dagblog - Comments for "The Gathering Storm "

(No subject)

cmaukonen — Thu, 09 Jun 2011 19:04:59 +0000

In reply to Or maybe dying is fine:

Or maybe dying is fine:

we are stardust — Thu, 09 Jun 2011 18:20:52 +0000

In reply to (No subject)

Or maybe dying is fine:

(No subject)

we are stardust — Thu, 09 Jun 2011 18:18:52 +0000

In reply to I wrote a response to this

I wrote a response to this

A Guy Called LULU — Thu, 09 Jun 2011 17:35:22 +0000

In reply to I think the storm will come

I wrote a response to this and it is so grim and depressing that I decided to post a song instead. Have a nice day.

I think the storm will come

Donal — Thu, 09 Jun 2011 16:39:12 +0000

In reply to All snarkyness aside, it's

I think the storm will come in wavelets, and some people will survive and buy Priuses, others will survive and ride old bikes and others will not survive. Kind of like what happened in Russia. Some people became oligarchs, some people tended little home gardens and some drank themselves to death.

All snarkyness aside, it's

cmaukonen — Thu, 09 Jun 2011 16:32:06 +0000

In reply to The Gathering Storm

All snarkyness aside, it's not a matter of whether we have the ability to avoid the coming storm, as it says. It's more of whether we have the desire or determination and more importantly the time to.

I feel we do not. Especially the time. It takes time to gear up to perform the requisite tasks and develop the technology necessary. And we have simply run out of time.

Humm....wasn't there

cmaukonen — Thu, 09 Jun 2011 16:22:24 +0000

In reply to The Next Financial Crisis

Humm....wasn't there something you were saying about the new Prius ?

"Some buggy you got there Randy. Won't be worth a damn to you." - Alas Babylon

The Next Financial Crisis

Donal — Thu, 09 Jun 2011 14:18:00 +0000

In reply to The Gathering Storm

The Next Financial Crisis Will Be Hellish And It’s On Its Way

“There is definitely going to be another financial crisis around the corner,” says hedge fund legend Mark Mobius, “because we haven’t solved any of the things that caused the previous crisis.”

We’re raising our alert status for the next financial crisis. We already raised it last week after spreads on U.S. credit default swaps started blowing out. We raised it again after seeing the remarks of Mr. Mobius, chief of the $50 billion emerging markets desk at Templeton Asset Management.

Speaking in Tokyo, he pointed to derivatives, the financial hairball of futures, options, and swaps in which nearly all the world’s major banks are tangled up.

Estimates on the amount of derivatives out there worldwide vary. An oft-heard estimate is $600 trillion. That squares with Mobius’ guess of 10 times the world’s annual GDP. “Are the derivatives regulated?” asks Mobius. “No. Are you still getting growth in derivatives? Yes.”

In other words, something along the lines of securitized mortgages is lurking out there, ready to trigger another crisis as in 2007-08.

What could it be? We’ll offer up a good guess, one the market is discounting.