Article

2011-08-25 Economy

Sky is falling or Chicken Little in a panic?

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Posted by Water Modem 2011-08-25 15:48|| || Front Page|| [11130 views ] Top

#1 I like "crashes" or Yield booms as they should be known.

Posted by Bright Pebbles 2011-08-25 15:50|| 2011-08-25 15:50|| Front Page Top

#2 Pay the piper now or pay him later when the price is even higher.

Posted by Anguper Hupomosing9418 2011-08-25 16:16|| 2011-08-25 16:16|| Front Page Top

#3 Or perhaps some of Heinlein's "bad luck".

Posted by Pollyandrew 2011-08-25 16:18|| 2011-08-25 16:18|| Front Page Top

#4 Three points:
1) Credit Default Swaps are still being traded. I thought they had been made illegal?
2) The market is saying there is a 1/3 chance of Royal Bank of Scotland defaulting.
3) This could happen in Sept. or Oct.

Posted by Frozen Al 2011-08-25 18:00|| 2011-08-25 18:00|| Front Page Top

#5 My main point since 2007 is that things will get worse until the mountain of bad debt is discharged. Just when or to whom the bad stuff will happen isn't that predictable.

Posted by Anguper Hupomosing9418 2011-08-25 19:27|| 2011-08-25 19:27|| Front Page Top

#6 to whom the bad stuff will happen isn't that predictable

It's very predictaqble; it will happen to those who have assets but not political connections.

Posted by Glenmore 2011-08-25 19:46|| 2011-08-25 19:46|| Front Page Top

#7 #6 - you indeed have a point. But I was thinking of the Bank of America going out of business before the Royal Bank of Scotland, that sort of thing.

Posted by Anguper Hupomosing9418 2011-08-25 19:53|| 2011-08-25 19:53|| Front Page Top

#8 They're too big to fail, so your assets will be inflated to valuelessness while their liabilities will be deflated away.

Posted by Glenmore 2011-08-25 21:07|| 2011-08-25 21:07|| Front Page Top

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