You choose to ignore those like Roubini who saw all this coming. You are also ignoring the obvious massive debt and overleveraging of funds, together with the huge thefts currently being carried out on the taxpayer to patch up criminal and near-criminal activity by the banks, which are still able to hide the actual value of their books, and the fact that it will end in tears. You may not have any sense of what is occurring, but others certainly do, and your 'buy now' advice is ludicrous. The liquidity being dished out may result in hyper-inflation in the long run, but at the moment it is somewhat staving off the inevitable collapse, but it will not succeed because it cannot, as it is trying to cure a problem caused by too much debt by taking on still more.
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You choose to ignore those like Roubini who saw all this coming. You are also ignoring the obvious massive debt and overleveraging of funds, together with the huge thefts currently being carried out on the taxpayer to patch up criminal and near-criminal activity by the banks, which are still able to hide the actual value of their books, and the fact that it will end in tears.
Oct 30 08:55 am
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All Comments by David Martin »Depression's All Talk, So Far [View article]
You may not have any sense of what is occurring, but others certainly do, and your 'buy now' advice is ludicrous.
The liquidity being dished out may result in hyper-inflation in the long run, but at the moment it is somewhat staving off the inevitable collapse, but it will not succeed because it cannot, as it is trying to cure a problem caused by too much debt by taking on still more.