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Overunity Machines Forum



I see an economic diasater coming...

Started by the_big_m_in_ok, September 03, 2009, 01:05:30 AM

Previous topic - Next topic

0 Members and 5 Guests are viewing this topic.

Do you think the American economy will ever improve?

Yes, definitely
Possibly, in the long run
No, it will worsen
Undecided

triffid

"I think the markets are not discounting risks, the real economy, the headwinds coming at us from the world," he says. These headwinds include China's construction boom ending, Japan falling into "old age bankruptcy," the Eurozone crisis, and baby boomers retiring in the U.S.
"When the Fed loses confidence in the market I think that will be the beginning of the end," he notes, "and it will start in the bond market."

triffid

"That's what they told me in late 2007 and early 2008," Stockman says in response. "About seven months later people had lost 45% to 70% of their net worth. If you were in the Russell 2000, which is where Bernanke wants you, you were crushed – it dropped by 60% within 15 trading days."
Related: Dow 20,000 Is Coming in 2014 or Early 2015: James Altucher
As for his advice to hide in cash he says, "I would rather have capital preservation, be safe. I don't think another two, four, 10 percent is worth losing 50, 60, 70 percent when the crash comes."

dtard

Once the fed has it all.T ;DThe fall will start

the_big_m_in_ok

Quote from: triffid on April 01, 2013, 01:16:12 AM
Lee,I heard an interesting discussion on north korea. If North Korea did attack us it would be suicide for them. It was said that most leaders like the current one are survivors,not martyers.They do the talk to unit their people against an outside enemy.And to keep their minds off of their hunger which has resulted in the north koreans being a full foot shorter(on average) than their southern counterparts.Also on Cyprus Their bailout totals only 10 billion.The Apple company is worth 156 billion in comparsion.So Cyprus seems like small potatoes right now.I really do not like the trends here.I no longer have a spell checker here when I post.Sorry for any spelling mistakes here.
This computer is also acting up, triffid.   I'll have to come back later.   You're right, though.   This sucks.
--Lee
"Truth comes from wisdom and wisdom comes from experience."
--Valdemar Valerian from the Matrix book series

I'm merely a theoretical electronics engineer/technician for now, since I have no extra money for experimentation, but I was a professional electronics/computer technician in the past.
As a result, I have a lot of ideas, but no hard test results to back them up---for now.  That could change if I get a job locally in the Bay Area of California.