Strictly: Drilling and oil-field services Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SliderOnTheBlack who wrote (71745)	8/27/2000 7:18:42 AM
From: SliderOnTheBlack	Read Replies (3) of 95453

Tic Toc... Come yee Blind Bulls - be Saved (VBG)~ "The Perfect Financial Storm" - this is a MUST read folks - seriously. financialsense.com Bullsky - great take on Money Supply - a must read section & graph. PS - I loved this quote: The leverage that once multiplied income will now devastate principal.” Martin Mayer, 1999 From my personal perspective on the subprime lending crisis that is about to unfold - this particulary hit home as it agree's 100% with what I see as being a huge problem that will implode this new paradigm bubble: The consumer debt crisis & soon to be default explosion will be a historic event and it will rock the markets because it will rock the Financials which are the foundation of the markets. <<Today, economic seismographs are picking up tremors in our financial system which are forming in the nation's credit markets. The coming earthquake they are sensing, and one of the distinguishing features of the American economy's recent performance in the 1990’s, is the meteoric rise in indebtedness. A greater portion of our GDP (Gross Domestic Product) is being powered by consumption. Capital formation and savings are no longer mobilizing economic growth. Outside the tech sector, there is little capital investment. Personal consumption and debt is driving the economy, rather than savings and investment. The result is that over the last decade, debt in this country has mushroomed from $4.1 trillion to $12.8 trillion. <<

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next