By: ang101000
9/11/2009
1:05 pm Yahoo! Profile:
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Menta,
The 'small' banks can't compete with the big ones and are being taken over or shut down. Is is called 'economics of scale' and 'market power consolidation' or if you prefer banking Darvinism - the survival of the fittest. Isn't that what free market is all about? It is perverse given that taxpayers saved the Too Big To Fall institutions. |
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By: ang101000
9/11/2009
1:04 pm Yahoo! Profile:
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Menta,
The 'small' banks can't compete with the big ones and are being taken over or shut down. Is is called 'economics of scale' and 'market power consolidation' at work or if you prefer banking Darvinism - the survival of the fittest. Isn't that what free market is all about? It is ironic given that taxpayers saved the Too Big To Fall banks. |
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By: mentawaisurf
9/11/2009
11:37 am Yahoo! Profile:
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Regulators shut banks in 5 states; marks 120 US bank failures this year
Friday November 6, 2009
Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans.
The 120 failures this year compare with 25 last year and three in 2007.
http://finance.yahoo.com/news/Banks-in-Ga-Mich-Min n-Mo-apf-3282864371.html?x=0&sec=topStories&pos=1& asset=&ccode=
I thought the worst was over and that the banking crisis was last years news? |
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By: lasty49
9/11/2009
9:25 am Yahoo! Profile:
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Follow the trend folks.
Unemployment in the US wasnt good yet the Markets finished higher.
That doesnt indicate to me that the market is long.
Lots of top pickers and stop outs.
Prechters can call the US dollar higher but yields are against him.
Until there is a valid reason to change the trend remains intact. |
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By: jaymarcel
9/11/2009
9:05 am Yahoo! Profile:
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| Hi hdmausguy, I think I have your $1.60 debt, I plan to claim back on my tax. ;) |
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By: jaymarcel
9/11/2009
7:54 am Yahoo! Profile:
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Pretcher warns
Really? Thats a first he's normally such a happy positive person. |
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By: jaymarcel
9/11/2009
7:54 am Yahoo! Profile:
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Pretcher warns
Really? Thats a first he's normally such a happy positive person. |
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By: mentawaisurf
7/11/2009
5:27 pm Yahoo! Profile:
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Robert Prechter Warns
Take a look!
http://www.elliottwave.com/cnbc-11-05-2009.aspx |
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By: sly.guy_nsw1
7/11/2009
12:10 am Yahoo! Profile:
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Robert Prechter Warns
Take a look!
Good night.
Hopefully, your dreams will be sweet..... |
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By: glh40
6/11/2009
5:20 pm Yahoo! Profile:
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<<< creditors will demand cash - not stocks or commodities **** or even gold.****
CREDITORS DO..ALLOW GOLD TO PAY BACK DEBT.(for up to $200 million)....that includes BONDS
US-based clearing house CME Group Inc. is allowing physical gold to be used as collateral for margin requirements on all exchange products. This new CME policy is an act of desperation. The decision to “allow physical gold to be used as collateral for margin requirements on all exchange products”, against a backdrop of record prices and widespread abnormalities in gold markets, screams that something is wrong. The policy would never have been proposed unless JPMorgan really, really needed gold.
One wonders if this is merely a way for large banks to begin replenishing their depleted gold coffers (and continue shorting)
ps. Its clear Mr Roubini hasnt done his homework on GOLD
(market watch below & close gaps to see url)
http://www.marketwach.com/story/cme-to-allow-gold- as-collateral-for-all-exchange-products-2009-10-19 |
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By: sly.guy_nsw1
6/11/2009
4:35 pm Yahoo! Profile:
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| Geez! I just watched the full ver. of the movie.. I did not know it was possible to do that with a melon... The officials in the background seemed to enjoy the show though... except for the fella whjo threw up at the extreme left of the picture in the last scene... Maybe he was the sensitive one in the negotiating team. Poor guy! He missed the "finale" and the "Bo Peep" performer. |
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By: sly.guy_nsw1
6/11/2009
4:33 pm Yahoo! Profile:
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| Hey Wendy baby! I checked Google... The ADDRESS you provided appears to be the same as the one shown for the Shanghai, (Pudong) Central Peoples Republican Army, (PLA) Barracks. Whats your rank then sweety? You just back from smoothing out creases in the recent Guinea negotiations.. That wasn't you in the UTube movie which was recently posted online ... was it? Long black hair.. long legs.. slim.. great smile and.. Ummmm. Well. Just see the movie :) |
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By: perceptions_now
6/11/2009
4:28 pm Yahoo! Profile:
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What the? Wendy are you in the right place? Are you lost?
===========
NOT LOST!
I HAVE SEEN WNEDY'S POST POP UP ELSEWHERE, I WOULD RECOMMEND AGAINST GOING ONTO WENDY'S WEBSITE!
PS - The Yahoo moderator has already taken action to delete the other post and I trust this one will get the same result. |
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By: sly.guy_nsw1
6/11/2009
4:25 pm Yahoo! Profile:
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| Oh Kraps!! I spilled some beer on the keyboard!!! |
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By: sly.guy_nsw1
6/11/2009
4:24 pm Yahoo! Profile:
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Dear Ms. Wen,
I am writing to apply for the position of country manager.
With no experience whatsoever and having no knowledge of whatever it is you are trying to seel I feel i am just as well prepared to assist with the marketing of the product which you decided to introduce to us all here on these pages.
You may rest assured that though your unsolicited and very unwelcome attempts to introduce us to your most inapropriate of products shall not be greeted with warmth her, you are nevertheless free to continue your attemots to sell online via these pages until such time as yoru ID quite properly revoked by the MODERATOR.
Please be kind enough to contact me C/O the P.R. of China Government Embassy here as and when you feel ready to volunteer the local party chief your services.
Thankfully and in anticipation of your offer of employment.
Sincerely, SLY. |
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By: hdmausguy
6/11/2009
3:42 pm Yahoo! Profile:
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| I'm debt free so somebody else has my $1.60? |
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By: mentawaisurf
6/11/2009
1:21 pm Yahoo! Profile:
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| Jay, Australia's consumer debt exceeds that of the US (now at $1.60 per $1 of income). |
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By: jaymarcel
6/11/2009
12:51 pm Yahoo! Profile:
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| What the? Wendy are you in the right place? Are you lost? |
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By: jaymarcel
6/11/2009
12:50 pm Yahoo! Profile:
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hd, I do think gold is close to peaking & it is all speculation which will come to an end over the next 12 months. What are your thoughts on the preference of gold over Platinum or Rhodium?
To me I feel safer with something we all want & need, "property" I'm not willing to claim property will never fall but long term I feel in Australia it is a safer bet & will always recover to a higher value.
Just got to make sure not to get into a forced sale position.
World debt is not in an ideal position but I believe is in a manageable position, we just need to educate people on what is good debt & what is bad debt, here in Australia we have a fair way to go to hit our peak borrowing capacity, the UK & US have been there for a long time, which is why they have suffered now.
I'm too new to the 'J' curve but will get back to you. |
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By: wendywen85
6/11/2009
12:44 pm |
Message deleted. |
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By: mentawaisurf
6/11/2009
12:43 pm Yahoo! Profile:
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Hugh, there's likely to be support for gold as money flees equities looking for a safe place to hide. But as Roubini says, the deleveraging of positions would see a dollar reversal which could smash this rally, including the gold rally.
At the end of the day, debtors will sell ALL their assets to pay back debt because creditors will demand cash - not stocks or commodities or even gold. |
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By: hdmausguy
6/11/2009
12:21 pm Yahoo! Profile:
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| Menta - What do you think will happen to gold & P M's + producing gold mines in the next few years? What do you think of the popular view on gold that "when" the market tanks there'll be a stampede into safe assets,including gold? There's been suggestions that $5koz will be reached in 2012? |
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By: jaymarcel
6/11/2009
12:17 pm Yahoo! Profile:
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| Hi Ralph, but we do have to talk about majority not minority. Majority live in the city, the suburbs & growth areas. |
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By: mentawaisurf
6/11/2009
11:53 am Yahoo! Profile:
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It's not Armageddon or the end of the world. But we are in an unfolding super-cycle bear market that should not bottom until at least 2012. We survived the 1930s and we'll survive this era too. It won't be pretty but it will be necessary so that we may again progress in a sustainable manner moving forward without a return to the debt fueled consumerism and rampant speculation that caused the crisis.
Meanwhile, contrary to what our mainstream economists and financial media are proclaiming, the worst is not over. In fact it appears increasingly likely that the major declines of the bear market lie dead ahead. Caution is the prudent strategy as it's now all about return of investment - not return on investment.
"Since asset prices are being inflated by a weak dollar right now, a dollar reversal could smash this rally, says Nouriel Roubini. The perfectly correlated bubble across all global asset classes gets bigger by the day."
"In the short run, what's happening is that there is a wall of liquidity, not just in the United States but around the world, that is chasing assets. It is equities, commodities, it's credit, it is gold, it is emerging market asset classes".
"We have the mother-of-all carry trades. Everybody is borrowing, shorting the dollar, and investing in assets all over the world."
"Once the dollar reverses, you need to close your shorts, dump assets..."
This unwinding will hit hard and fast and lead to a surge in the USD and a collapse in asset prices around the world, including Australia. Given the USD seems to be in a major bottoming process, while stocks, commodities, real estate and other currencies appear to be topping, the key market trend reversal is looming. |
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By: hdmausguy
6/11/2009
11:43 am Yahoo! Profile:
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| jay - Did you notice the word "decoupling" in my post on gold. This will take quite some time to emerge. In recent days we've had the USD index rising,the DOW rising & falling and gold rising or remaining steady. Over time gold will rise to it's true market value once the manipulators have their influence controlled. What's your view on world debt? The future effects on Australia & G20 in the next 5 years? A look on the net at the "j" curve debt chart graphs will give you a quick & easy overview. Also do I read you correctly that your view is that gold has peaked & it will drop in price? |
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