Makes me wonder if the "bubble" is over with all this talk of a double-dip recession and Groupon/SEC ordeal.
Money has to go somewhere. I would still rather own a good, expensive, tech company than treasuries or other low to negative yield investments.
The good tech companies can be profitable with some adjustments and don't need IPOs to survive. The best hardly need outside investment. That doesn't make for much of a bubble.
- Greece has defaulted. After that, Italy/Ireland/Portugal/Spain/Austria/Belgium will soon follow, and France will be downgraded, and Germany will leave the EU.
- Japan is suffering -5% GDP per year. 70% of the nuclear reactors are offline. Rice/Beef/Vegetable/Water radiations have been reported.
- China's stock market just dropped 30%. The hidden banking crisis will finally surface and blow up alot of banks. The ugly inflation that follows will induce further unrest in a country of a billion people.
- US is about to have a series of downgrades. States and local munis will seek bankruptcies after downgrades. Hyperinflation will start. Social security, medicare will be wiped out.
All signs point to the second dip in the global economic depression.
US is about to have a series of downgrades. States and local munis will seek bankruptcies after downgrades. Hyperinflation will start. Social security, medicare will be wiped out.
This sounds more like hyperbolic doomsday predictions than a likely outcome.
Rest assured, the Union itself is here to stay.
And I disagree with your statement of "[h]yperinflation will start":
"Treasury yields remain near historical lows. Investors are willing to accept negative real returns on American government debt out to 7 years. When it comes to perceived asset safety, few investments compare. And the worse things look, the better Treasuries look."[1]
1. http://www.economist.com/blogs/freeexchange/2011/08/american...
You're overstating that -- I smell a troll. Greece did not default.
China's stock market just dropped 30%
False. It dropped 3.9%, hardly a serious problem for the Hong Kong market.
After that, Italy/Ireland/Portugal/Spain/Austria/Belgium will soon follow, and France will be downgraded, and Germany will leave the EU.
Yes, and then the sea will turn to blood, the fields will be infested with locusts, the Moon will explode, and every human on Earth will break out with huge boils on their skin.
Soon we'll all be living in caves and hurling feces at each other.
So Europe's bank implodes. People will live normally, just with more austerity. Who said caves and feces?
In http://www.telegraph.co.uk/finance/financialcrisis/8653634/G... I see Greece being described as having defaulted. Perhaps it is not publicly being called a default, but for all intents and purposes it is one.
The trick is that private parties are supposed to "voluntarily" forgive Greek debts. But they are negotiating with a gun to their head. And one way or another Greece won't be paying what it says it owes.
So some people call it a default. Others don't. But it is a pretty fine distinction either way.
China did not drop 30%. Predicting Austria will default is highly negative speculation. Hyperinflation in the USA? Not anytime soon. It is still the reserve currency, especially in oil, if not by merit then by default. What else is there?
Shit's getting serious, yes, but I think your list takes it too far.
I bet you a trillion dollars that it won't.