Comments on: The Collapse of Finance

By: Leo

Leo — Wed, 02 Dec 2009 21:49:25 +0000

Looks like Harry really wants to read every single article of yours even though he disagrees with all of them…Harry hanging in there, you’re what we need on the other side…

By: Finance

Finance — Wed, 02 Dec 2009 03:53:32 +0000

yeah.Dubai finance crisis has become a serious matter of discussion now a days.

By: StingingNettle

StingingNettle — Tue, 01 Dec 2009 18:31:19 +0000

“Jim Chanos, a famous short seller, thinks Dubai is merely the camel’s nose in the tent, so to speak. “China is Dubai times 1,000…if not a million.””

Right but nobody lent China large sums of money

By: Ed Las Vegas

Ed Las Vegas — Tue, 01 Dec 2009 16:34:16 +0000

Too bad the DR has been “moderating” (censoring?) the comments…

By: Harry

Harry — Tue, 01 Dec 2009 06:36:47 +0000

When China pops, we’ll see US stocks down a lot more than 154 points. In fact, we expect to see the Dow in 5,000-ish territory when this bounce is over. And when that happens, emerging markets will probably be hit even harder.

LOL! Yep, we’re on a strong recovery path and Bonner’s frustration boils over with a Dow 5000 call. Good job! And even funnier is the bunker idiots here who think we’re in a “depression”! Look around doomers, life aint’s to bad now.

By: Bloomer

Bloomer — Tue, 01 Dec 2009 05:50:42 +0000

Bill you hit the camel nose on the head. If there is way out of this depression, I would sure like to see it. Even if the government(s) step aside and allow the deleveraging process to play it self out, we are still in for some bigtime bloodletting.
A total collapse of the financial system will result in unrepairable damage and chaos. While saving our flawed system is just prolonging the current economic malaise.
We are living in dangerous times.

By: JMR bayou bobby

JMR bayou bobby — Tue, 01 Dec 2009 00:07:12 +0000

“Banks don’t lend. People don’t borrow. Consumers don’t consume.”
_______________________________________

Banks don’t lend. People don’t want to borrow. Consumers don’t want to consume.

There, I fixed it for you.

By: Joe

Joe — Mon, 30 Nov 2009 23:43:45 +0000

The above comment was regarding your comment that “Probably a good thing US markets were closed for Thanksgiving when this news came out.” That was obviously not the case.

I have to take issue with another statement: “Dubai has no oil … no natural resources … and no real industry.” It may not be a large part of GDP, but according to Wikipedia, “It is estimated that Dubai produces 240,000 barrels of oil a day and substantial quantities of gas from offshore fields” and “Real estate and construction (22.6%), trade (16%), entrepôt (15%) and financial services (11%) are the largest contributors to Dubai’s economy,” with relevant citations.

By: Daniel Miller

Daniel Miller — Mon, 30 Nov 2009 23:05:23 +0000

Those weren’t capitalists. They were corporatists (aka fascists). Big difference.

By: Bors

Bors — Mon, 30 Nov 2009 22:40:35 +0000

I watched a forum with Bill Gates and Warren Buffet at Columbia business school and no one mentioned or questioned the staggering debt the U.S. is carrying. It was a surreal cheering squad for capitalism. All that was missing was the pom poms.