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Barack Obama Wants Your Money As You Tumble From The Fiscal Cliff
- Thread starter Robert A. Green
- Start date
Bow down and worship the Flying Spaghetti Monster.
AOK, I think I misinterpreted your remarks in my post below. You are expecting euro weakness relative to the u.S. dollar, right? In that case I can see that a down equities market is consistent with that.
I expect the ECB to basically do they same thing the Fed has done, but take longer to do it. The European situation is obviously complicated by the euro member countries issuing their own bonds rather than their being just a euro bond. The ECB buying Spanish or Italian bonds would be, I guess, the equivalent of the Fed buying, say, California's bonds.
I expect the ECB to basically do they same thing the Fed has done, but take longer to do it. The European situation is obviously complicated by the euro member countries issuing their own bonds rather than their being just a euro bond. The ECB buying Spanish or Italian bonds would be, I guess, the equivalent of the Fed buying, say, California's bonds.
Quote from piezoe:
I'm puzzled. "Dollar down" ... "Stocks Down"???? I don't understand your analysis. Fed QE has been a major driver for the market (UP). Weaker Dollar = higher stock prices (in the nominal sense). Since some time in the mid to late seventies inflation has been the number one driver of both corporate earnings and the equities market.
Quote from piezoe:
They can't do this forever, though they could try, but they can do it for a very long time.
Maybe. It just depends what black swans come along and how the world changes. Could the dollar keep its reserve status for decades into the future? Yeah, it's possible. Could other nations band together and decide to trade with something else--perhaps a commodity-backed currency? That's possible, too.
It's hard to say, but the current monetary system is 40+ years old. At that age, most systems in the past have fallen and been replaced with something else.
Quote from logic_man:
So? I'm sure I would consider it torture to live in whatever trailer park you call home.
Don't waste your time, man. That kid put me on ignore a long time ago when I repeatedly called his bluff. If you really want to bother with him, get him to put up or shut up. If you still want to bother, ask him to compare net worth with sanitized account statements and see if he's really self-sufficient. Ask to meet him in person somewhere. Have a trading contest with him...or a legally sanctioned MMA fight since he made that ridiculous sniper statement.
He'll back out every time.
Quote from logic_man:
So? I'm sure I would consider it torture to live in whatever trailer park you call home.
you think? i live in a nice mountain resort area in a 5000 sq ft 4 year old house. paid for by the way.
people like you pay 400 per night to vacation rent houses in my development that are similar to mine.
i travel a lot. i have been in every state in the us. one place that is not on my list to visit again is new york. i get enough of new yorkers when i winter in florida. fat,sloppy, arrogant,loud,unfriendly. no thanks.
Quote from Free Thinker:
you think? i live in a nice mountain resort area in a 5000 sq ft 4 year old house. paid for by the way.
people like you pay 400 per night to vacation rent houses in my development that are similar to mine.
i travel a lot. i have been in every state in the us. one place that is not on my list to visit again is new york. i get enough of new yorkers when i winter in florida. fat,sloppy, arrogant,loud,unfriendly. no thanks.
A rich fantasy life indeed. Perhaps a good place to end this thread.
Quote from Free Thinker:
you think? i live in a nice mountain resort area in a 5000 sq ft 4 year old house. paid for by the way.
people like you pay 400 per night to vacation rent houses in my development that are similar to mine.
i travel a lot. i have been in every state in the us. one place that is not on my list to visit again is new york. i get enough of new yorkers when i winter in florida. fat,sloppy, arrogant,loud,unfriendly. no thanks.
Wow, $400 per night. Gee, mister, you must be rich from that.
It's always interesting to see people voluntarily quote the amount of money they think is a lot.
Keep your $400/night, pal, you're going to need it.
Quote from piezoe:
AOK, I think I misinterpreted your remarks in my post below. You are expecting euro weakness relative to the u.S. dollar, right? In that case I can see that a down equities market is consistent with that.
I expect the ECB to basically do they same thing the Fed has done, but take longer to do it. The European situation is obviously complicated by the euro member countries issuing their own bonds rather than their being just a euro bond. The ECB buying Spanish or Italian bonds would be, I guess, the equivalent of the Fed buying, say, California's bonds.
You got it Piezoe. The Fed (and by extension Western Bankers)have played the world beautifully. Really, 3 things are preventing the true reality that is waiting for the USA:
1) Ability to print own fiat currency (ie manipulate $ supply)
2) And That currency is one of the worlds reserves
3) Military is still the best. Or close enough.
My question is how long can that be propped up?
Indefinitely, yes. Forever, ( as in another generation) no.
The politics of all this are a pony show because neither the red meat eaters at either the DNC or RNC convention understand even these relatively simple proxy concepts.
For the Repubs: How are you going to deal with the debt by cutting NPR to the bone and not addressing taxes?
For the Dems: You could tax Donald Trump to the 99th percentile of all his income and still not have enough revenue to fund current obligations let alone new promises.
Which of course is why none of this will be discussed. I find whats going on in Europe extremely fascinating.
When 55% of greek young people are unemployed you have to keep the spigot flowing otherwise it becomes a powder keg.
The Govt/Bankers are in a very difficult spot.
It's like trying to explain short selling to a rube.
Unfortunately it seems to take nightmarish propositions to get these policy makers off their ass.