Film Noir Buff Style Forum / How Low will it Go? (Dow touched down to 7882 so far)

g- · 2011-10-19 10:43:15

Last edited by g- (2011-10-19 10:48:54)

4F Hepcat · 2011-10-22 03:14:34

4F Hepcat · 2011-11-01 00:16:34

The first domino is about to fall, then watch all the CDS ungainly unravel and destroy the city of London and Wall Street, then we shall learn the true poverty of not having a manufacturing back bone to our economies. Meanwhile in Europe, the spectre of fascism will return all too soon, my prediction remains that Italy is the critical fault line that will embrace the jack boot first:

http://www.telegraph.co.uk/finance/financialcrisis/8861161/Greece-to-hold-referendum-on-EU-debt-deal.html

Big Tony · 2011-11-04 07:45:49

Capitalism and socialism are not two sides of the same coin.

EDIT: remove snark

Last edited by Big Tony (2011-11-04 07:49:27)

4F Hepcat · 2011-11-04 15:02:27

Somehow I expected more postings on this topic, especially with the proverbial at long bloody last about to hit the fan.

JDelage appeared to have some insider knowledge, I was hoping he would enlighten us on what to do next? Max out the credit cards, buy gold and guns? Or is he already in his bunker?

JDelage · 2011-11-04 16:01:20

I'm still here. I admit having been caught by surprise by the Euro crisis happening before a US crisis. I knew there were shenanigans with Greece, but I thought Europe would react better. They were given a choice between letting Greece default or bailing it out by monetizing the debt. They chose to bail out and they will have a default.

The US is enjoying the shift of the spotlights on Europe, but that doesn't change the fact that the situation is dreadful here. Everybody is talking about taxing the "rich", forgetting that the wealth of the top 1% is largely concentrated in the top 0.1%, that is to say 20,000 to 30,000 people, who have the ability to relocate with their money on a moment notice, leaving behind the much less wealthy lawyers, doctors, and middle managers that constitute the rest of the 1%, with comparatively small amounts of wealth - $1M to $5M say.

I'd like to see someone (smarter & more ambitious than the average) in the occupy WS movement circulate a "No bailout pledge", a la Norquist. I'd promote it.

formby · 2011-11-08 07:41:48

BBC 'cracks' the cost of petrol/diesel...

http://www.bbc.co.uk/news/business-15462923

JDelage · 2011-11-09 07:07:13

Italian bond yields reached 7% this am. The consensus seems to be that if this goes on, Italy will have to default.

Big Tony · 2011-11-09 07:12:49

JDelage · 2011-11-09 07:20:29

As a French guy, I check the French media regularly. The "best" newspaper in France is Le Monde, which is left-of-center but otherwise has a solid reputation. The Italian bond yield was nowhere to be seen on their homepage today. In contrast, it was the top item on the FT and the WSJ.

The French media is taking its readers for dummies and/or following requests from the gvt not to mention bad news. That tells me that the situation is very serious indeed.

Big Tony · 2011-11-09 10:13:55

4F Hepcat · 2011-11-09 12:35:06

4F Hepcat · 2011-11-09 12:36:51

Big Tony · 2011-11-18 07:31:51

JDelage · 2011-11-18 08:26:01

Reading "Boomerang" by Michael Lewis. Very interesting and entertaining.

Big Tony · 2011-11-21 07:27:33

Big Tony · 2011-11-21 07:32:02

Big Tony · 2011-11-21 15:19:08

4F Hepcat · 2011-12-11 02:34:30

Faisal Islam on David Camerons veto, well at least he kept the 1922 Committee happy:

http://blogs.channel4.com/faisal-islam-on-economics/ten-curiosities-about-david-camerons-veto/15844

Other reports in editorials today, state Cameron's antics have alienated the US as well. And yet others compare him with Thatcher.

One thing for sure, the Eurosceptics will accept nothing short of a full withdraw from Europe now, to be replaced by a union of Commonwealth English speaking nations with the stoic Brits at the head of the table. I wonder how the Aussies and the US feel about this?

Last edited by 4F Hepcat (2011-12-11 02:49:20)

formby · 2011-12-11 05:05:45

Big Tony · 2011-12-11 08:00:17

One of my clients said to me the other day: "Until recently, I used to think the Europeans were really smart..."

JDelage · 2011-12-11 08:46:24

I recommend Megan McArdle's blog at The Atlantic for her analysis of the Euro difficulties. She's a bit of a leftist (but then, to me, most everybody is), but she's spot on regarding the analysis of the problem. (She's a pretty good econ journalist overall.)

http://www.theatlantic.com/megan-mcardle

4F Hepcat · 2011-12-11 23:15:46

Big Tony · 2011-12-16 09:30:57

fxh · 2011-12-16 16:06:45

#776 2011-10-19 10:43:15

Re: How Low will it Go? (Dow touched down to 7882 so far)

#777 2011-10-22 03:14:34

Re: How Low will it Go? (Dow touched down to 7882 so far)

#778 2011-11-01 00:16:34

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#779 2011-11-04 07:45:49

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#780 2011-11-04 15:02:27

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#781 2011-11-04 16:01:20

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#782 2011-11-08 07:41:48

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#783 2011-11-09 07:07:13

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#784 2011-11-09 07:12:49

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#785 2011-11-09 07:20:29

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#786 2011-11-09 10:13:55

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#787 2011-11-09 12:35:06

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#788 2011-11-09 12:36:51

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#789 2011-11-18 07:31:51

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#790 2011-11-18 08:26:01

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#791 2011-11-21 07:27:33

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#792 2011-11-21 07:32:02

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#793 2011-11-21 15:19:08

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#794 2011-12-11 02:34:30

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#795 2011-12-11 05:05:45

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#796 2011-12-11 08:00:17

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#797 2011-12-11 08:46:24

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#798 2011-12-11 23:15:46

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#799 2011-12-16 09:30:57

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#800 2011-12-16 16:06:45

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