Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Veteran98 who wrote (138895)	12/11/2008 12:03:44 PM
From: maxncompany	Respond to of 312719

All his suggestions would still have to overcome huge job losses, which is a more powerful factor in regards to home prices.

To: Veteran98 who wrote (138895)	12/11/2008 12:29:42 PM
From: koan	Respond to of 312719

>> In short, the housing price decline's effect on the banking system doesn't worry me; the consequences of all this new inflation are more worrisome. Right now, the market is totally obsessed with what will likely be a manageable decline of a few percentage points in GDP and a jump in unemployment, while totally ignoring the elephant in the room: what kind of global monetary situation we'll be facing as soon as next year, and how long it will be possible to trade rapidly devaluing dollars for vital imports like oil. << I think the author is terribly underestimating the economic deflationary danger we are facing. "what will likely be a manageable decline". Is he kidding? Benoit Mandelbrot, discoverer of chaos theory and fractals, and considered to have an einstein liek intellect, has said this melt down could be worse than anything since the great depression. So if we let it all go and the US ends up in a heap of ashes then the guys says---ooops guess I was worng-lol. I watched a video made about a year ago (on utube-I'll look for it) where Ben Stein and Arthur Laffer are laughing last year at the idea of a stock meltdown-lol!!