One minute until Economic Armageddon...
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1,190 Posts
Considering the state of affairs of the world economy, the DOW isn't doing as bad as I thought it would be as of now. Some guys are saying watch the last hour of trading today though, could be another late sell off but who knows.
We're screwed either way, it's just a matter of when.
We're screwed either way, it's just a matter of when.
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3,048 Posts
Money flowing into US Treasuries ... 10 yr yield down 7 basis points.
Has to be foreign deposits.
Has to be foreign deposits.
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372 Posts
Anyone want to bet that markets will be back up before the end of the year and that Obama (spit three times) will pull a rabbit out of his wife's fat ares and get reelected next year? Anyone want to bet that shortly after elections the whole world does a tail spin?
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3,018 Posts
The thing is, where else is anyone going to take their money? Even if the US isn't the investment it used to be, what is better (as far as other countries)? The Euro zone is on the brink of collapse. By comparison, it makes the US look pretty stable.
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China, of course. Our "leaders" (government and corporate) sold them our manufacturing backbone and foreign held debt, and we as consumers and voters bought it. That China takes over world currency appears logical at this stage.
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That's just false. We manufacture more today than ever. We just do it with machines now.
And China isn't going to be the reserve currency any time soon. Slave labor and currency manipulation only gets you so far. They've been manipulating their currency for years to take advantage of it being pegged to the dollar. But that won't hold forever.
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1,174 Posts
If Germany left the European Union, Germany would probably be it.
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If they left the EU, the EU would collapse overnight, and they would suffer from it greatly. Many of the EU countries are close trading partners with Germany (with some bordering it), so it would be pretty difficult for them to be a safe haven if the EU collapsed.
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3,048 Posts
10 yr treasury yield down 20 basis points, now.
Money pouring in.
Money pouring in.
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3,048 Posts
Yeh, people are going to "invest" in a communist dictatorship who can do anything they please at any time ... including lining people up and shooting them because they looked the wrong way at the wrong time.
Because a iron fisted dictatorship would NEVER EVER lie or cook their books, no not EVER.
OK.
In case you missed it, 10 yr treasury yield down 20 basis points as investors snap up that horrific downgraded junk no good US debt.
STILL the safe haven of the world ... all the "socially enlightened" nirvanas in Europe aside, that is. You know, the ones that our POTUS and his liberal intelligentsia were trying SOOOOOO hard to emulate and are now bankrupt beyond bankruptcy.
Who ever would have thought that when you promise folks the world it might cost money to provide it? Sonofagun.
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3,018 Posts
This is a fantastic buying opportunity. Most reports are indicating that this is a panic sell by the individual small investors. Investment firms, however, are snapping up bargains. Small elderly investors are too (those that lived through this before and know it's a great opportunity).
And foreign groups are buying treasuries, investing in the USD. The Dollar Index is up.
And foreign groups are buying treasuries, investing in the USD. The Dollar Index is up.
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