RBS Warns: Sell Everything

Discussion in 'Politics' started by SuperCourse, Jan 12, 2016.

  1. SuperCourse

    SuperCourse Someday You'll Hate Amazon Too.

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    http://www.oftwominds.com/blogjan16/China-housing1-16.html


    Could China's Housing Bubble Bring Down the Global Economy?
    January 14, 2016
    Who's going to buy the tens of millions of empty flats held as investments?

    I've been writing a lot about China recently because it's becoming increasingly clear that China's economy is slowing and the authority's "fixes" are not turning it around. That means the engine that pulled the global economy out of the 2009 recession has stalled.
    Many people see China's slowdown as the source of the next global recession, but few seem to realize the extreme vulnerability of China's vast housing market and the many knock-on consequences of that market grinding to a halt.
    I've just completed a comprehensive review of China's housing market, and now realize it's much worse than the consensus understands.
     
  2. ABFer

    ABFer Super Moderator Staff Member

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  3. ABFer

    ABFer Super Moderator Staff Member

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    Here's your solution, Mr. Magoo
    https://www.jgwentworth.com/
     
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  4. Magoo

    Magoo You don't have to be Einstein to figure it out

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    Yes a structured settlement for my lottery winnings!
     
  5. Rastus

    Rastus ......Deplorable.....

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    I'll believe you won the lottery when you call for tax cuts for the rich.
     
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  6. Northern Flash

    Northern Flash Piss on our Flag, get a boycott against you.

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    Barry will keep pumping money into the market until he's gone. Then the evil Republicans can take the blame for that also. (along with everything else that he's effed up.)
     
  7. Northern Flash

    Northern Flash Piss on our Flag, get a boycott against you.

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    Bernie would tank the market, and it would be a great time to buy, but the economy will be toast, and we might be listening to Rossetta Stone DVD's on how to speak Chinese.
     
  8. jimmy g

    jimmy g Kook

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    Carter pumped one and one half our money supply of made up money into the economy, and getting back to normal caused 22% interest. Obama pumped something like 6-8 times More than our money supply into our economy. The last two times that happened were Zimbabwe and the Weimar Republic.
     
  9. SuperCourse

    SuperCourse Someday You'll Hate Amazon Too.

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    Hopefully many heeded the RBS advice to sell everything and didn't listen to the tuesday night fairy tales, cash is king.
     
  10. SuperCourse

    SuperCourse Someday You'll Hate Amazon Too.

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    Walmart to close 154 stores in the US.
     
  11. ABFer

    ABFer Super Moderator Staff Member

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    I won't be happy until Walmart closes all US stores and moves to third world countries where they belong.
     
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  12. Rastus

    Rastus ......Deplorable.....

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    They probably will.
    Like in Mexico next to the auto plants GM and Ford are building there. :duh:
     
  13. jimmy g

    jimmy g Kook

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    My 2003 Ford Focus was built 100% in Mexico, I've discovered. So too, the $140,000 2013 International Prostar my boss provides for me to drive each week.
     
  14. Magoo

    Magoo You don't have to be Einstein to figure it out

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    I think The Donald has stuff made there too, there and China
     
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  15. Rastus

    Rastus ......Deplorable.....

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    Really. Ford and especially GM with their bailout building plants in Mexico Buick importing cars from China but if you buy a Toyota or Honda built in the USA people look down their noses at you. Who even cares anymore.
     
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  16. Northern Flash

    Northern Flash Piss on our Flag, get a boycott against you.

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    But Obama claims that his economy is really rockin' and rollin'.
     
  17. SuperCourse

    SuperCourse Someday You'll Hate Amazon Too.

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    The unemployment rate is 5%, we don't have workers, we have people but they're not workers.
     
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  18. SuperCourse

    SuperCourse Someday You'll Hate Amazon Too.

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    http://www.cnbc.com/2016/01/15/a-recession-worse-than-2008-is-coming-commentary.html

    Banks may be better off today than they were leading up to the Great Recession but the government and Fed's balance sheets have become insolvent in the wake of their inane effort to borrow and print the economy back to health. As a result, the federal government's debt has now soared to nearly 600 percent of total revenue. And the Fed has spent the last eight years leveraging up its balance sheet 77-to-1 in its goal to peg short-term interest rates at zero percent.
     
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  19. Rastus

    Rastus ......Deplorable.....

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    Not to mention the nat'l debt. A kid graduates college and before he finds a job owes the Feds $158,000. That's a fairly nice house in most areas.

    Add everything up and something bad almost has to happen.
     
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  20. SuperCourse

    SuperCourse Someday You'll Hate Amazon Too.

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    College campuses have become luxurious resorts rather than institutions of higher learning. No wonder they're so expensive.

    California dorms. [​IMG]

    Texas Tech water park. [​IMG]

    Dorm room.
    [​IMG]
     
    Last edited: Jan 16, 2016

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