Comments on: A New Word to Describe Financial Folly

By: reason

reason — Fri, 25 Dec 2009 18:58:05 +0000

Sundance, no need to feed the trolls.

Merry Christmas to all!

By: 99 cent Nation

99 cent Nation — Fri, 25 Dec 2009 15:46:25 +0000

“But it is phony GDP…government giveaways, boondoggles and payoffs to the financial industry” Reading all the comments I am amazed how many actually think that logic has something to do with it. Logic doesn’t have anything to do with it. Chaos rules and that is why it is somehow working. Go figure.

By: Sundance

Sundance — Fri, 25 Dec 2009 08:52:41 +0000

That’s brilliant Harry. But

1) everybody makes mistakes… they can be forgiven when dealing with something as capricious as the economy when at least your arguments make sense ; plus BB has proven quite right on the 2007 crash and later events

2) that kind of consideration doesn’t seem to bother you too much when it comes to CNBC / Ben Bernanke / Tim Geithner

I guess you don’t see how stupid that sounds.

By: Simply Talk

Simply Talk — Fri, 25 Dec 2009 02:43:44 +0000

If anyone forecloses debt, business come to a standstill. Factories close, workers on eternal leave ….
Japanese Yen has been traded as high as 140 to a dollar. I presume Japanese and the 4 dragons have bought some treasury bond, somehow or rather at this rate. Almost 50% lost in transit. What sensible business brings you 50% in such a short span.
Use to it is OK. Close one eye and open another is the practice. Compromise is the keyword.

By: Kathy

Kathy — Thu, 24 Dec 2009 13:20:34 +0000

I just read the funny parts about his kids.

I thought ledgerdemain was what happened when you mixed too many anti-depression drugs. Or was that ledgerdemise? Either way it fits the situation – there is no pill to cure this depression, although the Gov’t keeps writing prescriptions.

By: CommonCents

CommonCents — Thu, 24 Dec 2009 12:05:49 +0000

What happens when a China or Japan forecloses on the debt they have financed? Do you think they will stand idly by as we give them a devalued fiat currency as repayment? Do you think they will try to maximize the value of their holdings somehow? What will give them the most purchasing power for their savings? They are not going to continue to finance our government’s spending spree forever. Gold? Oil? Raw Materials? Food? Real Estate? All of the above? If you can figure out where all of this money is going to be put into play, you can anticipate where future values are headed. What do you think Bill?

By: Tom

Tom — Thu, 24 Dec 2009 02:53:53 +0000

If the Fed “gets the hang” of printing money and destroying the currency, the situation will look different. And how you invest will be different. To me, the real question is how long it will take for the Fed to transform this slow depression into an inflationary crisis. For now they are replacing collapsing M2 with M0, and at some point that number will hit bottom, and the inflation will start. They’ll never be able to sell the worthless real estate bonds to reduce the money supply, so the outcome after that is not in doubt. The timing is very much in doubt.

By: Harry

Harry — Thu, 24 Dec 2009 02:02:29 +0000

Two very funny points here:

-BB admits he was wrong on the US/Japan correlation.
-BB says “It’s a depression”

Well, BB was wrong, once again, yet somehow we’re supposed to believe this latest “prediction” will be right. I guess he doesn’t see how silly that seems.

By: JMR bayou bobby

JMR bayou bobby — Thu, 24 Dec 2009 00:27:14 +0000

“And it won’t end until it has done its work.”
______________________________________

And more than a full before done.