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Forums / Politics

Second Dip

62 durable postsStarted 2011-08-18Latest 2011-10-11

#1543829Post 41 of 622011-09-15

Re: Second Dip

sure, but the majority of people are getting fucked. most of my friends and family back home are having tough times, there are a few making bank, but the average person isn't doing so hot. US is still fucked. asians work harder, study harder and want it more. americans are mostly lazy and think the world owes them everything.

living in asia, i feel like i'm around something that's growing everyday and the best is yet to come. when i was in the states, it felt like everyone was looking back on the past and longing for the good old days.

#1543833Post 42 of 622011-09-15

Re: Second Dip

[QUOTE=tiddles;988375] living in asia, i feel like i'm around something that's growing everyday and the best is yet to come. when i was in the states, it felt like everyone was looking back on the past and longing for the good old days.[/QUOTE]

I would agree with this. Also I'd say some of the people being fucked are waiting for the good times again and expecting it to come to them because they live in the USA, and they think thats how it's done. Well reality check for those people, those days are over...

I moved 2k miles across the country by myself with no friends or family for a new job, and everyone on my team is from a different part of the country or the world, and about all the other teams at work are like that too. I think part of it has to do with your drive and also willingness to bust your ass to succeed IMO.

#1543845Post 43 of 622011-09-15

Re: Second Dip

[QUOTE=tiddles;988375]asians work harder, study harder and want it more.[/QUOTE]

Very true.

#1543848Post 44 of 622011-09-15

Re: Second Dip

Tiger moms.

#1543857Post 45 of 622011-09-15

Re: Second Dip

o.1 GDP growth last quarter , retail sales flat and analysts see 1in3 chance...fed may declare new measures on Tuesday...won't hold my breath...but Runningman can hope for QE3 :)

#1549059Post 46 of 622011-09-22

Re: Second Dip

[IMG]http://jordanmetcalfe.files.wordpress.com/2010/12/imgname-economists_warn_that_a_double_dip_recession_is_now_more_likely-50226711-images-bull.jpg[/IMG]

The bull is dead and even China is joining the trend with their latest figures

#1549483Post 47 of 622011-09-25

Re: Second Dip

I think this guy has put it pretty well:

[QUOTE]ALAN KOHLER, PRESENTER: This week's panic on global markets is almost entirely a reaction to dysfunctional politics.

The long, slow default of Greece has left Europe's financial system on the edge of a precipice, but the political leaders have so far only been able or willing to come up with short-term solutions. Stop-gap liquidity is being provided, but its continuation is subject to uncertain political whim.

In the United States, they can't even manage short-term solutions to the fading economic recovery and the refusal of the labour and housing markets to recover at all. More monetary and fiscal stimulus is obviously required while the housing sector deleverages and the corporate sectors sits on its $2 trillion in cash, but Congress and the White House are engaged in a stand-off and now the Federal Reserve is firing blanks.

This week's action by the Fed was worse than useless, selling short-dated bonds and buying long-term bonds with the aim of getting the long-term mortgage rates down simply highlighted the fact that money printing, where you buy bonds but don't sell anything first, is finished.

Moreover, there's now an official chorus of anxious, impotent bleating from the IMF, the Fed and the World Bank. No wonder investors are panicking. It could get a lot worse from here. [/QUOTE]

[url]http://www.abc.net.au/insidebusiness/content/2011/s3325279.htm[/url]

So this week we see the inclusion of [I]Operation Twist[/I] - the safe haven of lowering short term bonds. Again, the above mentioned point of short-term solutions by just changing the Fed's portfolio is again not a holistic approach, but having said that this may ease the unemployment rate and consumer debts/loans but in the long run can it change anything?

The leaders talk of the 3 R's; Repair, Restore, and Rebalance but one thing in certainty is the R on every investors mind: Recession.

#1549489Post 48 of 622011-09-25

Re: Second Dip

Yeah it looks bad news. Feels to me like the whole system is on the verge of collapse, I think this goes beyond the usual cycles of fluctuating fortunes and currency

#1549584Post 49 of 622011-09-25

Re: Second Dip

The season has fall has hit the northern hemisphere. Well tis' the reason for the season.

#1551195Post 50 of 622011-10-04

Re: Second Dip

I would say today is the beginning...

#1551559Post 51 of 622011-10-05

Re: Second Dip

Thank you Greece: Long's on CFD's and now we wait...1 more year :lol: Smiles all round

#1551676Post 52 of 622011-10-06

Re: Second Dip

[QUOTE][B]IMF Europe director Antonio Borges warned today that a global recession in 2012 "can't be ruled out," citing a possibility that "activity will turn downwards." [/B] The IMF released its economic outlook for Europe in Brussels, at a time when the eurozone sovereign debt crisis is mutating into a new banking crisis, and "therefore we recommend changing economic policy" away from austerity and back towards stimulus, the 100-page report said. Borges said there had been a major change in market sentiments in recent months, and "many investors all over the world became far more risk averse than before." He added: "We still predict growth in 2012, but very modest," with the probability the economy will "stall" by year-end making recession a live threat, especially in Europe.

                      Changes in fiscal policy would be required, Borges said.
                  "If  ever there was a more significant recession in Europe - I hope that is  not the case but we cannot exlude it - then we might have changed  recommendations," he said.
                  "All those countries with fiscal leeway might want to consider that," he said, though he specifically ruled out Italy and Spain.

[/QUOTE]

[url]http://www.heraldsun.com.au/news/breaking-news/imf-warns-global-recession-in-2012-cant-be-ruled-out/story-e6frf7jx-1226159620539[/url]

Hooray!

#1551793Post 53 of 622011-10-06

Re: Second Dip

[QUOTE=Shpira;986549]QE3 here we come [/QUOTE]

£75bn of it, wish [I]my[/I] printer could do that

[I]Osborne today: QE is 'appropriate tool'.

On 09.01.09: "QE is the last resort of desperate governments when all other policies have failed".[/I]

#1551879Post 54 of 622011-10-07

Re: Second Dip

[QUOTE=bobjuice;993833]£75bn of it, wish [I]my[/I] printer could do that

[I]Osborne today: QE is 'appropriate tool'.

On 09.01.09: "QE is the last resort of desperate governments when all other policies have failed".[/I][/QUOTE]

every time i hear the term 'quantitative easing' i think if a commoner bending over with a big giant fist full of cash being eased into the sphincter.

funny you point out the printer bit. makes me wonder...will there be a time when the government can't print fast enough and they just up and decide to tell people "print your own money, it works faster"....

#1551958Post 55 of 622011-10-07

Re: Second Dip

[URL="http://insider.thomsonreuters.com/link.html?cn=uidTWASIA&cid=265773&shareToken=MzpkMzJjMDcxNi03YTcyLTQ5YzAtYWEyZC05ZWY4Y2MyZGFiMjU%3D&start=0&end=303"]http://insider.thomsonreuters.com/link.html?cn=uidTWASIA&cid=265773&shareToken=MzpkMzJjMDcxNi03YTcyLTQ5YzAtYWEyZC05ZWY4Y2MyZGFiMjU%3D&start=0&end=303

T[/URL]his guy is pretty damn clever...

#1552009Post 56 of 622011-10-07

Re: Second Dip

and this is where we are at...fucking mental!

[URL]http://www.zerohedge.com/news/primex-time-next-subprime-trade-has-come[/URL]

#1552128Post 57 of 622011-10-07

Re: Second Dip

^Yeah was reading that before. Shits hit the fan pretty bad...

#1552129Post 58 of 622011-10-07

Re: Second Dip

[QUOTE=88Mariner;993940] funny you point out the printer bit. makes me wonder...will there be a time when the government can't print fast enough and they just up and decide to tell people "print your own money, it works faster"....[/QUOTE]

I can't help but think, by then, the cost of printer ink will mean it's not worth anyone's while

#1552148Post 59 of 622011-10-07

Re: Second Dip

Cashless society, here we come...

And it's all because of a few bumbling financial firms who became a little too chummy with the govt. (and representatives who allowed it to happen, along with attempting to make the American "dream" available even to those who couldn't afford it) and as a result became too big to fail. Sick, sick, SICK.

#1552202Post 60 of 622011-10-08

Re: Second Dip

[QUOTE=vinnie97;994260]Cashless society, here we come...

This sums it up for me. Well said.

#1552207Post 61 of 622011-10-08

Re: Second Dip

Apologies for lashing out at you recently, I just thought your Repub fixation (over the so-called jobs bill, which is even lacking D support) was missing the bigger picture. Rabbit hole's so much deeper, the post you quoted likely doesn't encompass it all if you are of the conspiracy theory mindset...which I have sadly become (sadly because it wrecks my sanity and peace of mind; ignorant bliss would be preferable to living like this).

People like to call Ron Paul crazy....they should take a look around them and see the world's already neck deep in madness.

#1553020Post 62 of 622011-10-11

Re: Second Dip

[URL="http://www.thereformedbroker.com/2011/10/09/this-is-why-they-hate-you-and-want-you-to-die/"]http://www.thereformedbroker.com/2011/10/09/this-is-why-they-hate-you-and-want-you-to-die/

p[/URL].s. no such thing as a "reformed broker"