Royal Bank of Scotland: "sell everything"
#11
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Joined APC: Jun 2008
Posts: 8,350
Considering RBS's questionable past, I'd be leery of anything they are trumpeting unilaterally.
#17
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Joined APC: Oct 2014
Position: Downward-Facing Dog Pose
Posts: 1,537
This has created a giant, global credit bubble, and that bubble is now bursting. Worldwide. And all of the Central Banks are now powerless to stop it (see: collapsing commodity prices). What are they going to do? Print more money? Keep rates at zero? The Law of Diminishing Returns comes into play, as it is now doing.
The Emperor has no clothes, and the Fed is now powerless to keep the illusion going.
$SPX - SharpCharts Workbench - StockCharts.com
#18
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Joined APC: Dec 2014
Position: CL65
Posts: 955
Yep. But like you, no one foresaw the US Central Bank engaging in Quantitative Easing in order to prop up the markets and protect the bankers at the expense of savers and older folk stuck on fixed incomes.
This has created a giant, global credit bubble, and that bubble is now bursting. Worldwide. And all of the Central Banks are now powerless to stop it (see: collapsing commodity prices). What are they going to do? Print more money? Keep rates at zero? The Law of Diminishing Returns comes into play, as it is now doing.
The Emperor has no clothes, and the Fed is now powerless to keep the illusion going.
$SPX - SharpCharts Workbench - StockCharts.com
This has created a giant, global credit bubble, and that bubble is now bursting. Worldwide. And all of the Central Banks are now powerless to stop it (see: collapsing commodity prices). What are they going to do? Print more money? Keep rates at zero? The Law of Diminishing Returns comes into play, as it is now doing.
The Emperor has no clothes, and the Fed is now powerless to keep the illusion going.
$SPX - SharpCharts Workbench - StockCharts.com
#20
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Joined APC: Dec 2014
Position: CL65
Posts: 955
Actually, yes. Both. The thing is that there are always people looking at the current "crisis" and just knowing that it is going to fall apart. When nothing becomes of it, they move on to something else.
Most people fail to realize that it is just the media selling advertising and making 90% of it up. There is some truth, but the majority of it is nothing but hype.
Most people fail to realize that it is just the media selling advertising and making 90% of it up. There is some truth, but the majority of it is nothing but hype.
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