding Cliff is 2012. God knows whats going to happen in 2011 ~ i would surmise that human greed will mean that profits will be maximised until then; and then the blame finger put somewhere else. Japans history isn't a blueprint for me as they had a route out. I can't see a way out with this one but then I'm a cynical (not old) fart now.
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You are right. Generally the people that think there will be a crash are those with no home, no pensions and no investments
I don't think even the morons that inhabit the betfair forums would be daft enough to think there will be a crash and then invest in property pensions and invest in shares. |
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all it is sam..a talking point.
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when will this happen exactly ? because people have been saying this since 2008 and were yet to see it
wow 2 whole years and still no calamities!! looks like we're in the clear for the next century at least!! |
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p.s. 2008 WAS the big crash. we're in the fallout period now if u hadnt noticed. perhaps the 25%(!!!!) cuts passed u by...
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ok so 2008 WAS the crash as you said . where are people getting the idea there'll be another then ?
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its amazing anyone has anywhere to live....lol
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Sir Denis Eton-Hogg Joined: 16 Nov 08
Replies: 5622 13 Jul 10 12:07 when will this happen exactly ? because people have been saying this since 2008 and were yet to see it wow 2 whole years and still no calamities!! looks like we're in the clear for the next century at least!! another moronic comment from eton hogg. samuel is just pointing out there is a lot of talk of another crash, yet market remain flat to up.The point is totally valid.You eton hogg just keep lapping up whatever the media feeds you. |
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This is a BULL market.. make no bones, the only way is up!
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the government is having to take more and more drastic action to keep the stock market from tanking. first slash interest rates, then print money, now cut public spending by 25%. u think this can go on indefinitely??
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Actually Sir Dennis it could go on for a long time yes!! It may have to
Remember , the UK is not the only country in trouble. ! This new governemnt is slashing costs at a rapid rate, and the benefits will soon be seen.. We all need to tighten our belts...And guess what? This is deflationary.. =low rates and high taxes |
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well we cant keep cutting by 25% every few years can we??!
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No , of course not, but the point is that low interest rates and QE should support us whilst times are tough!!. The balance is just about right, and only when GDP is improving by 3% plus a year can they consider relaxing things
Just my opinion Sir Dennis.. I may be wrong |
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where the hell is 3 % + of growth gonna come from?? u cant have real economic growth without cheap energy and we've run out of that
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So, when does the world end again?
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in 10 years time u will think the world has ended, trust me
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whats going to happen eton ?
tell us exactly . or its all bull . |
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Sir Dennis
I have no reason not to trust you , and I am 100% sur ethat you actually believe what you write. I actually do not believe what you write. There is enough money in the UK for us all to share a good life. It just needs to be shared out a little better! 3% growth from a low base is achievable.., I hjust dont think it will happen for some considerable time.. |
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well we cant keep cutting by 25% every few years can we??!
(in the words of mr obama) yes we can. in about 30 years we might have government of an appropriate size. |
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Samuel,
If it were possible to know when to the degree you're looking for, then it wouldn't happen... I'm happy to say that in the next five years, either Gold will be at $5000/oz or the Dow will be at 5000. |
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Goring!!
Please!!??? Dont be so daft ...Neither will happen |
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Well, I think the numbers will cross at least once, how's that. You're entitled to disagree of course...
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Sky News - Seven out of 91 European banks fail stress tests on ability to cope with a new economic crisis.
I think we'll be OK. Lot of scaremongering with no facts to back it up. |
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yep...we;ll live.
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Crash of 2015 Won't Wait for Regulators to Rein in Wall Street
Well, Jamie Dimon has put a date on it for you - within five years... http://www.bloomberg.com/news/2010-08-09/crash-of-2015-won-t-wait-for-regulators-to-buckle-wall-street-safety-belts.html |
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The Dodd-Frank Act requires 67 studies and 243 new rules to be created, according to law firm Davis Polk & Wardwell LLP. The act creates a Financial Stability Oversight Council with 10 voting members, including a to-be-named insurance expert and heads of at least 3 regulatory agencies awaiting new leaders. The law’s Volcker rule, which bans banks from proprietary trading and limits investments in private equity and hedge funds, requires a study by the council before rules are drafted.
Unbelieveable !! One day , they might learn.... |
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Yeah right? Crazy. More and more levels of bureaucracy and jobs for sub-standard civil servants.
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Seven out of 91 European banks fail stress tests on ability to cope with a new economic crisis.
seeing how they coped with the last economic crisis i find this implausible |
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the double dip will eventually even out when mortgages are at 4 times annual salary level, or indeed lower, starting now and will continue for about 3 years, hth.
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dow up to over 11,000 again the other day , still waiting for this crash u keep harping on about gents , been waiting since 2008 wouldn't want to be holding breath would u !!
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Money has to go somewhere. The economy is being artificially propped up by the creation of new money from nothing, Ludicrously low interest rates and untold billions to banks in bail out money. The crash should have happened in the 90s, but has beeen postponed by these kinds on interventions. Soon, no interventions will be left and there will be a global meltdown.
Some good articles on the coming economic Armageddon, here: http://www.shtfplan.com/ |