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I moved to Sing in early '98 just after the Asian currency debacle. Had several interviews with major banks who said they would hire me in a heartbeat if they could, but they were in panicked retrenchment. About 3 months after I left in mid 98 they started hiring like mad, especially expats that...

OK, several points here. To answer the thread you tried to answer from thriftybob, US bonds and the dollar have value based on what the rest of the world thinks much more so than the taxing ability of the US gov nowadays. The econ 101 books are a bit outdated now. Ironically enough as it may...

Don't know about offices, but Mall space is certainly going to drop in price. I see boarded up store locations in malls all over the place in Socal. It doesn't help at all when retail sales get hammered. Mervyns - gone, Mrs Fields - gone, Bed Bath Beyond - gone, Circuit City, possibly gone...

Many years down the road you may be correct. But China is VERY dependent on their export engine in the near term. They absolutely need the US for this, and they know it. As stated in my previous post, there is no way the rest of the world can substitute for a significant drop in US trade...

As in jack them up? No, absolutely not. Deflation and contraction are the real risks now. Interest rates will remain low, and spending will be massive, by other countries as well as ourselves. There is a real risk of hyper inflation down the road; however, since we will be printing so...

I rarely post shit like you do. Just for the hell of it, I took a look at your last 20 posts. They were all political gems like this one: What is that famous saying? "All we have to fear is the fear that the right-wing losers vomit all over America"! Loads of value there Einstein...

I agree with some aspects of this post such as the decrease in standard of living in debtor nations such as the US. But back to your original post, it will be many years before China will be able to shift to a consumption society for various reasons. Roubini thinks it will take decades (I can...

How does a Yuan appreciation help the Chinese population if none of them have jobs? Their economy is overwhelmingly based on cheap exports. The Chinese government has been doing everything they can to avoid Yuan appreciation because they are having a hard time employing the populace as it is...

Are you on drugs? China is an export dependent economy. Guess who buys craploads of their stuff? As shown by this global meltdown, it is still the US health that has an overwhelming influence on the world. Not because it is the reserve currency, but because the US trades massively with...

Iceman, FUCK YOU! It means I have several degrees in the field and know what I am talking about, unlike some of your ridiculous "trading" posts. Many economists are quite good; however, most of the ones you see quoted work for the Government or Wall St, and have major conflicts of...

yes i get it, maybe you should read my post again. i stated that massive spending (fiscal stimulus) may prevent Obama from enacting his social agenda. when i said the global economy will heal itself, massive spending was implied as part of the healing process. pretty much thought this was common...

I can see the FDR comparison, but not Lincoln. We are in no way even remotely divided as a nation as back then. In fact, we are not divided at all. We just have a split in political ideology, which is a healthy thing. In 1861, you had a major portion of the country secede! Other than a very...

Wrong. China is indeed helping to prop the dollar, but not because they hold so many of them. China needs the dollar to remain tenable so that the US can continue to buy their stuff. There are two main engines in today's global economy. The US consumption engine, and the Chinese...

The global economy will heal itself within two years imo. Growth will be slow after that, but it will be growth. This will happen regardless of Obama policies. I believe the only way this guy fails to be reelected is if he goes overboard on the far left programs requiring way too much...

This has a high degree of possibility imo. Its what I am looking for actually. We are going to spend like there is no tomorrow to avoid "depression" (whatever that actually is), and get the economies of the World going again. Many things can effect this however. Even with massive spending, a...

I believe the opposite. Obama will enter office during a major shit storm so that no matter what he does, things should be better in 4 years. In that case, its hard to imagine him not being reelected. REALLY hard for me to imagine stocks being lower in 4 years than they are now, and the US still...

really? My cousin in Oregon just bought a huge F-150, brand new, for what was probably 65% of the total cost a year ago. They ARE giving away the damn things because no one is buying them. Dealers have to purchase the cars from the corporations, and pay interest on them until they sell. If...

I believe no one is answering you because you phrased the Q as the dollar becoming worthless. No way the rest of World will let that happen as it would put everyone in the poor house. Its a purely hypothetical. In such a situation you would see massive global mayhem, closed borders, regional...

The only person who used such words is the guy complaining. weird.

this was a question about a dollar collapse, not a devaluation. i could easily see it come off, but no way will it be allowed to collapse. this would be in NO ONE'S interest.