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Europe in Depression. Worse than the 1930s.; Another kick in guts for the property bulls.
Topic Started: 17 Aug 2014, 11:03 PM (3,422 Views)
Bardon
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goldbug
21 Aug 2014, 07:52 AM
Wrong! Utter crap. Smart money buys Good assets, not bad loans destined to default.
No doubt the central banks are funding these purchases from behind the scenes via one of their "member" banks. It's called" Extend and Pretend" where everyone buys everyone else's debt to postpone the ultimate collapse. It's been going on for years, the US fed buys British sovereign debt and the BOE buys US treasuries. This deal is just a little further down the food chain.

You need to take of the rose colored glasses and stop hunting across the internet for bullshit.
How can it be bullshit if it actually happened, I think you are saying that these US funds didn't buy the debt tranches and also that US hedge funds haven't been piling into European equities in a major way?

These are published main stream news articles and not some obscure internet reference or in your case radicalised personal opinion. I don't know how you can jump to the conclusion that they are utter crap but I find it amusing that you do.
Edited by Bardon, 21 Aug 2014, 08:10 AM.
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peter fraser
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This graph may put the Euro position in perspective.

Posted Image

http://www.washingtonpost.com/blogs/wonkblog/wp/2014/08/20/worse-than-the-1930s-europes-recession-is-really-a-depression/

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Attachments: Euro_depression.jpg (33.46 KB)
Edited by peter fraser, 21 Aug 2014, 09:12 AM.
Any expressed market opinion is my own and is not to be taken as financial advice
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peter fraser
21 Aug 2014, 09:05 AM
What is this Peter, some sort of cover up , some graph, it s. ws us nothing, is it April fools ?

Can you argue anybodies points instead of posting shit.

If you want some visuals Peter ,I will give you some.

Have a look below, this is where mindless debt levels and overborrowing, the VERY thing you spruik endlessly has got europe. Only being contained by massive stimulus and record low rates. And this is what would go on in the US if they did not have zero rates and endless trillions in stimulus.

I mean these riots where still going on with rates near zero and massive stimulus still being pumped in.

And this is what will continue when the latest round of debt catches up again.

And this is why the US don't want to let the proper correction take place, so like all leaders the will just pump debt until it implodes completely, the exact reason the GFC is here and surfaced in the first place peter, because or the mindless debt to the moon you spriuk.

If I was not a guest, I would have some very choice words for you Peter ;)

Was this all planned in your cycle, the demise of the world through mindless engineered debt spriuked speculation. This is the result of your ways below. Yet you have learned nothing at all.

https://www.google.com/search?q=eurozone+crisis+riots&client=ms-android-vf-au&site=webhp&tbm=vid&source=lnms&sa=X&ei=dh31U_U_y6LwBY7igcgI&ved=0CAkQ_AUoAw&biw=598&bih=335&dpr=2
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peter fraser
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21 Aug 2014, 09:38 AM
What is this Peter, some sort of cover up , some graph, it s. ws us nothing, is it April fools ?

Can you argue anybodies points instead of posting shit.

If you want some visuals Peter ,I will give you some.

Have a look below, this is where mindless debt levels and overborrowing, the VERY thing you spruik endlessly has got europe. Only being contained by massive stimulus and record low rates. And this is what would go on in the US if they did not have zero rates and endless trillions in stimulus.

I mean these riots where still going on with rates near zero and massive stimulus still being pumped in.

And this is what will continue when the latest round of debt catches up again.

And this is why the US don't want to let the proper correction take place, so like all leaders the will just pump debt until it implodes completely, the exact reason the GFC is here and surfaced in the first place peter, because or the mindless debt to the moon you spriuk.

If I was not a guest, I would have some very choice words for you Peter ;)

Was this all planned in your cycle, the demise of the world through mindless engineered debt spriuked speculation. This is the result of your ways below. Yet you have learned nothing at all.

https://www.google.com/search?q=eurozone+crisis+riots&client=ms-android-vf-au&site=webhp&tbm=vid&source=lnms&sa=X&ei=dh31U_U_y6LwBY7igcgI&ved=0CAkQ_AUoAw&biw=598&bih=335&dpr=2
It's a graph comparing various recoveries over a period of time for the EUzone now with parts of the same zone during the great depression, and Japan as it underwent it's recession.

Sorry if that is too hard for you to comprehend. Have you checked out the "Playschool" thread - that might be better suited to your needs and ability.
Any expressed market opinion is my own and is not to be taken as financial advice
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newjez
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peter fraser
21 Aug 2014, 01:48 PM
It's a graph comparing various recoveries over a period of time for the EUzone now with parts of the same zone during the great depression, and Japan as it underwent it's recession.

Sorry if that is too hard for you to comprehend. Have you checked out the "Playschool" thread - that might be better suited to your needs and ability.

Five years ago there was an arguement about the best way forward. Europes, US/Japan, or a UK halfway house.

I think we have reached a consensus. It doesn't matter what Europe does, because doing anything would be better than what they are doing now. It's like standing in front of a very slow train, and thinking 'we've got time, we'll just wait and see what happens' Well, that train hasn't stopped or changed direction. Time to get out of the way.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
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peter fraser
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newjez
21 Aug 2014, 04:16 PM

Five years ago there was an arguement about the best way forward. Europes, US/Japan, or a UK halfway house.

I think we have reached a consensus. It doesn't matter what Europe does, because doing anything would be better than what they are doing now. It's like standing in front of a very slow train, and thinking 'we've got time, we'll just wait and see what happens' Well, that train hasn't stopped or changed direction. Time to get out of the way.
Even though the recovery in the USA has been anaemic it's been heaps stronger than Europe.
Any expressed market opinion is my own and is not to be taken as financial advice
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herbie
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They surely are struggling alright:

http://www.businessspectator.com.au/article/2014/8/21/european-crisis/theres-only-one-cure-eurozones-terminal-disease?utm_source=exact&utm_medium=email&utm_content=872131&utm_campaign=kgb&modapt=
A Professional Demographer to an amateur demographer: "negative natural increase will never outweigh the positive net migration"
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peter fraser
21 Aug 2014, 06:29 PM
Even though the recovery in the USA has been anaemic it's been heaps stronger than Europe.
Hardly a recovery.

If you call now owing another 10 trillion more than the 8 trillion they already owed in 2008 to now make it 18 trillion a recovery , well, they are sure pulling the wool over some peoples eyes.

And from around 17 million people on food stamps in 2008 to almost 50 million now, well , what can I say, If thats a recovery, Im a monkeys uncle.

There is no recovery, just more debt to pay without a means of repaying it, the very reason it only goes up, not down.The very reason the debt CEILLING , is not really a debt ceilling, just another load of bullshit.

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b_b
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newjez
21 Aug 2014, 04:16 PM

Five years ago there was an arguement about the best way forward. Europes, US/Japan, or a UK halfway house.

I think we have reached a consensus. It doesn't matter what Europe does, because doing anything would be better than what they are doing now. It's like standing in front of a very slow train, and thinking 'we've got time, we'll just wait and see what happens' Well, that train hasn't stopped or changed direction. Time to get out of the way.
We'll put.

Europe is where it is because they are adopting strategies consistent with being tied to the gold standard. In other words trying to limit deficits etc. in that context peters charts are quite interesting.
(S – I) + (T - G) + (M - X) = 0
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Bardon
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newjez
21 Aug 2014, 04:16 PM

Five years ago there was an arguement about the best way forward. Europes, US/Japan, or a UK halfway house.

I think we have reached a consensus. It doesn't matter what Europe does, because doing anything would be better than what they are doing now. It's like standing in front of a very slow train, and thinking 'we've got time, we'll just wait and see what happens' Well, that train hasn't stopped or changed direction. Time to get out of the way.
There is another view on Europe, a view no doubt held by those US funds that have been piling in there at unprecedented levels over the last couple of years. Given that the euro hasn't broken up, the PIGS haven't defaulted and the banks are nearly fixed they see the eurozone as being grossly undervalued at this stage of the cycle. The Athens Stock Exchange actually doubled in two years.
Edited by Bardon, 21 Aug 2014, 07:34 PM.
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