Thisabouthastobeabearmarketthoughaseveryingredientinhistoryisliningupforabigone.YoucanseethecreditsqueezedrivingtheyenupaseventheEuroisweakagainstit.Theworldneedscreditandthereisn'tany.
ThereisonethingaboutElliottwave.Themovesinthemarketsdon'thavetomakesensewiththenews.WhyonGodsgreenearthwouldthestockmarketsaroundtheworldmakenewhighswhenitwasprettycleartothoseinsidethefinancialstherewasacredit...[
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whywouldyouwanttoinvestinanythingaboutcommoditiesotherthanmaybegold.Thecommercialsareinthisbusiness.Whatwouldyoudowith50,000bushelsofwheatotherthanpaystorageonit?Thesameevenforcopperandasfarasthatgoes,yougettoofarintosilver,italsopilesuptoquiteaweight.Theworldgetstheideathatinvestmentandspeculationarethesame.
Idobelievetherearewealthypeoplethatdoinvestincommodities.But,theyhavehistoryontheirsi...[
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RecessionwithoutRomance RecessionwithoutRomance
Eventhesmartcontrariansareconfusedbyourpredicament
PaulB.Farrell,oneofmyfavoriteeconomicswritersatMarketWatch,published17reasonsAmericaneedsarecessiontodaytomakethecase,"Yes,Americaneedsarecession.BernankeandPaulsonwon'tadmitit.Andinvestorshatethem.We'realltrappedinoutdated1990swishfulthinkingabouta"neweconomy"and"perpetualgro...[
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Thegreatdepressionof2008–themotherofalldepressions ArticlebyPascalMolliere Saturday17thNovember2007,01:46 2008issettobethedarkesteveryearinfinancialhistoryaccordingtoGoldmanSachs–anewreportclaims.
TheTimesreportsthatthecreditcrunchissoseriousthatitmayforcetheUSbankingsystemtocutlendingbyasmuchas$4,000billion,promptinga“substantialrecession”intheUS....[
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中國曆史留給中國十四大"中國特色"哲龍博客
第一個中國特色,(排斥外地人):
中國的地方語言和外國話差不多,外地人根本聽不懂,再加上巨大的民族差別,習俗差別,信仰差別,本地人產生強烈的地方意識情緒和排斥外地人是必然的事情。
第二個中國特色,(內部爭鬥拚殺不懂友好關愛):
中國曆史就是窩裏鬥的曆史,春秋無義戰,戰國七國並列,秦漢大[
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專訪章詒和:被強製遺忘的四大禁區,我就是“怨婦”
發布者thchen在07-11-1909:17
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亞洲周刊江迅/反右運動、三年大饑荒、十年文化革命、八九六四槍聲,合在一起,是被強製性遺忘的四大禁區。僅僅建立文革博物館是不夠的,應建四大博物館,這才是正視當代曆史的科學態度。了解和反思[
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theonethingthatgetstheseguysisinterestraterisk.Notmanypeoplethatput20%downonahomeeverlosethepropertyanduntiltheentireportfoliogoesunderwater,thesurfacelooksprettygood.Theymightbethefronton$4trillion,buttheyholdthepaperonsomethinglike20millionhomes.Theycouldendupowning20millionhomes.
Theinsurersareinamoreperilousposition.IthinkthebailoutwouldbetherealongtimebeforeithittheGSE's.Houstonwehaveapro...[
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Areweinthemidstofatrainwreckorjustahiccup?Thelikelylossesoutofsubprimewillandhastakendownsomeinstitutions,buttheyaren'tenoughtofliptheworldupsidedown.Thereisthephysicalcollateral,notpapercollateralbehindtheseloans.Therealestatecrunch,mostlikelyincommercialaswellasresidentialisanothermatter.Itmightbeonlyamodestpercentageoftheeconomy,butitisapercentagethatineconomicsisamultipliedpercentage,meaningit...[
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thereismorethanapossibilityofamajorbearmarketinmostassets.Oilmaynotfallbelow$70,buttherestoftheeconomyshouldbeinaneightyearcycledownbecauseof:
1.Creditbubblepopped;
2.RealEstatebubblepopped;
3.Consumerspendinghaslostitsfueldueto1&2;
4.Oilwillremainexpensiveandtaxconsumersmore;
4.Businesswillhavetocutback;
5.TheUSDwillnotbouncebacktoover100;
6.Asiancountrieswillnotke...[
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InmyopiniontheREbrokeristhelowestformoflifeonthisplanet.Iftheytoldahomebuyerto"buythehouseregradlessofwhatloanyouhavetogetbecauseitcanonlygoupinprice",whatdidtheyhavetolose?Theywouldgettheircommissionregardlessofwhathappenedtothebuyer.
Thesecondchiefculpritisthebuyerthemselves.They"knew"thatpropertyvaluescouldnotgodown,sowhynotbuyallthattheycould?Afterall,ifyourincomeis$20,000/yearandyouwereab...[
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