"f you look at the 1929 depression, things actually started to...

First 5 Last

Share
Profile

Follow
thorburn

10,404 Posts.

31/08/15

20:38

Post #: 15908555
Share

Originally posted by pavlovas ↑

The issue hear is Global Growth. China accounts for 1/3 of global growth. A china collapse is deflationary and will directly impact Australia, NZ, Japan, Korea, South East Asia. The flow on effects will impact US and Eurozone more than the 7% which US exports. Falling prices in china effectively translate to worldwide deflation and, I think a $20 oil price could eventuate - which would be even more deflationary. US will find it harder to pay its debts and this could have a nasty upward lift on T notes to attract investors who already come from countrys which are slowing economically.

45Trillion debt added worldwide since 2008.
US 20Trillion govt debt in 20 months time.

Obama has single handedly added more US govt debt than all the US presidents before him. Of that previous debt prior to Obama which was around 9Trillion dollars - GW Bush was responsible for 5Trillion Govt debt.

Move along folks, there's nothing to see here! lol. GFC2 - 25yr Great Depression is imminent.

If you look at the 1929 depression, things actually started to fall apart from 1927 onwards.
If you look at GFC1 - 2008, things actually sharted to fall apart from 2007 onwards.

The big bubble to burst is worldwide housing - I hope the 4 pillar banks in AUS have created a big Derivative bet that this bubble will burst so they can cover some of there upcoming loses - but they own NZ banks - they raked in 5Bill profits from NZ in the last 12 months!

Yes I am happy to have my money in the bank! Nope.

Expand

"f you look at the 1929 depression, things actually started to fall apart from 1927 onwards."

your posts are so full of holes they are Swiss cheese of this thread. Plenty of theatrics and hyperbole. No substance just opinion.

Please!! Some hard data if you have it.
2 Upvote

Reply

Top Stories

Why a Fed rate cut could obliterate your super – and no one's warning you

EMC

Everest Metals dips as company clocks low gold grades at Taipan, WA

PSC

Prospect Resources: Replicating the success of Arcadia with ~1b tonne copper ore target

HZN

Crickets as Horizon Oil unveils new project picked up in Thailand

AFP

AFT Pharmaceuticals outlines shareholder value focus in 2025 AGM

LKO

'Rising demand': Lakes Blue Energy starts well-timed Wombat-5 gas drilling

I88

Infini Resources appoints Rohan Bone as CEO ahead of Phase 2 campaign

Legal Dispute: Why Is Deutsche Rohstoff AG Refusing to Deliver Almonty Industries CDIs?

Week 31 Wrap: Oz core CPI @ 2.7%! But here come tariffs. Again. Next Friday

DES

DeSoto lands key exploration rights for Syncerus gold project in Guinea