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Author Topic: Money  (Read 6869 times)

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Re: Money
« Reply #480 on: December 12, 2018, 11:29:43 am »
“Scared sick to look at it”

The title of Gundlach’s talk was taken from a 1925 book of short stories by Ernest Hemmingway with the same name. Gundlach cited quotes from that book to illustrate points during his talk. One of those quotes was, “Scared sick to look at it,” which Gundlach said was a fitting reference to some aspects of the global economy.

Why Gundlach Is "Scared Sick" Of The Global Economy

by Tyler Durden

Wed, 12/12/2018 - 09:19


Gundlach returned to a theme from prior webcasts, which is the correlation between global central-bank balance sheets and the performance of equity markets. As central banks have tightened their monetary policies, equity returns have been the victims.

He said that 75% to 80% of global markets are in a “death cross” pattern, where 50-day moving average has fallen below the 200-day moving average.

Gundlach predicted in January that the S&P 500 would show a loss in 2018 and, with stocks near unchanged for the year, he reiterated that prediction. He added that 90% of asset classes have negative year-to-date returns, which is the highest such percentage since 1900.

Read more:


Some Truth filled comments:

I've been scared sick every day since I first saw through this charade 33 years ago.

    Only solution I can come up with is a reversal of the transfer of wealth. The choice is send 100 thousand financiers
    into the poor house or send 7 billion into the poor house. Being dirt poor without an escape will drive people crazy.
    Crazy people do crazy things. It would take a century to undo the damage of a global deflation of this Ponzi
    scheme. Therefore, a reversal of fortune is the only solution.

        batman 11
        Adair Turner has looked at the situation prior to the crisis where advanced economies were
      growing by 4 - 5%, but the debt was rising at 10 – 15%.

        This always was an unsustainable growth model; it had no long term future.

        After 2008, the emerging markets adopted the unsustainable growth model and they too have now reached the
        end of the line.

        The UK brought neoliberalism to the West in 1979.

        It ran on debt and had no long term future; it was baked in from the start.


        Neoclassical economics was rolled out everywhere for globalisation  💵 🎩 🍌 😈 .

        Neoclassical economics doesn’t consider private debt.

        The experts didn’t realise what was going on as they weren’t looking at private debt.

        Everyone did the same thing as they were guided by the same economics.

        At 25.30 mins you can see the super imposed private debt-to-GDP ratios.

        The sequence of events:

        Debt fuelled boom
        Minsky moment (e.g. 1929 / 2008)
        Balance sheet recession (stagnation / new normal / secular stagnation)
        Japan was the canary in the mine that no one noticed; the US, UK, Euro-zone and China have all done the same

            batman 11

            Neoclassical economics is as bad as it’s always been.

            The 1920s roared with debt based consumption and speculation until it all tipped over into the debt deflation
            of the Great Depression.

            No one realized the problems that were building up in the economy as they used an economics that doesn’t
            look at private debt, neoclassical economics.

            It’s still the same.


            The neoliberal era, when mankind turned the "stupid" dial to 11.

            It only goes up to 10.

« Last Edit: December 12, 2018, 12:33:51 pm by AGelbert »
But Peter said unto him, Thy money perish with thee, because thou
hast thought that the gift of God may be purchased with money. Acts 8:20


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