THE GLOBAL FINANCIAL CRISIS......DID WE LEARN OUR LESSONS? HAS THERE BEEN CHANGES? WHAT DO YOU THINK?!

Wattie

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Italy again


Totally bust, parallel currency, doom loop?
 

Zep

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Wattie

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So according to Zep.
Italy is in no trouble financially whatsoever..........
He’s obviously worried about getting thrown out a window.


Forgettabadit.
 

GeoffCapes

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14,000
To be honest with any article written by someone with a Fight Club pseudonym was always going to be a tough one to believe.
@Zep s link just reinforces the fact that what has come out of the website is basically made up.

The fact that the Italian economy is in a spot of bother I think is an already well known fact.
 

Wattie

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8,640
To be honest with any article written by someone with a Fight Club pseudonym was always going to be a tough one to believe.
@Zep s link just reinforces the fact that what has come out of the website is basically made up.

The fact that the Italian economy is in a spot of bother I think is an already well known fact.
Italy’s troubles are made up? Ok. Not.

I believe you said gold was plummeting ............below £800....... ;)

Today £1051 + closing in on all time highs,


Someone with a Medal winning pseudonym was always going to be a tough one to believe.

By the way all time highs in Aud
 

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Wattie

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Fed now sees no more interest rate rises in 2019...... one in 2020
Strong economy indeed.
More QE next to maintain the illusion all is well is the next step along with interest rate cuts.
Watch the Fed today- strong economy my Ar5e. Probably will wait till July for a rate cut now as the ECB news had the desired market effect.
More Ponzi preparations for the EU as it says rate cuts and more QE is required (even though there is no proof that all the other did anything) and listen to the utter nonsense spouted.

ECB Mario Draghi - ECB is able to enhance forward guidance by “adjusting its bias and its conditionality to account for variations in the adjustment path of inflation”

What???? Does he even understand what he says?

Central bankers pretending they're in control. Others saw through it. "I am nearly sure that the ECB cannot by itself, at this point, fight a recession ... It will need help, it is fairly obvious," Olivier Blanchard, former chief economist at the International Monetary Fund. He explained that the question is not so much the lack of available tools, but more their actual impact on the economy!

For now, after Draghi, bad news is good news once again as Money printing is back.....watch the markets soar.
 
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rockits

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9,167
The problem is QE was never an answer, is not the answer and should never be used as a mechanism to achieve anything economically. It is fundamentally flawed.

When you have decided that this your tool and have used it to no actual real world effect then what do you do? More of the same of course.....idiots!

There is no short cut or quick and easy way to fix all this. The fix needs to be a proper fix, from the ground up at source. Long, slow and painful I would say bit the right choice with last and proper effect. We are just kidding ourselves that all is OK otherwise.

How the h3ll you can let the finance scumbags short Thomas Cook to make m ok money as the primary and only benefit I will never know. It is truly repugnant and what we have become if this is it.

The rich are just getting ludicrously richer and crimes, moral are otherwise or going unchecked and unpunished. Now I thought the human brain and the human race was a clever thing. It seems not. What a waste.

I could go on and on. The practices and rich will go on and on unless someone somewhere does something. Until then it will just get worse and then even harder to fix. The bigger the bubble the bigger the pop. A mere short term deflation was a burst......it is still blowing up.....bigger and bigger ever day.

This modern prepensity to run companies at massive loses continually is wrong and should be banned. Football clubs have to work within certain financial criteria. Why shouldn't any private or public company be subject to the same criteria. A company that is losing money that doesn't make drastic measure to flip this around will make more loses and then the bubble is just getting bigger.....then.....pop.....mess.

Our economies are no different.
 

Wattie

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The problem is QE was never an answer, is not the answer and should never be used as a mechanism to achieve anything economically. It is fundamentally flawed.

When you have decided that this your tool and have used it to no actual real world effect then what do you do? More of the same of course.....idiots!

There is no short cut or quick and easy way to fix all this. The fix needs to be a proper fix, from the ground up at source. Long, slow and painful I would say bit the right choice with last and proper effect. We are just kidding ourselves that all is OK otherwise.

How the h3ll you can let the finance scumbags short Thomas Cook to make m ok money as the primary and only benefit I will never know. It is truly repugnant and what we have become if this is it.

The rich are just getting ludicrously richer and crimes, moral are otherwise or going unchecked and unpunished. Now I thought the human brain and the human race was a clever thing. It seems not. What a waste.

I could go on and on. The practices and rich will go on and on unless someone somewhere does something. Until then it will just get worse and then even harder to fix. The bigger the bubble the bigger the pop. A mere short term deflation was a burst......it is still blowing up.....bigger and bigger ever day.

This modern prepensity to run companies at massive loses continually is wrong and should be banned. Football clubs have to work within certain financial criteria. Why shouldn't any private or public company be subject to the same criteria. A company that is losing money that doesn't make drastic measure to flip this around will make more loses and then the bubble is just getting bigger.....then.....pop.....mess.

Our economies are no different.
Totally agree. QE was apparantly an “emergency” measure- now it’s become standard Central bank operating procedure to support a broken economic/financial system.
Extend and pretend....
 

whereskeith

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More definitive signs that not all is well in the “greatest economy in the world”

Apparently they have a plan for sorting all that out.. Its called MMT and its all going to be fine (not)
 

Wattie

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For their MMT, I’d counter with WTB. (Watties Theory of Bullsh1t)
More warnings- how do these bankers get away with it?
 
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rockits

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Just seems to be the same model of scheme over and over with a different name and format. All to achieve the same result that is not good for anyone except themselves. Very clever.......kn0bs!

What is more annoying is there is plenty of academically clever people doing much of this. If they turned their attention to GOOD and USEFUL causes then I dare say we would have eradicated Cancer and many other terrible diseases by now. Idiots!
 

Wattie

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More definitive signs that not all is well in the “greatest economy in the world”

As predicted, It’s Qe but don’t call it Qe.
Another Ponzi scheme in full view.

The world’s strongest economy apparently needs $60billion a month - strong my Ar5e.
 
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rockits

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Surely this bubble is just getting bigger and bigger. It is indeed a Ponzi. It is like me paying £10k over the top for a car based on me selling my existing car for £10k more than it is worth.

The hot potato has to stop somewhere at some point with someone surely. Is this not hyper inflation in effect but swept under a cloak of partial invisibility.
 

Wattie

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Surely this bubble is just getting bigger and bigger. It is indeed a Ponzi. It is like me paying £10k over the top for a car based on me selling my existing car for £10k more than it is worth.

The hot potato has to stop somewhere at some point with someone surely. Is this not hyper inflation in effect but swept under a cloak of partial invisibility.
Central Banks are trapped- if they fail to keep the bubble inflated we are in for one **** of a collapse. Qe extends and pretends but it’s effect is less and less.....-ve interest rates globally is the next move.
 

rockits

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Surely it is best to just accept the model was flawed from day one, take your medicine and deal with the sh1t storm that ensues.

We are learning literally that burying sh1t just comes how to roost at some point. What intelligent person decides the answer to the question.....What shall we do with our rubbish?.....bury it! Hilarious!!

The truth will out.....it always does. It will come home to roost at some point.....the longer it takes the worse it will be......idiots!

Printing money or QE in any form medium to long term or lowering or low interest rates is not an answer. Try harder. These are short term intermediate plasters at best. They are not sustained or longer term fixes. Idiots!
 

rockits

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Interesting email from Colin Twiggs this week and very true. All this QE, printing money and low interest rates for took long may lead to a debt trap that can never be gotten out of in one lifetime. That is not healthy.


"If you find yourself in a hole, the first thing to do is stop digging."
~ Will Rogers
 
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As for the great god 'Lessons Learned' just how many Carillions, Interserves, and BHS's do we need before regulators earn their keep? ****'s teeth, even the auditors now face investigation.
Still, we do have the NAO which now reports that the cash-strapped BBC is trying to regain control of a project to refurbish the Eastenders set. It's now 'on track' to be only 5 years late, and it's currently just £30m over the original £56m budget (with 4 years to go), so that's ok then.
Jeez, I'm grumpy these days, must be my age!
PH
I feel the same Phil, FWIW. When you understand how much waste there is, especially in the public sector.
Then consider how dysfunctional our society is with say, a third of children living in poverty, you eventually arrive at a point where you say, enough is enough.
The trouble is. Or perhaps the fortunate thing is. We aren't a country that tends to change governments or political systems by overthrowing them. I'm a great admirer of Margaret Hodge and especially the way she ran The Public Accounts Committee of The House of Commons. We need more like her.
 

Phil H

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I feel the same Phil, FWIW. When you understand how much waste there is, especially in the public sector.
Then consider how dysfunctional our society is with say, a third of children living in poverty, you eventually arrive at a point where you say, enough is enough.
The trouble is. Or perhaps the fortunate thing is. We aren't a country that tends to change governments or political systems by overthrowing them. I'm a great admirer of Margaret Hodge and especially the way she ran The Public Accounts Committee of The House of Commons. We need more like her.
Ms Hodge seems to have done an excellent job but she's now under attack, presumably from a few folk who didn't appreciate her attention. If only we had a few more MP's with her integrity.

PH
 

Wattie

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Nothing to worry about.

What does the Fed know about these banks and the US economy....that need Billions daily?

 
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