President Barack Obama Message Board

STOCKTALK

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Politics : President Barack Obama

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To: RetiredNow who wrote (132454)	3/29/2013 12:10:20 PM
From: John Vosilla	Read Replies (1) of 149317

I vote B or C as the black swan event. * China's debt and and infrastructure bubble bursting...we're perilously close to that now...leading to an Asian Contagion that spreads around the world and causes a stock market crash everywhere * Currency wars finally leading to loss of public confidence in those currencies and a rush to safeguard wealth in hard assets leading to a simultaneous increase in real estate prices (making the cost of living soar) and commodity price increases (driving input prices up for companies and destroying their profits), while the stock market and the bond bubbles burst We can all agree WS is full of crooks run by plutocrats who make money off deceiving the general public and do little to benefit society or main street anymore. Where I disagree is saying what is coming is a 1929 event. We had it already only it was disjointed and spread out with the real economy driven by technological changes crashing in 2001-02 and the real estate boom crashing in 2007-09 leading to a financial panic rivaling 1929-31.

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