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Um no. There is nothing wrong with a normal bankruptcy. There is a lot wrong with bankruptcies of many of the top financial institutions. Confidence is the key here. Bank runs, anyone?

Flat - no suprise. At least it's not negative.

+1 IMO this doesn't get talked about NEARLY enough.

So you must have made a fortune on shorting this obvious crash waiting to happen, correct?

Really? Did you see today's wholesale inflation number? Looked a chart of the USD lately?

Who's to say it can even be neutralized if we wanted to neutralize it?

HAHA HILARIOUS!

He has no idea. But he is positive they should be lower.

If only there were a way that this guy could implement some kind of policy to induce inflation...not hyperinflation, but moderate inflation. Some way some how. This man would be very happy as the large amount of debt he owes, suddenly is not so large and much more manageable. Suddenly the...

Please look up the definition of GDP and tell me where government expenditure comes in. Please research some of the causes of the Great Depression. How would you like to owe $300,000 on your mortgage, only to find out that since the government didn't intervene in the economy, deflation has...

1) Government expenditure is and always has been a part of GDP. If you want GDP without government expenditure, you are no longer looking for GDP. The number you are looking for is: private consumption + investment + net exports 2) "Its getting obvious to all now that our GDP growth is...

I think you are confused as to the definition of a recession. Recession does not simply mean "bad economic times".

So you're saying that traders and investors want to make money? Makes sense...

Exactly. Interest rate swaps = good. Credit default swaps = grey area at best.

LOL My initial thoughts as well.

Interesting report released by the Bank of Canada yesterday titled "Financial System Review". Very insightful information regarding the Canadian financial system, global financial system, as well as the global macroeconomic situation. Recommend for anyone interested in the economic views...

+1

Just out of curiosity, what does hemming and haweing look like in an email?

Why would you expect economic troubles in Ukraine to affect the S&P? Retail sales numbers are way more important than a $2 billion dollar IMF loan to Ukraine...US retail sales likely provides more economic activity than the entire Ukraine economy put together.

You said he predicted this crisis that we and the US is currently in. He predicted this in 1988. I defined the crisis we are currently in to mean ~2007. This is equal to roughly 20 years early on that prediction. Take a couple of years off. Hell - take 10 or 15 years off. He's still way...