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Global financial system implosion begins

Idaho said:
You've missed the start of it urban .. Disappointed. Massive stock bubble starting to crack. Ridiculous that the BBC business front page leads with the bitcoin crash (something that affects the chump change of a handful of loons and gamblers) while putting the global stock market drop 3rd (something that costs trillions and is the start of a long awaited unravelling).
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what makes you think this is the one?
 
This is coming home to roost:

Shaking the magic money tree

Asset prices (stocks, property and derivatives) have soaked up this torrent of money and inflated in price. All the while profit warnings are increasing and debt is sky high. Leverage in stocks is at a high and average wages and private debt is high... And interest rates are set to rise. Too many opposing forces.
 
Idaho said:
You've missed the start of it urban .. Disappointed. Massive stock bubble starting to crack. Ridiculous that the BBC business front page leads with the bitcoin crash (something that affects the chump change of a handful of loons and gamblers) while putting the global stock market drop 3rd (something that costs trillions and is the start of a long awaited unravelling).
Click to expand...


It not that big a deal. Good economic data came out of the US today. Dollar strengtheners generally means stocks drop.
 
Idaho said:
You've missed the start of it urban .. Disappointed. Massive stock bubble starting to crack. Ridiculous that the BBC business front page leads with the bitcoin crash (something that affects the chump change of a handful of loons and gamblers) while putting the global stock market drop 3rd (something that costs trillions and is the start of a long awaited unravelling).
Click to expand...
Not convinced. But even so won't be headline on BBC when it does. Treasury had them for feed the birds over Northern Rock... Would be under pressure to dish out the Soma


But if I had a pot to piss in I'd go bear
 
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Idaho said:
What happens when highly leveraged and overvalued stocks drop successively?
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Stocks aren't actually leveraged. Brokers may offer leverage to their clients, or people may trade leveraged derivatives based of the value of stocks. But the stock trades at settled in full at the exchange. What makes you think they are overvalued.?
 
Always used to laugh about lifeboatism & bug out bags. In a city of millions how are you going to make to safety if you have what your neighbours need for their survival.

You aren't. Better to get to know your neighbours.

Anyway I always read the "Global financial system implosion begins" as about the USA debt financed system. "Managing empire through bankruptcy" as Michael Hudson said. The World system has changed these last 20 years. Be interesting to see where it goes.
 
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