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Let the Catastrophe begin! The U.S. credit bubble has begun to burst.
2014 Jun 14, 4:43am 3,463 views 11 comments
by darlag follow (1)
Comments 1 - 11 of 11 Search these comments
Strategist
2014 Jun 14, 1:54pm
Shouldn't the stock market be crashing?
How's the DJIA doing YTD this year??
It's doing awesome so far. So many record highs, surprised even a bull like me.
Knock on wood.
Strategist
2014 Jun 14, 2:03pm
He he he, trust you to come up with something like that. It's holding on to the highs and going higher. That is awesome. Keep in mind the bears always claimed we were crashing.
Strategist
2014 Jun 14, 2:19pm
He he he, trust you to come up with something like that. It's holding on to the highs and going higher.
What's that suppose to mean?? You're happy with a 1.2% rise in 5-1/2 months this year?
That's a Bull run?? Really?
Keep in mind the bears always claimed we were crashing.
Well, with this type of a run up, I wouldn't plan on quitting your day job and retiring...
How does the one year look?
http://finance.yahoo.com/echarts?s=%5EDJI+Interactive#symbol=%5EDJI;range=1y
I'm still learning to Googleize. Can someone tell me what happened in 1929?
I was told,whatever it was could never happen again.
Strategist
2014 Jun 15, 9:15am
I'm still learning to Googleize. Can someone tell me what happened in 1929?
I was told,whatever it was could never happen again.
It never happened again. Came pretty close, but the brakes worked.
Article nor history since has shown that the US credit bubble is bursting. It might be impossible that the US debt can be paid back, but there's no evidence yet that the world has accepted this possibility.
I'm still learning to Googleize. Can someone tell me what happened in 1929?
I was told,whatever it was could never happen again.
It never happened again. Came pretty close, but the brakes worked.
Housing/real estate speculation, investment speculation. Abundance of goods yet stagnant wages for the working folks, the introduction of buying on installment/credit...
Any of this beginning to sound familiar?
Heraclitusstudent
2014 Jun 18, 5:46am
has ballooned the national debt to levels which can never be paid off.
The problem is not the gov debt, but private debts: junk bonds, student loans, etc... It's a smaller problem than it was in 2007.
The next bubble is about to burst...
Which bubble? Why is it about to burst?
Looks to me we have a long way to really inflate the bubble and then burst it.
Strategist
2014 Jun 18, 8:58am
If I told you how much I've made YTD you wouldn't believe me.
Go ahead tell us. We can keep secrets.
Bombarded daily with facts and figures that pretty much mean nothing to them, people obliviously and ignorantly go about their way, concerned but hopeful that things will get better soon. After all, the government experts are working diligently on the problems, right? Little do they realize that government experts are the problem not the solution. Government experts have created a continuous series of asset bubbles which has ballooned the national debt to levels which can never be paid off. The next bubble is about to burst...
http://www.globaldeflationnews.com/i-o-u-s-a-one-nation-in-debt-under-stress/
#bubbles