Debt Rattle Mar 24 2014: How Charles Ponzi Met His Maker
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Werner Wolff Sidewalk sign, New York City August 1963 Obama has apparently asked Chinese President Xi Jinping for help in “restraining” Putin, but Chi
[See the full post at: Debt Rattle Mar 24 2014: How Charles Ponzi Met His Maker]“Checkmate for Cheap Unconventional Gas”
https://www.ft.com/intl/cms/s/0/3ba2a206-b0f2-11e3-9f6f-00144feab7de.html#axzz2wvmCEM8I
Hard to figure the Worlds Central Planning Central Banks won’t have several new bubbles going before they pop the one of the day. Certainly an advantage ol’ Chuck P. never had?
I mean, look at the Fed’s recent performance. They have fine new bubbles going in Real Estate and Stocks again, with a Bond bubble thrown in just for ducks.
Humm, is a new Precious Metals bubble on the horizon? Been a while.
Professorlocknload – they certainly have engineered a real estate bubble (mostly all cash deals by institutional investors/hedge funds or foreign purchasers [Chinese], as mortgage applications are way down).
“Applications are 35% below levels at the depths of the 2008/2009 recession. Applications are 65% below levels at the housing market peak in 2005. They are even 35% below 2000 levels.”
Ditto with the stock market. But you’re right, the world’s central banks are blowing bubbles for all they’re worth. Who’s benefitting? Those who can borrow first at next to nothing. For them, the music plays on.
Raleigh, ” Who’s benefitting? Those who can borrow first at next to nothing.”
Ah, yes, this is how all great inflations begin. He who spends it first gets maximum benefit. Those buying into real goods will look smart in a few years.
Hard part is knowing when these things have overshot reality. Especially when the value of the debt currency is so difficult to determine, with price discovery mechanisms now rendered dysfunctional by the State.
When one stops and ponders, what alternative is there for depreciating cash under such circumstances?
TPTB must be ecstatic. They have nearly achieved their “State Controlled Capitalism” (Fascism) dream, as he who controls the currency controls the means of production,,,for a while anyway. Of course, when it all fails to produce, and collapses, we won’t hear a peep from them.
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