^^^
Cool reference ~ $11T Globally.
Kinda thinking that you had some imput in this stub. :goodpost:
Thanks for your kind words VT!...
Ah Yes!...
Deleveraging...(It's been called: "A Fate Worse Than Debt")
$11T (I could possibly go on, and on, and on)
And just think…
There’s probably about another $11-15T that’s already:
'Lying-in-Wait'...In the wealth-destruction, deleveraging-pipeline.
1.The housing-market as it continues to retreat to its pre-bubble days
2. The Stock Market…still way, way overvalued…and, as described by one analyst:
"Wall Street is a machine run on embezzlement, fraud, willful obscurity in service to information asymmetry,
extreme leverage, predation, disinformation and malignant malinvestments
in parastic speculations with no value except transactional churn".
(I’ve lost The Faith in this system…many others have also…IMO)
3. Long-term Bonds facing huge losses as interest rates rise.
4. Global-Overcapacity will certainly cause more deleveraging/sell-off of many surplus business assets,
including factories---leading to even further World-wide joblessness rates.
ARRRGHH!!!
-
OK...I'll
"Stop the Madness" of this posting by saying:
For the life of me…I still can’t fathom how it’s possible:
To buy/spend our way out of the current economic crisis!!
And...As an old-time favorite group of mine use to croon
(I suppose I'll just still continue to follow suit):
[ame=http://www.youtube.com/watch?v=tg0BNTebcbY&feature=list_other&playnext=1&list=AL94UKMTqg-9BdTCK98jULjZYENtNZZ_p-]Wet Willie Keep On Smiling - YouTube[/video]
Special Note (I was just athinking):
Perhaps (?) Tundra_10 could use a little dose of this "medicine"...nowadays.
Bob