Are we really now facing world recession

[sacky]

this is worth a read.

http://www.economywatch.com/economy-...fit/08-09.html

[edyle]

so yes then. if the USD was fixed to gold it would be crashing right now.

An ounce of gold is worth 15 barrels of oil for the last 50 years+
If gold drops below 5 barrels of oil, you can say 'CRASH'

[miktay]

so yes then. if the USD was fixed to gold it would be crashing right now.

Correcting iz not crashing.Nothing goes up in a straight line.

[lexbarker]

so yes then. if the USD was fixed to gold it would be crashing right now.

From 10 yeas ago gold went from around 350 dollars to 1900 dollars back to around 1650 today. You call that a crash?

[Redman]

so yes then. if the USD was fixed to gold it would be crashing right now.

Like somebody got in above 1900

Dude stop watching CNBC.



Later

[lexbarker]

All this news and hype about Bernankie's Operation Twist (QE3) and the bailout money for Greece and other countries will not work. The source of the global problem is still there and this money will just go down a big hole. Put those Bankdits (is that a word?) behind bars for a start to get on the right road.

[lexbarker]

Felonious is asking for some action.

.

[Sly1]

What Munk talking about...He ought to be moving on to the new "JOBS BILL" at $200 hundren thousand per job!
http://abcnews.go.com/Business/Econo...ry?id=14609951

Sept. 26, 2011
Treasury Secretary Timothy Geithner didn't dispute a Harvard economist's estimate that each job in the White House's jobs plan would cost $200,000, but said the price tag is the wrong way to measure the bill's worth.

[edyle]

The market's gonna crash?!

No! No! Oh no! He didn't just say that did he?

[miktay]

The market's gonna crash?!No! No! Oh no! He didn't just say that did he?

Some notable quotes:Gubmints don't rule the world. Goldman Sachs rules the world.Millions of people are going to lose their life savings.

[greall]

Some notable quotes:Gubmints don't rule the world. Goldman Sachs rules the world.Millions of people are going to lose their life savings.

Meh...the bank shareholders want astronomical dividends...who cares about granny and her savings...

Greg

[sacky]

anyone read this man book.

http://www.newsmax.com/Newsfront/Aft...-Economic-Disa

[sacky]

http://w3.newsmax.com/a/aftershockb/...MO_CODE=CACB-1

[lexbarker]

http://w3.newsmax.com/a/aftershockb/...MO_CODE=CACB-1

Informative article but the made it look like they were the "only" one warning of the coming recession/depression when actually there were quite a few, including Ocarbs and me.

[snowbird]

Well here in Canada even though we are doing well (we had an employment surge in September alone of over 60,000 jobs)

https://mninews.deutsche-boerse.com/...-all-full-time

.....all of the 'economic pundits' as well as the PM are still cautioning that a world recession could well be coming.

...people are being advised to 'pay down' their debts.

[greall]

Well here in Canada even though we are doing well (we had an employment surge in September alone of over 60,000 jobs)

https://mninews.deutsche-boerse.com/...-all-full-time

.....all of the 'economic pundits' as well as the PM are still cautioning that a world recession could well be coming.

..people are being advised to 'pay down' their debts.

Most splendid thing to do when you have a job and food prices are stable...

Greg

[lexbarker]

Well here in Canada even though we are doing well (we had an employment surge in September alone of over 60,000 jobs)

https://mninews.deutsche-boerse.com/...-all-full-time

.....all of the 'economic pundits' as well as the PM are still cautioning that a world recession could well be coming.

...people are being advised to 'pay down' their debts.

Snow, you have to take those govmint figures with a grain of salt. Like yesterday, the US gov said 106,000 jobs were created but that included 45,000 striking Verizon workers going back to work.

[edyle]

Nomi Prins.
It's a DEPRESSION.

[edyle]

http://www.zerohedge.com/sites/defau...0Day%20IMF.png

[sacky]

how is this possible

http://www.guardian.co.uk/commentisf...hner-argentina

[edyle]

how is this possible

http://www.guardian.co.uk/commentisf...hner-argentina

Yes, it's the economy. Since Argentina defaulted on $95bn of international debt nine years ago and blew off the International Monetary Fund, the economy has done remarkably well. For the years 2002-2011, using the IMF's projections for the end of this year, Argentina has chalked up real GDP growth of about 94%. This is the fastest economic growth in the western hemisphere – about twice that of Brazil, for example, which has also improved enormously over past performance. Since President Fernandez or her late husband Nestor Kirchner, who preceded her as president, were running the country for eight of these nine years, it shouldn't be surprising that voters will reward her with another term.

Argentina! Argentina! Argentina! Argentina! Argentina! Argentina! Argentina! Argentina! Argentina!

[lexbarker]

I saw a video about a year ago by an Argentine economic chap named Salbuchi saying that the IMF had grabbed the Argentine Pampas that was given as security. There was no mention of this in the article.
However, Buenos Aires is a booming city when I visited last year and is a far cry from 10 years ago with their financial crisis.

[Redman]

how is this possible

http://www.guardian.co.uk/commentisf...hner-argentina

Well lets say you stop paying your mortgage-and the bank cant foreclose and walks away.

You get the asset,the asset the loan bought,and the left overs.

You get a reset-with the momentum that was building -and with the default taking most of the political risk out of the equation, you will get cohesion, and the right decisions will be made.
And with the growth of Brazil the spill off is icing.

I wish I could get away with that.



Later

[miktay]

I saw a video about a year ago by an Argentine economic chap named Salbuchi saying that the IMF had grabbed the Argentine Pampas that was given as security. There was no mention of this in the article.
However, Buenos Aires is a booming city when I visited last year and is a far cry from 10 years ago with their financial crisis.

Crime iz still a problem in larger cities...as a direct result of the debt default....

Kirchner et al still battle with inflation....

Is Argentina a safe country for tourists?, questions the French media
Following the killing of two French young women tourist-packers in the northern Argentine province of Salta, --with criminals still at large--, the issue of security, safety and crime in Argentina has been widely exposed in the European and Unite States media, particularly the so-called ‘express kidnapping”.

French magazine Le Point has an article in which it asks if Argentina can be considered a safe country. Even when the number of tourists killed in Argentina is low compared to other developing countries, crime and insecurity are in the rise, points out the magazine which strongly recommends following the French Foreign Affairs recommendations for tourists travelling to and visiting Argentina.
The article mentions the so called “express-kidnaps” by which a vulnerable person is retained for a few hours while a ransom is demanded for his/her liberation.
In spite of the strong Italian influence in Argentina, the Italian government for example strongly discourages its citizens from visiting the city of Buenos Aires and even its upper class districts at night, and suggests a contact system in each place to be visited following a pre-established schedule.
The visit itinerary should be documented in a web-site so that friends and relatives can consult or keep track of the visitors in Argentina.
The Swiss government warns about the high crime rate in Buenos Aires City and Mendoza province conglomerates and points out to hand bag and documents snatching in the street, banks and airports as a common petty crime. The recommendation is to keep to groups or anticipate the visit or tour schedule with accessible checking points.
The Spanish government warns about the kind of crimes tourists in most developing countries of the world are exposed to, but also strongly discourages from visiting certain districts of Buenos Aires City such as La Boca, Constitución and Retiro among others.

http://en.mercopress.com/2011/08/02/is-argentina-a-safe-country-for-tourists-questions-the-french-media