Roubini sends out emergency alert-Global Depression

[RiceRocket]

At some point you have to realize your trade was good and take some profits. Roubini is staying in his trade too long. Things may look bad in the equities market, but that's a reflection of the global economy. The US economy is in much better shape than the rest of the globe now because of the unprecedented actions taken by the Fed. Soon, this nightmare will be over for Americans.

 

[piezoe]

Quote from buzzy2:

You guys have to learn a couple of things about socialist fools.
1. They are always predicting the end of the capitalistic system, and are always recommending government intervention to avoid the end of the world as we know it.
2. When the government causes a crisis through their foolish policies and interventions (they always do), these socialist fools always ask for more and more intervention. They do not care that those policies are either the cause of the problem, or, they are totally ineffective, as we are witnessing right now.

Perhaps there is also something to be learned from viewing complex problems a little to clearly through the lens of one's political ideology.

 

[jem]

Quote from Cutten:

I'm interested in why he thinks cheap assets are a bad thing. Humanity is better off when input costs are low than high. It's better for society if goods and services cost $1 than $1 million.

What is his proposed alternative to rectifying these "bubble"? The only way bubbles can stop is by the price going down a lot. He should be glad it's happening - surely a return to allegedly more rational pricing is to be desired? Yet he's talking as though this move to equilibrium prices is a disaster, and wants to take steps to prevent it running its full course. It reminds me of the FDR administrations decision to burn huge amounts of perfectly good agricultural crops in an attempt to stop prices falling. Yeah, great idea - let's reduce the supply of a necessary product and make it more expensive for people! This guy wants to forcibly confiscate money from responsible free citizens to prop up what he admits are inflated asset prices. Typical socialist scum.

Why do so few people grasp what you are saying.