US:
For marijuana assume 10 million users spending $45 a week
= 450 million cash X 52 weeks a year...
almost $25 billion a year.... at 10 times earnings... thats one of the biggest companies in the world!
http://www.drugscience.org/Archive/bcr4/5Supply.html
The money that supplies most of these bubbles wasn't earned, it was created. Once the demand is satiated, it will collapse.
Unfortunately, those who rely on a strong economy to service this debt will be out of luck...
I remember seeing the ads a year or so ago in the Toronto Star....
In tiny tiny print, it says on the full page ad "Robert Kiyosaki will not be attending this event"
More and more this Euro Currency since 1999 along with the polices designed to eliminate sovereignty are looking like the biggest scam to privatize public wealth ever invented.
topping phases are followed by the reinforcement of group complacency..
It's a condition of virtually every top. Slavs comments are true, and this is what you'd expect at a top.
The main issue, is will these people actually sell in time? .. very unlikely.
If too much scared money stepped into this - aka speculative capital unleashed by easy money, you could create a bond rout.
Basis trades would blow out yet again especially if they have a fixed view of the curve...
I think the feds QE effect steepens the curve(artificial stimulus of...
Rice, maybe it would be worse than that.... loan creation would get more problematic.. especially for exporters... and I'm told their are even cheaper producers in South East Asia waiting for a piece of action...
Donald Trump is renting out his daughter if you don't like Kiyosaki...
Or even better. she might rent out Trump.. its hard to tell at this point.
Maybe you can live in his Toupe.
An acquaintance of mine called me up the other day to tell me how great this book you are talking about "Get Rich with options" is. So I downloaded it, and read through it.
Not a single comment here that 90% of all options expire worthless. He makes comments about time decay etc, but really...
clacy, I see you what you mean, I have been to Greece though in 1999, but I have only lived vicariously through British movies to see it..I doubt I missed much.
The thing is, Britain made most of its GDP through financial transactions... we are clearly seeing that this is unwinding... look at...