Comments on: Global stock meltdown: Is another recession on its way?

By: Almandine

Almandine — Wed, 10 Aug 2011 02:38:09 +0000

The Yen stayed strong thru low interest rate manipulation (like ours), which allowed Yen to be used for the “carry trade.” It worked especially well because of the inherent economic strength of Japan (decade long recession notwithstanding), which was guaranteed in part by our military alliance with them. Lots of profits were made via the carry trade, making them a welcome monetary partner.

By: rick

rick — Sat, 06 Aug 2011 16:49:49 +0000

Thanks for the info, Carl, as I was recovering from a brutal Red Sox lost to a team from NY whose name escapes me.

I love the “financial guru’s” and enjoy watching the talking heads on the Financial Network. I will occasionally jot down a “prediction” and invariably these “experts” are about as reliable as Carnac The Magnificent and just as funny.

Sooner or later our “leaders” will get the message of a restructuring of the tax system and a lock down on debt.

By: Carl Nemo

Carl Nemo — Sat, 06 Aug 2011 16:25:42 +0000

Japan was downgraded a few years back rick. Most financial gurus thought it would affect their bond rates etc., moving them upward. Instead, yields went down. For whatever reason their currency is quite strong. The Bank of Japan intervened last week and dumped yen in order to weaken their currency which is having a negative effect on exports. Japan is primarily an exporting nation.

Japan has a many of the same endemic problems as the U.S. in terms of “unpayable” debts to their citizens, now an aging population post the sweet spot of their manufacturing ascendancy after WWII.

Carl Nemo **==

By: rick

rick — Sat, 06 Aug 2011 12:18:42 +0000

The downgrade is from one of three reporting services and is based not on our ability to pay our debt but our ability for Congress to get its shyte together and have some viable plan in place. Right now it is just two pubescent girls fighting over a Justin Bieber autograph. Good luck with that. Now wait for the next two for their downgrade. If I recall Japan was downgraded a few years back.

By: Carl Nemo

Carl Nemo — Sat, 06 Aug 2011 06:26:33 +0000

A spot-on analogy David Clark and scary one indeed. Too bad savvy Americans still refuse to believe they’ve been taken out by free-booting, “pirate capitalists” in high corporate places all facilitated by their totally owned and controlled Congress. They’ll sell us all out for a few dollars, euros, yuan or shekels more… : |

Carl Nemo **==

By: Davld Clark

Davld Clark — Sat, 06 Aug 2011 05:24:35 +0000

Putting the fate of our economy and the welfare of our nation in the hands of the Federal Reserve and Wall Street is about the equivalent of putting our national defense in the hands of the Russians. Don't worry, they will take care of us. f

By: Carl Nemo

Carl Nemo — Sat, 06 Aug 2011 03:13:33 +0000

Standard and Poor’s rating service downgraded the U.S. credit rating to AA from AAA. Moody’s has held back, but could be soon to follow. S&P’s has threatened further downgrades if Washington doesn’t clean up it’s debt profile.

The ratings agencies were not impressed with this faux, politically expedient last minute deal that was groomed and intiated in order to save face for the 2012 election cycle. These duopolists won while “We the People” lost again as usual.

Notice none of our reps decided to pull the plug on our offshore adventurism in Iraq, Afghanistan, Pakistan and now Libya or considered deep sixing ‘Obamacare’ as they should have. These engineered zones of conflict have become nothing but combat related “make work” projects at tax debtor expense. Obamacare although not fully launched is going to turn out to be an ineffective, blood-sucking boondoggle that will make our current Medicare seem like a cakewalk not including greater fraud to come.

Every sitting rep needs to get a seaboot launch over the stern of the USS America during the next election cycle from the President on down to local reps. No one and I mean no one should get a second term. It will take twelve years to get a complete jettison of Senatorial refuse. They’ll surely get the message when after several election cycles no one recognizes anyone from the previous Congress. Strangers to each other and all running scared relative to the will of their constituents rather than to the will of the lobbyists. They’ll get the message as to whom ‘butters their daily bread’ so to speak … : |

Carl Nemo **==

By: b mcclellan

b mcclellan — Sat, 06 Aug 2011 01:47:52 +0000

A good plow and the strength to pull it are all that’s left.
Cash in now before they do,
alas, it’s already too late.

Credit is as imaginary as willful default, we have spirit too .

By: Rick

Rick — Sat, 06 Aug 2011 00:20:19 +0000

The recession never ended for those 9%+ on the books and another 9% off thr books.

By: b mcclellan

b mcclellan — Fri, 05 Aug 2011 22:38:49 +0000

Instead of using the term media from now on,
and if perchance were we to correctly make future reference of said static,
it would be better known as the squelch and belch 24/7 odor coming from not multiples of, but from a singular dry sphincter.

Pop said, damn paper ain’t fit to wrap fish in no mo…