Financial Armageddon!!

[elguapo]

GEORGE Soros's record is sufficiently impressive, particularly on macro-economic calls, that it is worth taking notice when he sounds the alarm.

His latest suggestion is that the current environment reminds him of 2008, the prelude to one of the worst bear markets in history.

In 2008 the bear market was in full swing. Soros purchased a huge stake in Lehman Brothers just before it collapsed in 2008 and lost several hundred million. On top of which, he's been predicting 'worse than 2008' for at least the last 5 years.

He's no wiser than any other talking head. Someone should ask Michael Burry or John Paulson.

[Perry]

. . . . he's been predicting 'worse than 2008' for at least the last 5 years.

Well, surely he'll be right, eventually?

[elguapo]

Well, surely he'll be right, eventually?

You would think that, but it's not always the case!

[Perry]

Donald Trump on China
11 Jan 2016

And at the Iowa rally on Saturday, the prospective Republican nominee lashed out
at Beijing for perpetrating what he described as a massive heist of American money
and jobs. "They have taken so much of our money with trade. They have taken
everything. They have taken our jobs, our money, they've taken our base, they've
taken so much," Trump said. "Literally, it's one of the great thefts in the history of
the world, what they've done to our country."

The horrid and bitter irony is that China did not take or steal or heist anything.
What they have was willingly given to them via Free Trade Agreements.

[Wayne]

Never let the facts get in the way of a good Trump story.
He would make a fascinating President.
If they were to vote him in they would totally deserve what they get.

[eri]

^

bush the moron made a big enough mess of the world

shudder to think

of someone seemingly stupider

+ a bully

being given the keys

to the world's biggest

war machine

meanwhile in nz

https://www.youtube.com/watch?time_c...&v=V-nSxFimoHg

[eri]

shares to be battered senseless by end 2016?

"Sell everything except high quality bonds.

This is about return of capital, not return on capital.

In a crowded hall, exit doors are small," the bank said in a client note

Warnings by the Royal Bank of Scotland (RBS) that financial markets are in for a "cataclysmic year" are overstated, according to some New Zealand investment specialists.

Mark Lister, head of private wealth research at Craigs Investment Partners, concurred with some of the RBS' concerns,

but said the world was not on the brink of another Global Financial Crisis.

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11572807

[Damap]

Trump is exactly what the US needs actually. Someone brave enough to tackle their entitlement issues etc. He has a real shot the way things are going.

[drelly]

Trump is exactly what the US needs actually. Someone brave enough to tackle their entitlement issues etc. He has a real shot the way things are going.

Oh yeah... terrorist groups are using videos of his anti-muslim statements to help recruit new followers. He's doing an awesome job.

[elguapo]

Oh yeah... terrorist groups are using videos of his anti-muslim statements to help recruit new followers. He's doing an awesome job.

They use Obama as well, what's new about it?

[Damap]

Stupid statement for you Drelly. I think it is more and more likely he will get in. And making your country safe from ISIL is a good thing. Clinton won't beat Trump.

[AlFa]

Stupid statement for you Drelly. I think it is more and more likely he will get in. And making your country safe from ISIL is a good thing. Clinton won't beat Trump.

I thought it was in CIA-ISIL contract not to cut the branch you get money from?

[Bluekiwi]

Where will people put money with shares about to crash, where will people go with economies cracking, and political issues snowballing......

Great time to be in Auckland property isn't it.

Even have lowest interest rates for decades and a lull in the market right about now.

My theory is that terror is in its infancy with exponential growth in it, as they get their nasty hands on higher tech methods.

What is the safest secure country in the world, an island far away from the new woes of the world.

Good old Hobbiton.

(Although of course we cant stay pure for ever and a bit like Saruman, we will likely have a little bit of evil visit us).

Don't forget the impact of LOTR when things go bad, everyone knows us now, they have visited and they know where the safest place on Earth is.

[eri]

interesting

google's chief economist

(that's right, they have a chief economist - fair enough their economy is probably bigger than many countries)

thinks the problem is not the poor productivity of the modern economy

but the 70 year old tools economists use to try and measure it

traditional measures of economic growth and productivity were developed in the manufacturing era of the 1930s and 1940s when economists focused on tangible things such as steel production and the man hours required to make stuff.

Official US productivity figures today suggest economic output per hour worked has barely moved over the past 10 years.

In fact, it has fallen in the past six months, raising alarm bells for the government and the Federal Reserve.

Similarly worrying productivity trends have been observed in China - hence the economic pessimism of recent weeks.

Varian, however, says there is a productivity explosion under way with technology enabling people and companies to do things better and faster;

yet this improvement is not being measured.

http://www.nzherald.co.nz/fisher-fun...ectid=11576901

[Perry]

The "measuring tools problem" is mentioned
by another economist in this post.