Crash Crash Crash !!!!!!!!!!!!!!!!!!!!!!!!!!!

John_Pierpoint

John_Pierpoint wrote: »

I do love the coloured "flower" pattern, published by the "Guardian", that shows where central government's tax take goes.
(This year's prize weed is bank support).

Does anybody have a similar concept of a chart that shows all the taxes and how much each raises ?

Nice big area called borrowing and another called printing?

Thanks for the Left v Right chart. Superb.
It somehow makes me feel uncomfortable, I guess it is because I'm of the age where I have learned that:
A young man who is not a socialist has got no heart.
&
An old man who is still a socialist has got no head.
(Wishy washy clap trap in a competitive global economy)

Think I should go and post something on the "nice people's" thread to make myself feel better.

Any body got a visual of how big government is financing its spending.?

sabretoothtigger

Prechter: It's The End Of The World

Aaron Task: In February 2009, Robert Prechter of Elliott Wave International predicted a market rally that would be "sharp and scary for anyone who is short."

In recent months, Prechter returned to more familiar territory, declaring here in November the market was in a "topping area."

A few weeks ago, the veteran market watcher told the Society of Technical Analysts in London that a "grand, super-cycle top" is at hand, The WSJ reported.

"What has happened is a complete change in psychology from extreme negativity [a year ago] to extreme optimism" heading into the market's recent top in January, Prechter says.

Among the many sentiment indicators he watched, Prechter cited the very low levels of cash at mutual funds, which is approaching levels seen near major tops in 1973, 2000 and 2007.

"Nobody should be taking risk right now. This is a time to be safe," he says.
But considering U.S. equity funds suffered about $46 billion of outflows from August to December 2009 while bond funds took in about $198 billion, according to ICI, aren't investors already playing it safe -- a bullish contrarian signal?

"The individual investor has been more or less abandoning stocks" and buying bond funds, Prechter concedes. "I think that is going from the frying pan into the fire. The bond market is the biggest bubble in the history of the world. "

Corporate debt, municipal debt, mortgages and consumer loans will all suffer in the great deflation Prechter believes is already underway, as detailed in his book Conquer the Crash.

So is there any way for investors to protect themselves from the carnage? Check the accompanying video for Prechter's recommendations.

http://www.businessinsider.com/henry-blodget-prechter-its-the-end-of-the-world-2010-2

twadge_face

The Left V Right chart is brilliant. Quite inspirational.

Possible to see with it how Labour have caused the mess-up we're in (and the Democrats just before them, actually) despite the best of intentions... in a sort of "don't worry, we'll just open up the debt markets and those that haven't got... shall HAVE; while those that have got, shall HAVE MORE" kinda way.

Pretty short sighted.

At least us youngsters have the internet to condole ourselves with as the world ends and we are shat upon from on high from those that "got lucky". ;-)

*shrugs*

...or there could be a significant depressionary corrective period which is different to anything in history that has happened before, just like the credit boom before it.

Time will tell.

It definitely is the end of the world. No question.

Davesnave

I think the left to right chart is less inspirational if one finds oneself in the gap running down the centre, though it is educative in understanding one's own confusion!

sabretoothtigger

An article to match the thread title, history of sovereign bond defaults




http://www.zerohedge.com/article/sovereign-default-time-capsule-what-people-were-saying-real-time-debt-and-currency-crises-pl

Fatboy40

Ignore (posted after seeing #1's graphs)

john539

Fatboy40 wrote: »

Ignore (posted after seeing #1's graphs)

What what what ?

harryhound

If you make a mistake, click <<edit>> and simply delete it.

novazombie

john539 wrote: »

Everything is obvious with hindsight.

Problem is guessing which year or decade the storm hits.

Its easy to say this decade, but what year.

I used to say between 2015 and 2020, but it feels a lot sooner now.

sabretoothtigger

EU bond markets in strife apparently, ECB apparently considering something that sounds alot like QE which I dont think they have done previously or been able to unless conditions merit.
apparently now is that time

http://www.telegraph.co.uk/finance/economics/7640783/ECB-may-have-to-turn-to-nuclear-option-to-prevent-Southern-European-debt-collapse.html


China scaling up international trade to circumvent dollar liability

http://www.ft.com/cms/s/0/5d3377f0-5206-11df-a2a2-00144feab49a.html?ftcamp=rss