Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

A Sobering look at the Markets...Debt Induced Secular Bear Market-Deleveraging Continues

beebee
edited January 2012 in Off-Topic
Sobering up after a few decades of partying isn't going to be pretty:

From the article:

"if Europe and Asia continue declining, and in some cases imploding, the interconnectivity will make the deleveraging spiral much worse. The countries with the most excess debt, and also the ones that depend upon exports, will be doing everything in their power to debase their currencies in order to try to export their way out of the deleveraging cycle (competitive devaluations as seen in last chart, Cycle of Deflation authored by Comstock Partners, Inc.). The currency race to the bottom will not be a pretty one."

http://comstockfunds.com/(X(1)S(ji1vig552lgsxd45j0xprd45))/default.aspx?act=newsletter.aspx&category=SpecialReport&AspxAutoDetectCookieSupport=1

Comments

  • edited January 2012
    "The free markets would have set the supply-demand balance"

    Would those be the very same free markets that got us into this mess by manipulating and distorting the "supply-demand balance"?)

    "Naturally, this also couldn't have taken place if we had any kind of stringent regulation of "Wall Street"

    The usual self-contradictory claptrap: Let's have free markets but with stringent regulation. Hello?
  • Reply to @Old_Joe: Let's have stringent regulation and later work on eliminating and weakening them to the point of being useless by labeling regulation as evil. And when things ultimately get shafted, let's blame the regulators. And somehow in the re-regulation process, manage to confuse people that it was the regulations that caused the mess and get common people vote against their best interests.
  • Investor: a bit tongue in cheek? Untrammeled capitalism will screw and impoverish all but the Robber Barons who are on the scene at any given time.
Sign In or Register to comment.