you_can_call_me_Al

What Effect Will Hyperinflation Have?

To those of you counting on China to be a safe port in any upcoming storms, think twice. After WWII the U.S. got rich because we were one of the few countries with an intact infrastructure. In addition, we had enormous natural resources. Both were used to basically rebuild the world, and we got paid for it.

China, while definitely destined to eat our lunch, is not going to be rebuilding the world. They, instead, produce cheap toys and Nike knockoffs. They sell us all that crap we like to buy. In a true meltdown, if it happens, no one is going to be running out to buy the latest Ipod (or anything else). Business will suck for everyone, though I do admit they would be a lot better off than the U.S.

glta.

Historic Financial Collapse Underway?

"I'm convinced mortgage losses after recoveries will exceed 10% of the total outstanding and could exceed 20%."

I'd like to see a little more on this. How did you arrive at these estimates?

OPEC's Move to Devalue the Euro

From your mouth to God's ears.