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Location: Dismal Nitch, AZ
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US Economy - Who's Afraid of Virginia Woolf?
Lots of spooked "experts" out there these days.
. ~~~~~~~~ . Financial Experts That Are Warning A Great Financial Crisis Is Imminent . Financial Experts That Are Warning A Great Financial Crisis Is Imminent *|* Peak Oil News and Message Boards . ~~~~~~~~ . Larry Edelson: A Ride Through Hell is Coming in the Next Few Months | Z3 News
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Don . "Fully integrated people, in their transparency, tend to not be subject to mechanisms of defense, disguise, deceit, and fraudulence." - - Don R. 1994, an excerpt from My Ass From a Hole in the Ground - A Comparative View |
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09-22-2015, 05:57 PM
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White and Nerdy
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I think it will hang on until the next election.
We've got regulation that will go into effect afterwards, that isn't really reversible, and that will break down the system.
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Shadilay. |
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09-22-2015, 06:22 PM
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Location: Palm Beach, Florida, USA
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Financial experts, leading economists and Tabs have predicted 18 of the last 5 great economic downturns.
The market is going to drop but it's just a run of the mill business cycle event. It's the difference between lean times and the end of time. It will be down for a while but it's not 2008 again.
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MRM 1994 Carrera |
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09-22-2015, 07:04 PM
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Quote:
Good news. So happy to hear that.
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Don . "Fully integrated people, in their transparency, tend to not be subject to mechanisms of defense, disguise, deceit, and fraudulence." - - Don R. 1994, an excerpt from My Ass From a Hole in the Ground - A Comparative View |
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09-22-2015, 07:14 PM
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Location: bottom left corner of the world
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I think the whole world is sick of financial crises, and can't be bothered having one this time around.
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09-22-2015, 07:59 PM
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Join Date: Jan 2012
Location: NW Ohio
Posts: 9,733
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So I should go ahead and finance that new GT3 just to help keep the economy going ?
Way too many people out there that are reckless with thier money. The banks really tightened down the real estate market after 2008, and made it very difficult to qualify for a loan.....not so much anymore. I am amazed daily of the clients who qualify for new homes at my wife's business.....some of them are just plain fools withy thier spending habits. Throw in China trying to be a world power with no concern for rules or regs, and you have a volitale mix. |
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09-23-2015, 03:46 AM
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Registered ConfUser
Join Date: Aug 2006
Location: Waterlogged
Posts: 23,534
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Financial Experts That Are Warning A Great Financial Crisis Is Imminent
...and most of them want to sell you gold, silver or a bridge in Brooklyn.
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Mike “I wouldn’t want to live under the conditions a person could get used to”. -My paternal grandmother having immigrated to America shortly before WWll. |
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09-23-2015, 03:50 AM
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Bandwidth AbUser
Join Date: Nov 2001
Location: SoCal
Posts: 29,522
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Quote:
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Jim R. |
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09-23-2015, 04:19 AM
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Interesting to look at the investment performance of these experts.
For example, check out the performance of the Hussman funds.
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1989 3.2 Carrera coupe; 1988 Westy Vanagon, Zetec; 1986 E28 M30; 1994 W124; 2004 S211 What? Uh . . . “he” and “him”? |
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09-23-2015, 11:11 AM
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Location: Palm Beach, Florida, USA
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Looks like two stars out of five with Mornignstar. Here's a nice analysis of his investment style.
How Should We Look at John Hussman's Performance Numbers? - GuruFocus.com The summary is that sometimes the market is right for his style to work, other times it isn't. He scores by being in the right place at the right time, not by doing anything unique. The S&P 500 still outperforms him. The point I was trying to make in my post above is that any number of folks (sometimes including me) predict cataclysmic market events that never come to pass. If you declare the big market selloff is imminent long enough you will eventually be right. The market indexes are down this year and continue to trend down. It is important to understand why and what it means. The last time we had a down market was the Great Recession when the market lost 50% of its value, so now people are concerned that every dip in the market is the bottom dropping out again. What is happening now is simply the business cycle. As the business cycle matures and starts to slow, businesses cut back, leading to more cutbacks, and so on until we hit equilibrium again. China is a major market and they are going into recession, so that's suppressing earnings of all international companies. That means there's less money being spent everywhere, lower demands, etc. So businesses cut back, prices drop, inventories build up and then are depleted, and finally demand perks back up and companies scale up again. We're simply in a phase where business and industry worldwide is scaling back. The market will drop because companies earn less when the world is scaling back. But it's just cyclic. It is not the bottom dropping out. Times may get pretty tough, but there isn't going to be a financial melt down that is going to put the entire economy at risk again. At least not this time.
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MRM 1994 Carrera |
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09-23-2015, 11:29 AM
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Copenhagen Blue
1989 Porsche 911 Carrera 3.2
