By: thy.nemesis
27/05/2009
7:54 pm Yahoo! Profile:
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| PS Android, have you been follwing the Australian Swine Flu spread!? Infections are about to increase exponentially, with the weekend arrival of an ocean-borne incubator... |
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By: perceptions_now
27/05/2009
7:55 pm Yahoo! Profile:
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"Next week I am again back in your lovely country."
andreisonofslr,
Oh dear, now we really are dooooooomed!!!!!!!!!!!
You have a nice flight now, ya hear, are you flying Garuda?
PS - Why is it "your country", I thought you were a dual citizen, so it should be "our country"? |
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By: andreihicks
27/05/2009
7:57 pm Yahoo! Profile:
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| Ah yes I am a Garuda Frequent Flyer Gold holder..... |
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By: perceptions_now
27/05/2009
9:34 pm Yahoo! Profile:
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""Ah yes I am a Garuda Frequent Flyer Gold holder....."
andreisonofslr,
Good luck!!! |
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By: perceptions_now
27/05/2009
9:59 pm Yahoo! Profile:
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Roubini Says Bottom Of U.S. Recession Not Here Yet
SEOUL (Reuters) - Economist Nouriel Roubini on Wednesday said the end of the global recession is likely to occur at the end of the year rather than the middle, and that U.S. growth will remain below potential afterwards.
"We are not yet at the bottom of the U.S. and the global recession," said Roubini. "The contraction is still occurring and the recession is going to be over more towards the end of the year rather than in the middle of the year."
By REUTERS
Published: May 27, 2009
http://www.nytimes.com/reuters/2009/05/27/business /business-uk-korea-roubini.html?_r=1
Whenever this economic downturn ends, it will not conclude with the usual V shape of most recent Recessions.
There are some very structural factors in play, which will ensure the usual bounce back does not happen.
I expect something along the lines of an L shape or worse? |
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By: perceptions_now
28/05/2009
1:56 pm Yahoo! Profile:
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Marc Faber: Capitalism Could Fail
Monday, May 18, 2009 11:41 AM
By: Dan Weil
Investment guru Marc Faber says the financial system must be cleansed to save capitalism.
"I think the final low in markets will occur when the system is cleaned out," Faber told CNBC.
Unless that happens, "the way communism collapsed, capitalism will collapse," he says. "The best way to deal with any economic problem is to let the market work it through."
He sees the Federal Reserve and other central banks continuing to print piles of money. And the outcome won't be pretty.
"The U.S. government for sure will go bust," Faber says. "That I guarantee you. Not tomorrow, but it will go bust."
He isn't optimistic for the fate of the global economy either.
"I don't think that the global economy will recover anytime soon," he says. "And we have to define what a recovery is."
If economic output drops far enough, a mere revival of inventories can push growth up a bit, creating a mild rebound, Faber says.
"I take 2006 and early 2007 as the peak of prosperity in this long cycle, and I don't think we're going back there anytime soon."
Many other experts share Faber's bearish view of the global economy.
"The debate will continue on whether it's going to be a V, U or L-shaped recession," former World Bank president James Wolfensohn said at a recent conference.
"My own judgment is that its more likely the latter. I don't believe we'll get a quick fix any time soon."
Link -
http://moneynews.newsmax.com/streettalk/faber_capi talism_fail/2009/05/18/215431.html |
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By: felixuosity
28/05/2009
2:01 pm Yahoo! Profile:
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| Faber, like a pus filled boil is a symptom of the disease. |
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By: perceptions_now
28/05/2009
2:12 pm Yahoo! Profile:
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FED oversight review???
Makes you wonder about the RBA oversight?
Link
http://www.youtube.com/watch?v=PXlxBeAvsB8&eurl=ht tp://cryptogon.com/?p%3D8771&feature=player_embedd ed |
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By: perceptions_now
28/05/2009
2:13 pm Yahoo! Profile:
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"a symptom of the disease"
felixuosity,
And which disease would that be? |
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By: new_horizens
28/05/2009
2:15 pm Yahoo! Profile:
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Economic Downturn to Continue
------------------------- ------------------------- ----
Yep... and just remember, all under Labor's watch! |
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By: felixuosity
28/05/2009
2:24 pm Yahoo! Profile:
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"And which disease would that be?"
The pox that is investment charlatanism. |
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By: perceptions_now
28/05/2009
4:30 pm Yahoo! Profile:
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"The pox that is investment charlatanism."
felixuosity,
Yes, I see.
I usually refer to that as Self Interest". |
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By: perceptions_now
28/05/2009
4:32 pm Yahoo! Profile:
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"all under Labor's watch!"
horizens,
You will have to think of something new_! |
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By: new_horizens
28/05/2009
4:36 pm Yahoo! Profile:
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| It's a fact. It's a simple fact. What can I say? It's a truth! One might not like it, but that's the reality! |
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By: perceptions_now
28/05/2009
4:50 pm Yahoo! Profile:
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"It's a fact. It's a simple fact."
horizens,
Ever heard the phrase, "one persons terrorist, is another persons freedom fighter"?
Facts, Truth & Reality, are all simply a matter of a persons perception at that moment in time.
In other words, "we are, at any given time, the sum product of our heredity & environment"! |
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By: perceptions_now
3/06/2009
10:11 am Yahoo! Profile:
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Ok, anyone interested in broadening their knowledge, should spend some time and have a good look at the following links.
Both of the following videos are a little long and I can not vouch for all of the information, but the basics are sound.
They will provide the basics to start your own investigation of things such as Peak Oil, Demographic problems, Climate Change & Peak Food.
There are two major scenario's, one is where the Global economy is slowly choked over a period of time (BOA CONSTRICTOR effect) by the Baby Boomer Bust, until the realisation of what is happening hits the herd and then the economy falls of a cliff.
The second is a lot quicker and the economy simply falls of the cliff, immediately after the herd realises that Peak Oil is real (BLACK PLAQUE effect) and what the ramifications are.
Either way, we have already seen THE PEAK IN THE GLOBAL ECONOMY!
There are those who may remain unconvinced, because their mind is already closed (Ostrich syndrome), but have a look and see where it leads you.
The Crash Course by Chris Martenson -
http://www.chrismartenson.com/crashcourse
And, Arithmetic Population & Energy by Dr Albert Bartlett
http://www.youtube.com/watch?v=F-QA2rkpBSY |
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By: perceptions_now
4/06/2009
10:39 am Yahoo! Profile:
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Bernanke Warns Deficits Threaten Financial Stability
June 3 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said large U.S. budget deficits threaten financial stability and the government can;t continue indefinitely to borrow at the current rate to finance the shortfall.
Bloomberg lin -
http://www.bloomberg.com/apps/news?pid=20601087&si d=aLGYMr_g7PSg
Benanke, like some others, speaks -
Credible
Reliable
Abundant
Paradoxes
Yes, Confidence is down, but that is a symptom, at the crux of this downturn are structural issues that will take, mamy years to work thru, with good intent, from all the responsible parties.
And, the Global & OZ economy will have to adjust to a new paradigm. |
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By: perceptions_now
4/06/2009
3:23 pm Yahoo! Profile:
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Nouriel Roubini (04/05/2009) -
Latvia: Will It Start A Dangerous Domino Effect?
June 3: A failed Latvian government debt auction sent tremors across financial markets as investors feared that emerging markets would struggle to find buyers for a huge wave of sovereign debt issuance.
U.S. Treasury Curve Steepens to Record High: Is This a Green Shoot?
Curve steepening in the government bond yield curve often heralds economic recovery, but that might not be the case this time around. Some observers believe the yield curve is steepening due to concerns over fiscal sustainability and inflation, rather than expectations of economic recovery
On May 27, the 2yr-10yr spread widened to 275bp on a rise in 10yr yield due to supply worries while 2yr yield remained relatively flat. This was the widest spread since 2003.
Eurozone Unemployment Hits Record Level: What Can Be Done?
The seasonally-adjusted Euro Area unemployment rate was 9.2% in April 2009, compared with 8.9% in March while European Union male unemployment rates overtook female rates for the first time since records began (Eurostat, June 2)
Youth unemployment: This is a major issue in countries such as Spain (36%) Sweden (26%) and France (22%) for those under 25 years of age. Labor Economists see huge social consequences if such figures persist. Also see |
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By: thy.nemesis
4/06/2009
3:28 pm Yahoo! Profile:
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Credible
Reliable
Abundant
Paradoxes
===========
CRAP - I Luv it! |
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By: perceptions_now
18/06/2009
4:59 pm Yahoo! Profile:
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"We are over the edge now. It matters not whether you believe me or not. The California treasurer says they will run out of money in 50 days, around July 30th or so. One month into the new fiscal year of 2010 California is going to crash and burn like a gasoline tanker on the freeway. The resulting fire will melt the asphalt, burn the median grass and raise a smoke plume high into the sky. Where California leads, other states, counties and cities will follow. After that, the desperate and increasingly befuddled Obama administration will also follow. And so, just as a group of mountain climbers, tied together for their ascent fall into a crevice, all levels of government will implode by years end. There is no other way to put it. The states, cities and counties are going down starting July 1st. The Feds will follow them starting on October 1st, the beginning of the new Federal fiscal year 2010. The one in which Obama will need to borrow another 2 TRILLION. Borrow it from foreigners who laughed at Turbo Timmy. Borrow it from Russians, Chinese and Arabs who know we are a debtaholic. Russians and Chinese who are even now meeting in Russia to replace the US fiat dollar as the global reserve currency."
Link -
http://stevequayle.com/News.alert/09_Money/090617. hammer.drops.html
So goes the US, so goes the rest! |
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By: andreihicks
18/06/2009
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The US economy should emerge from recession by the late summer, according to economists from some of the country's top banks.
The American Bankers Association's Economic Advisory Committee has said it expects economic activity to increase by 0.5% between July and September.
But committee head Bruce Kasman said, "the economy will return to growth [in the quarter] but not to health."
The bankers also said US unemployment would hit 10% early next year.
Separately, the secretary-general of the Organisation for Economic Co-operation and Development (OECD) has said that economic recovery within the group's 30 countries will begin at the end of this year.
Speaking in Mexico, Angel Gurria added that the US would be one of the first countries to come out of recession.
Housing recovery
US consumer spending, which accounts for about two-thirds of economic growth in the US, should increase in the second half of the year and help to moderate lay-offs and cuts in investment spending, the Economic Advisory Committee said.
"Coupled with support from policy stimulus and an improvement in financial market conditions, these developments have made it likely that the overall economy will expand in the second half of the year," it predicted.
Mr Kasman, chief economist for JP Morgan Chase, also said that a recovery in the housing market would be an "important contributor" to economic growth.
http://news.bbc.co.uk/2/hi/business/8104066.stm |
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By: andreihicks
18/06/2009
5:05 pm Yahoo! Profile:
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Ten of the largest US banks will be able to repay $68bn in government bail-out money, the US Treasury says, a sign the financial crisis is easing.
President Barack Obama welcomed the move but said it was not a sign that "our financial troubles were over".
Banks have been eager to pay back the money to escape potentially onerous government restrictions, such as caps on executive pay.
The banks received the money at the height of the financial crisis.
The Treasury did not name the banks that had received permission to repay the money from the $700bn government bail-out fund, known as Tarp, set up in October.
But JP Morgan, American Express, Bank of New York Mellon, BB&T Corp, Capital One Financial, Morgan Stanley, State Street, Goldman Sachs and US Bancorp confirmed that they had received permission to pay back the money. |
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By: perceptions_now
18/06/2009
5:36 pm Yahoo! Profile:
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andrei,
WHO are YOU trying to CONVINCE and WHAT are YOU trying to SAY? |
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By: perceptions_now
18/06/2009
5:55 pm Yahoo! Profile:
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Feds to California: Drop Dead
"This is not really a surprise. The signals from Washington D.C. have been fairly clear. Nonetheless, it does force the brain trust in Sacramento to focus on home-grown solutions. This piece from the Washington Post has the details [emphasis added]:
Calif. Aid Request Spurned By U.S. (Washington Post, June 16, 2009, David Cho, Brady Dennis and Karl Vick)
The Obama administration has turned back pleas for emergency aid from one of the biggest remaining threats to the economy â the state of California.
Top state officials have gone hat in hand to the administration, armed with dire warnings of a fast-approaching âfiscal meltdownâ caused by a budget shortfall. Concern has grown inside the White House in recent weeks as Californiaâs fiscal condition has worsened, leading to high-level administration meetings. But federal officials are worried that a bailout of California would set off a cascade of demands from other states.
With an economy larger than Canadaâs or Brazilâs, the state is too big to fail, California officials urge.
http://seekingalpha.com/article/143627-feds-to-cal ifornia-drop-dead?source=email |
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By: pansi1951
18/06/2009
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<<Concern has grown inside the White House in recent weeks as Californiaâ??s fiscal condition has worsened, leading to high-level administration meetings.>>
......................... ......................... ..
They should stop being such economic girly-men.
Oh perceptions, whatever happened to those green shoots? I think they were smoking those green shoots when they said that. |
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