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Economic Update - Views from economists




ashedfc
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Member since: Jun 10




Posts: 2153
Location: GTA


Mr Manchu,
Yes, it panic driven true - but this is the reality. Wait till the reality sets in, if you don't prepare yourself (you blame anybody else).
Ask a home-owner in California, Nevada, Michigan, etc.
WE are witnessing inflation in emerging markets & deflation in developed world, so its really very very scary, when you dig into the reality of what's in store for the economy.

Look at 1929 (much before we all were born), the recession sets in, markets fall, than recover over 70%, & then the next fall which just wiped out a whole lot of asset class. If history is an evidence, than you will get the clear message.

Right now we have mind-boggling debt in the developed world. Do some analysis, you will understand, where the real economy takes you. Good Luck.


 
Post ID: 169445 12-08-10 14:02:20
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ashedfc
Senior Desi
Member since: Jun 10




Posts: 2153
Location: GTA


YES - its True (it looks misleading). But my friend this is the fact.
In 1930, markets went up after the meltdown like crazy, & then the real crash happened, which we call The Great Depression.

Here is something worth listening.
http://online.wsj.com/video/the-big-interview-with-david-rosenberg/156FFDD8-BB91-4C48-BF9C-91397BE10A0D.html


 
Post ID: 169497 13-08-10 13:45:22
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ashedfc
Senior Desi
Member since: Jun 10




Posts: 2153
Location: GTA

By Eric Sprott
Fooled by stimulus.
http://www.industrymailout.com/Industry/View.aspx?id=219353&q=228529858&qz=fbd843


 
Post ID: 169528 14-08-10 09:27:42
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Nightmare
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Member since: Apr 06




Posts: 1170
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A party of economists was climbing in the Alps . After several hours they became hopelessly lost. One of them studied the map for some time, turning it up and down, sighting on distant landmarks, consulting his compass, and finally the sun.

Finally he said, ' OK see that big mountain over there?'

'Yes', answered the others eagerly.

'Well, according to the map, we're standing on top of it.'

Hope now you would understand that why should one not read an economist. Problem is compounded by zealous democrat morons of Obama clan clamoring for more stimuli without anybody really asking where the stimulus money going. 50% goes to support the Government employees who are most unproductive! I read somewhere that in the initial phase of stimulus, USA govt sent the cheques to US taxpayers. Large amount of that money went in to buying flat screen TV imported from China.

Arnold Toynbee, the famous historian once said that if you do the autopsy of all the great civilization of the past, you would find that they commit suicide. I think USA is rushing on the same course by electing Obama. What the USA and the world need is another Reagan or else we are doomed.



 
Post ID: 169529 14-08-10 10:26:09
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ashedfc
Senior Desi
Member since: Jun 10




Posts: 2153
Location: GTA


No, my friend, USA is rushing on the path of Japan.
japan is struggling through deflation for over a decades now. This is what is in store for US, & maybe rest of the developed world. Mounting deficit & deflation.
Central banks trying to stimulate economy, have already piled up (& are continuing to pile up even more) debts, where the interest payments itself will be more than the entire Govt. revenue.
Some reports, are they will devalue the US dollar to pay interest on debt in the future devalued dollar. So where is the safe heaven (hedge against US dollar).


 
Post ID: 169560 14-08-10 20:39:30
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ashedfc
Senior Desi
Member since: Jun 10




Posts: 2153
Location: GTA


Malaysia looks to ancient alternative currency - gold

http://blogs.ft.com/beyond-brics/2010/08/13/malaysia-looks-to-ancient-alternative-currency-gold/


 
Post ID: 169812 18-08-10 08:29:20
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ashedfc
Senior Desi
Member since: Jun 10




Posts: 2153
Location: GTA


Canadian Report - everyone should atleast have a look at the details.

http://www.scribd.com/doc/36097163/A-Canadian-Leading-Indicator


 
Last edited by: ashedfc on 19-08-10 14:12:43
Post ID: 169867 18-08-10 17:54:18
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ashedfc
Senior Desi
Member since: Jun 10




Posts: 2153
Location: GTA


China's diversification (away from US dollar) means ..................

http://www.zerohedge.com/sites/default/files/FarosSpecialReport081910.pdf


 
Post ID: 169953 19-08-10 17:59:52
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ashedfc
Senior Desi
Member since: Jun 10




Posts: 2153
Location: GTA


Gold idealy positioned to be heading for the next big parabolic rise.

http://research.dundeesecurities.com/Research/Incubator081810.pdf


 
Post ID: 169998 19-08-10 22:24:28
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ashedfc
Senior Desi
Member since: Jun 10




Posts: 2153
Location: GTA

ShoreBank, Chicago, Illinois, was closed today
ShoreBank, Chicago, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
(this happens every friday, & on monday when the bank opens its FDIC managed which in itself is running bankrupt, negative balance)

http://www.fdic.gov/news/news/press/2010/pr10193.html

&

http://www.zerohedge.com/article/failure-obamas-pet-shorebank-costs-taxpayers-368-million-which-immediately-goes-goldman-sach

Many more to go before this credit crisis gets over......


 
Post ID: 170139 20-08-10 21:32:39
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