Every European country besides Germany and Switzerland are running the presses as much as the US.
Emerging countries even more. Of the top of my head Russia is expanding their money supply 50%...India 60%...China, Brazil are right there too...however those those countries economies are rapidly expanding
The longterm prospects of all fiat currencies are extremely dim, there is a reason gold is at an all time high VS the Euro
the reason the dollar is tanking is because the US is forced to cut rates while other countries are raising theres, or holding pat.
just a matter of time before the ECB and Canada are forced to lower their rates as well...the French have already said as much
Emerging countries even more. Of the top of my head Russia is expanding their money supply 50%...India 60%...China, Brazil are right there too...however those those countries economies are rapidly expanding
The longterm prospects of all fiat currencies are extremely dim, there is a reason gold is at an all time high VS the Euro
the reason the dollar is tanking is because the US is forced to cut rates while other countries are raising theres, or holding pat.
just a matter of time before the ECB and Canada are forced to lower their rates as well...the French have already said as much
things are just way outta wack in the currency markets with the japan having its interest rates near zero for so long now
with inflationary pressures in so many countries all over, you got 7-9% interest rates in aussie, NZ, and china now
i'm not exactly sure what the conclusion will be once the ballgame ends on the yen carry trade as far as the damage done to currencies but the yen will go up and all other currencies will likely fall....
and along with this i know it won't be pretty on the overall equity markets.
with inflationary pressures in so many countries all over, you got 7-9% interest rates in aussie, NZ, and china now
i'm not exactly sure what the conclusion will be once the ballgame ends on the yen carry trade as far as the damage done to currencies but the yen will go up and all other currencies will likely fall....
and along with this i know it won't be pretty on the overall equity markets.
i'm not heavy on the gold side but i do have some and will always have some i don't really know all the answers and am diversified
if we do have a sharp major swoon down think gold and commodities will go with it and will be a good buying opportunity...
if we do have a sharp major swoon down think gold and commodities will go with it and will be a good buying opportunity...
of course it is romo
you have a certain amount of shares on the equity markets on paper that are worth a certain amount
someone is always holding those shares
say today the total market cap of equities worldwide is 100 trillion
if markets decline by 5%
there is now 95 trillion of wealth in equities
people always get conned into this transfer effect, the money has to go somewhere mentality, pure hogwash
you have a certain amount of shares on the equity markets on paper that are worth a certain amount
someone is always holding those shares
say today the total market cap of equities worldwide is 100 trillion
if markets decline by 5%
there is now 95 trillion of wealth in equities
people always get conned into this transfer effect, the money has to go somewhere mentality, pure hogwash
simple example
say today my company which i own 50% of (like a bill gates scenerio, he dumps shares non stop to the public by the way) is trading at 300 billion market cap
tomorrow it declines to 200 billion
did i lose wealth, was my wealth destroyed? of course
say today my company which i own 50% of (like a bill gates scenerio, he dumps shares non stop to the public by the way) is trading at 300 billion market cap
tomorrow it declines to 200 billion
did i lose wealth, was my wealth destroyed? of course
man gas really spiking now
up to 3.09 nationwide average now
record is 3.227
stagflation here we come
http://www.fuelgaugereport.com/
up to 3.09 nationwide average now
record is 3.227
stagflation here we come
http://www.fuelgaugereport.com/
When wealth is lost temporarily,cuz that really what it is,who pays the price? Stockholders,see charts last few months,and companies,who must react accordingly,all of which is currently happening now.Eventually the sectors struggling the most today will be thriving again,perhaps inflated (pun intended) beyond the levels of the past boom.Thats why panic is useless.Certainly youre not saying this credit crunch is going to inflict mortal wounds are you?
Its amazing you see the printing press,you see the results but you think its all gonna crash and burn.The dollar has been sacrificed-we are going to have to live with this reality.The world is not going to (or be able to) disconnect from the dollar entirely-read above article for one simple explanation,so we'll take what we can from the weak dollar status while it lasts and wait for things to cycle around again.
Here we come.....folks like you have been telling me for awhile its already here,even as 4.9 GDP # are released.Oh I forgot those are manipulated garbage (exc. of course when they begin to reflect the downturn thats going to happen-which was bound to happen,Im sure be youll be posting them in here daily)
You may now finally after crying wolf for so long be right.
since then.....
People like yourself-pseudo economic pundits/conspiracy theorists have been preaching about stagflation along the current run.Its coming ,its coming,your being lied to its already here...blah balh blah-but growth just hasnt subsided to suit your illusion.Finally, you could be on track now.
stagflation=stagnant growth/inflation
Cant have stagflation w/o both halves of the equation buddy.Still doesnt exist even today-Id rather have stagnant growth however than negative growth.Its the downturn,part of a cycle.We'll deal and move on.
Youre like the guy who keeps saying the Pats suck, theyre going to lose every week and every week your wrong until the one week they fail and you rejoice and explain how silly everybody was for betting on them.
