phatbubble Posted July 7, 2003 Report Share Posted July 7, 2003 the tone of the board this weekend suggests that this extended top is getting very long in the tooth. Link to comment Share on other sites More sharing options...
Guest Posted July 7, 2003 Report Share Posted July 7, 2003 Jobless Recovery. What good is a recovery if you don't have a job? http://www.markfiore.com/animation/jobless.html Link to comment Share on other sites More sharing options...
Bird D Durr Posted July 7, 2003 Report Share Posted July 7, 2003 JAM-A-MANIA in process................. Not Again..................But..........Can't say this one was not expected....................... Link to comment Share on other sites More sharing options...
Guest Posted July 7, 2003 Report Share Posted July 7, 2003 GANG---ARE WE THE ARRIERE GUARDE--MISSING THE BOAT YET AGAIN? The virtuous circle--is it back? Do rising equities "cure all ills" (richard640) Jul 07, 08:21 It seems to be working with the $--the $ has had a huge drop--yet fer-eigners didn't panic out of $ assets--they are buying them on sale--and now they are getting the same old "double kicker" they go in the 90s--rising $ asset prices and a rising $ currency! Will the same magic work for the Government debt at all levels--rising tax revenues from capital gains taxes? We are truly in the Twilight zone.... Gang, we are missing the new, next, "big wave, as usual-sitting around with (richard640) Jul 07, 08:07 thoughts of Graham & Dodd. is something new gestating in the womb that we are missing? Is the next big wave--[like the internet/tech mania WAS]-- the unimaginable: A new "industry" of financial engineering & speculation that is about to sweep the globe, with America, as usual, in the vanguard--Europe is just getting into it--will it spread to Asia: China, Japan, Korea??????--will the Asian public start trading on-line--will the "financial services" industry explode in those countries--will debt, in every sector of the economy--skyrocket--will consumerism take hold with a vengeance?--will they learn the very profound Zen koan: The way to prosperity is paved with fiscal profligacy; the way to poverty is paved with fiscal rectitude? World Mkts in melt-up mode Mon. morning--is this a contrary call? Ant ideas? (richard640) Jul 07, 08:03 If we are still in a bear mkt--and just experiencing a large bear mkt rally--then, yes, this fearless Monday Morning exuberance is contrarily bearish--but the question still lingers in my mind--has the bear ended & are we about to be in a run-away-bull mkt?--or another question: are we running towards an 87-style crash? any thoughts? Link to comment Share on other sites More sharing options...
mjkst27 Posted July 7, 2003 Report Share Posted July 7, 2003 I don't understand ???? Why do we have to increase money creation now??? Don't we only have to service current debts in order to avoid a collapse??? QT, with no disrespect intended, you're demonstrating a lack of understanding of how our debt-based system works. If all debt creation ceased today, and debt service was done purely out of existing money, the system would totally collapse within 4-8 weeks (my best guess). 8 weeks would allow for two months worth of monthly debt service payments on things like mortgages and other installment loans. That should be enough time to destroy enough money (remember, when debt service payments get made back to the banking system, that money essentially vanishes) to cause horrendous asset value collapse as people have to liquidate assets to get cash to make debt service payments with. It is cold fact that debt must always be issued in increasing amounts, simply to replace the "vanishing" money, plus hopefully a little more for "economic growth". Anything less and the system is canibalizing itself into a collapse. This is the fatal flaw of the system - it requires persistent growth in order to function. It can't just "be". There are volumes written by much better authors than I, if you'd like to research it. Link to comment Share on other sites More sharing options...
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