<<Hong Kong HSI projecting 5500>>
... while i hope you are proven right, i cannot say i feel confident re the projection, and believe that should the target be hit, it would be hit for at most a few minutes before the paper papers over all
<<Me thinks also that the coming Capital Flight and monetary inflation due to that collapse could take the US into the 15000 area...after an initial fall>>
... capital flight would not be heading to the usa. the carry-trade backflow may be mistaken for capital flight, stuffing paper back into banking system already full of paper. besides, the usa banking system is hardly a banking system (conduit / public utility for money flow) but a hedge fund malignant tumor growing on the tax-serf organism
<<If the entire system does not seize up!>>
... dunno, hk operating on equity, and
debt is not an issue at business, personal, nor societal levels, unlike
usa social security / medicare / medicaid that are effectively off-balance sheet borrowings against future taxes, which, if put on the balance sheet gaap style gao.gov , would boost the number to mind-bending sum more appropriate to astronomy class
and mwhodges.home.att.net is another way to look-see to see that the nearly bankrupt greeks do not know how to borrow as a culture, at least not personally
debt-ly debt clock usdebtclock.org makes a good windows desktop :0)
we are way beyond the point of no-return and near-enough to destination of game-over
question: if a house in detroit can be bought for us$1, why should one in boston be any more? we will find out the answer at some stage ;0) |
