[marmico]

Put up your 100 best posts of the ~21,600 thus far, pstarr, so the 0.46% of the cereal is separated from the 99.54% of the chaff. Most of your stuff is 90% copy of another commentator with a 10% riposte, in any event.

I'll go head to head on your best 100. Now do you make statements that can be empirically falsified or do you just make doom porn.

Yawn.

[onlooker]

Yes P, but the elites set up the table you may say. They provide the liquidity, they speculate in the markets creating the bubbles and ponzi schemes. They emit exaggerated optimistic news to create the furor to nourish the bubbles. Tell me how the average American being duped into mortgages they could not pay, or investing in the Stock market or other ploys are not examples of the masses being suckered, tricked and duped by the Masters. Not to mention the gradual impoverishment of the Western masses via excessive debt, downsizing and exporting of jobs, and other insidiously subtle examples.

[ennui2]

Greece, Spain, Italy Portugal, Ireland and the rest all went through a manic housing boom just the same as the US. And when that boom failed so did household accounts and the banks that held them.

Finally you see the light! Credit crisis did it, not peak oil. Thanks for coming over to my way of thinking.

Tell me how the average American being duped into mortgages they could not pay

Sorry to disrupt the anti-establishment party going on here, but if something seems too good to be true, it usually is. Those who signed those liar loans were part of the problem due to their rank stupidity. The fine-print with the ARM resets was in there. They chose not to read it.

[onlooker]

So your absolving the issuers of the loans?

[onlooker]

http://www.zerohedge.com/news/2016-03-0 ... lth-effect
See what I am talking about setting up the table.

[ennui2]

http://www.zerohedge.com/news/2016-03-09/former-fed-president-we-injected-cocaine-and-heroin-system-create-wealth-effect
See what I am talking about setting up the table.

There you go linking to Zerohedge yet again.

I'm sorry. My sense of ethics and my finger-pointing style just doesn't jive with yours. I believe people should exercise personal responsibility for big decisions like signing a mortgage. People should be treated like grownups and not helpless children who need to be shielded and coddled and protected from stupid mistakes. If they make a bad decision, it's really their fault. Does that mean the ratings agencies should have cleared these lenders who couldn't afford the payments? No. Does it mean this bad paper should have been sold upstream and create a cluster-F? No. But it's not a simple black-hat white-hat situation of "banksters = evil and everyone else = innocent victims". It took two to tango.

[americandream]

Zerohedge is a zerohedge. He would not be able to hedge his way out of a paper bag frankly. His understanding is peripheral.

[Shaved Monkey]

Love this quote in an article on the currency wars driven by money printing,to devalue currency and drop interest rates.

Even former US central bank officials have their doubts.
Richard Fisher, the outspoken former head of the Federal Reserve Bank of Dallas, said in a television interview on Wednesday night that the US Federal Reserve "injected cocaine and heroin into the system" to push up asset prices in the hope of triggering a wealth effect. Now, he said, "we are maintaining it with Ritalin".

And economists, who have long hero-worshipped central bankers for rescuing the global economy from a deep recession after the financial crisis, have started to question whether they're now overstepping the mark.
Some even contend that their policies are stoking the next financial crisis.

http://www.afr.com/opinion/columnists/g ... 309-gnf354

[americandream]

Hahaha. Blind leading the blind.

[dolanbaker]

Someone may have already posted this, but here it is anyway.

http://www.voxeu.org/article/shrinking-planetary-gdp
Presenting the October 2015 IMF World Economic Outlook, Maurice Obstfeld (2015) identified the fall of commodity prices as one of the powerful forces shaping the outlook for the world economy. The strength of this force, however, is underestimated by the official forecasts in the IMF’s flagship publication. As illustrated in Figure 1 the IMF world economic outlook database reports a reduction of Gross Planet Product (GPP) for the year 2015 by -3,8 trillion dollar (-4.9%). A nominal reduction of GPP of this size has occurred only once since 1980 (the starting year of the IMF database), namely at the start of the Great Recession when GPP contracted by -5.3%. Table 1 illustrates that all previous contractions of nominal GPP are associated with major crises in the world economy.

[americandream]

Capitalism is one endless crisis...the constant quest for accumulation and its cyclical state. Some cycles are more pronounced than others during phases of market loss as we have now with the failed state scenario in the ME, the loss of commodity importers and the flow on effect. But beyond that, this is not a terminal contraction. More a sort of adjustment as latent contradictions in the system are eliminated. Protectionism for example. Then you have market adjustments due for regions that are hard to absorb. The world has more or less charted an erratic course with globalisation since the end of the Cold War with a brief burst of social engineering when vast sums were made available to the eastern bloc in a bid to hasten the emergence of a bourgeoisie class. We are now in full adjustment mode, the honeymoon is over and the next and impending cycle is likely to include some significant conflict, of the military kind in the ME and of the trade kind with the Far East. Massive demographic dislocation, huge instability until the next US elections and beyond.

[onlooker]

http://www.shtfplan.com/headline-news/t ... p_03092016
Walmart customers to broke to shop. Even the cheap products of
Walmart. Oh and remind those who point out that online shopping is going strong, the actual stores that have been closing are what mostly employed many people.

[americandream]

http://www.shtfplan.com/headline-news/this-is-how-bad-the-economy-really-is-walmart-customers-are-too-broke-to-shop_03092016
Walmart customers to broke to shop. Even the cheap products of
Walmart. Oh and remind those who point out that online shopping is going strong, the actual stores that have been closing are what mostly employed many people.

The online investment monies are presently in India which is taking off from where China has left off. The American market (being a mature market) will possibly move to top tier consumerism...the working class are too insecure for the moment. Trump of course may bring temporary relief.

[dolanbaker]

Trump of course may bring temporary relief.

Sounds like an advert for haemorrhoid cream!

[onlooker]

Trump of course may bring temporary relief.

Sounds like an advert for haemorrhoid cream!

[Outcast_Searcher]

Zerohedge is a zerohedge. He would not be able to hedge his way out of a paper bag frankly. His understanding is peripheral.

This is why financial bloggers (newsletter writers prior to the web being popular) blog. If they were such geniuses at finance, they'd simply follow their own advice and get rich. And yet, somehow, they need to crank out those "articles" with random advice and predictions year after year (and even decade after decade) to pay the rent.

The really sad part is that more investors don't objectively look at their pathetic to random long term track records vs. their advice/predictions, and refuse to pay for their stuff.

Oh well. We keep electing the same crooked and incompetent and lying politicians, so what else is new? (If Trump wins, IMO, he'll just be a different type of screw-up. Meet the new boss, same as the old boss).

Naturally, the hard core short term community on this site LOVES zerohedge since they constantly issue doomer porn. Never mind that they're wrong well over 95% of the time, and much of what they post is completely absurd.

[Outcast_Searcher]

http://www.shtfplan.com/headline-news/this-is-how-bad-the-economy-really-is-walmart-customers-are-too-broke-to-shop_03092016
Walmart customers to broke to shop. Even the cheap products of
Walmart. Oh and remind those who point out that online shopping is going strong, the actual stores that have been closing are what mostly employed many people.

The online investment monies are presently in India which is taking off from where China has left off. The American market (being a mature market) will possibly move to top tier consumerism...the working class are too insecure for the moment. Trump of course may bring temporary relief.

Yeah, this sounds like pstarr claiming people can't buy oil products for a half to third of what they cost in recent years, even as US GDP increases, housing and rent costs increase, people buy 17.5 million new cars a year, moving to bigger models due to "cheap gas", etc.

Even as, for example, I see that the US jobless rate improves again. (People with jobs can shop at Walmart. And before someone (falsely) says 100 million people are unemployed, people on Social Security, pensions, etc. can also shop at Walmart).

http://www.reuters.com/article/us-usa-e ... SKCN0WC1N8

[americandream]

http://www.shtfplan.com/headline-news/this-is-how-bad-the-economy-really-is-walmart-customers-are-too-broke-to-shop_03092016
Walmart customers to broke to shop. Even the cheap products of
Walmart. Oh and remind those who point out that online shopping is going strong, the actual stores that have been closing are what mostly employed many people.

The online investment monies are presently in India which is taking off from where China has left off. The American market (being a mature market) will possibly move to top tier consumerism...the working class are too insecure for the moment. Trump of course may bring temporary relief.

Yeah, this sounds like pstarr claiming people can't buy oil products for a half to third of what they cost in recent years, even as US GDP increases, housing and rent costs increase, people buy 17.5 million new cars a year, moving to bigger models due to "cheap gas", etc.

Even as, for example, I see that the US jobless rate improves again. (People with jobs can shop at Walmart. And before someone (falsely) says 100 million people are unemployed, people on Social Security, pensions, etc. can also shop at Walmart).

http://www.reuters.com/article/us-usa-e ... SKCN0WC1N8

Personally my only concern is the Saudis and Islam as well as climate. The former is placing an inordinate burden on the rest of the globe with arse behaviour whilst the latter is something we need to corral business around to set the ball rolling for a new set of cultural relations which can serve as a basis for us to develop around and into, . I am reasonably sanguine that apart from those two, much of the turmoil in capitalism is currently cyclical. I daren't say this too often (for the moment as I work on a less emotional style) as it gets some of the hysterical lot on here into a right lather.

[onlooker]

http://www.zerohedge.com/news/2016-10-0 ... al-economy

The investment world has an embarrassingly short attention span. But frankly, it is a necessity. If daytraders, hedge funds and other horses in the carousel actually had to look beyond the next week of market activity or study back on market history in comparison to today, then they would not be able to retain their blind optimism, which is exactly what is necessary for them to continue functioning. If they were all to examine the global financial situation with any honesty, the entire facade would collapse tomorrow.

At bottom, it is not central bank stimulus and intervention alone that drives equities and bond markets; it is the naive faith and willful ignorance of average market participants. There is a problem with this kind of economic model, however. Reality is never kept in check indefinitely. Fiscal truths will be exposed, one way or another.

How does one know when this full spectrum shift in awareness will occur?

In my humble opinion three possible catalysts to initiate a full scale financial meltdown are the following: First, too many players losing out or being marginalized. Second, some external event like a warlike conflict, a damaging revelation , a cyber error or hacking attack etc. Third, an insider trading move by the top investors ie. investment house to crash markets and come out on top when the dust settles.