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  • FIRST POST
    • IceTry
    • By IceTry 19th Jun 17, 9:33 PM
    • 23Posts
    • 13Thanks
    IceTry
    What does it mean if the "debt bubble" bursts?
    • #1
    • 19th Jun 17, 9:33 PM
    What does it mean if the "debt bubble" bursts? 19th Jun 17 at 9:33 PM
    Can anyone explain this to me, please?

    I am wondering about this in terms of investments v. cash savings? But am also generally curious. A poster raised this issue in a recent thread.

    Thanks.
Page 3
    • Carrieanne
    • By Carrieanne 12th Aug 18, 4:57 PM
    • 98 Posts
    • 102 Thanks
    Carrieanne
    Events quickened in a big way two days ago when the Argentina peso and Turkish lira hit all-time lows versus the US dollar. It's massively odds-on that the Venezuelan bolivar and Iranian rial achieved similar but it's difficult to get accurate numbers as those countries are understandably coy about releasing data. Five years ago 10 bolivars purchased one US dollar. Today circa four million bolivars buys one US dollar, making that currency effectively worthless.

    Agent Orange in the Whitehouse appears intent on imposing sanctions or tariffs on anything that catches his eye. Whomever's pulling his strings seems to be in a hurry to initiate economic chaos on a global scale.

    Turkey's president has urged citizens to exchange their gold for lira. He ought to consider becoming a comedian.
    • sabretoothtigger
    • By sabretoothtigger 21st Aug 18, 2:02 AM
    • 10,015 Posts
    • 6,602 Thanks
    sabretoothtigger
    Tariffs and the threat of trade restrictions are having the ironic effect of supporting dollar.
    Less trade does not benefit USA and they do not have the production ready to make up the difference. This means higher costs for USA business which makes both parties worse off.
    For now its a trading high for Dollar but ultimately it will become worth less if trade declines.

    Also its a problem for their ongoing fiscal deficit and debt which has average term of only a few years. Less trade means less dollar demand especially for that debt and likely higher costs to service that debt
    Tokyo residential prices have gone from 4x London in 1990 to ¼ London in 2014
    Maybe this is one of those cases where you can’t go home again,
    by Ben S. Bernanke, former Fed chairman
    • finellah
    • By finellah 11th Sep 18, 9:11 PM
    • 51 Posts
    • 7 Thanks
    finellah
    A free pdf of Ray Dalio’s new book “A Template For Understanding Big Debt Crises” can be downloaded from the link below (email registration required)

    https://www.principles.com/big-debt-crises/
    • sarafray
    • By sarafray 24th Oct 18, 6:44 PM
    • 1 Posts
    • 0 Thanks
    sarafray
    Great thread for those who are new to investments. I too learned a few things here and there.
    Thanks OP for starting this thread.
    • Crashy Time
    • By Crashy Time 2nd Jan 19, 4:44 PM
    • 7,173 Posts
    • 2,608 Thanks
    Crashy Time
    A free pdf of Ray Dalio’s new book “A Template For Understanding Big Debt Crises” can be downloaded from the link below (email registration required)

    https://www.principles.com/big-debt-crises/
    Originally posted by finellah

    He thinks the next big crisis is going to be in the EZ, because of lack of political/economic cohesion. Bring it on I say, the debt bubble really needs to burst!
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