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DimPrawn
7th April 2016, 11:50
SocGen warns of ‘tidal wave of corporate default’ (http://www.cnbc.com/2016/04/07/socgen-warns-of-tidal-wave-of-corporate-default.html)

The latest offering from the perma-bear community, delivered by Albert Edwards at SocGen, is, well, bearish. US corporate profits are suffering a "gut wrenching slump," Mr Edwards warns, adding "whole economy profits never normally fall this deeply without a recession unfolding. The economy will surely be swept away by a tidal wave of corporate default."

Mr Edwards says the recent rebound in the S&P 500 is misleading. "Ignore this noise", he insists, "Recent whole economy profits data show that while the Fed plays its games, the economic cycle is withering and writhing from within."

I've made good money shorting the pound, I'm selling rallies on the US30 now.


More easy money!

DimPrawn
8th April 2016, 09:24
https://pbs.twimg.com/media/CfgdlSrWwAA_q7_.jpg

sasguru
8th April 2016, 09:30
Yes but it's not that simple, you simpleton.

Here's what happens when a central bank prints money willy nilly:

https://en.wikipedia.org/wiki/Hyperinflation_in_the_Weimar_Republic

and more recently:

https://en.wikipedia.org/wiki/Hyperinflation_in_Zimbabwe

sasguru
8th April 2016, 09:38
As stupidity levels in this country rise to astronomical levels, there are actually lefty academics who advocate printing unlimited amounts of money, paying everyone in the country 50K (the idea of Basic Income) and helicopter drops.
All of which lead to the debasement of the currency.
There's no one more stupid than a fool with a PhD.

DimPrawn
8th April 2016, 09:39
Here comes the worst earnings season since Great Recession - Apr. 6, 2016 (http://money.cnn.com/2016/04/06/investing/earnings-recession-profits-down-stocks-oil-crash/)

Wall Street is bracing for a 7.9% plunge in first-quarter profits in S&P 500 companies as earnings season kicks off next week. That would be the deepest decline since 2009, according to S&P Global Market Intelligence.

It's part of a broader profit erosion gripping U.S. companies due to the dramatic drop in oil prices, currency turmoil and just plain slow global growth. S&P said profits are on track to decline for the third-straight quarter, the longest losing streak since the Great Recession.

UK manufacturing slumps as trade deficit with EU hits fresh record ahead of Brexit vote (http://www.telegraph.co.uk/business/2016/04/08/uk-manufacturing-slumps-as-trade-deficit-with-eu-hits-fresh-reco/)

UK manufacturing output suffered its biggest drop in almost three years in February as Britain's quarterly trade deficit in goods with the rest of the EU hit a fresh high.

Factory output fell 1.1pc in February compared with January, driven by a big drop in transport equipment. The ONS data showed just two of the 13 manufacturing sub-sectors expanded in February.


Doomed!

ASB
8th April 2016, 09:44
As stupidity levels in this country rise to astronomical levels, there are actually lefty academics who advocate printing unlimited amounts of money, paying everyone in the country 50K (the idea of Basic Income) and helicopter drops.
All of which lead to the debasement of the currency.
There's no one more stupid than a fool with a PhD.

I seem to recall the US in effect did that a while before QE with the universal tax rebate thing.

It seems as though Draghi is vaguely considering it in as much as ECB has been discussing it.

Reminds me of the hairdressers on Golgafrinchan. That didn't end well either.

OwlHoot
8th April 2016, 09:46
As stupidity levels in this country rise to astronomical levels, there are actually lefty academics who advocate printing unlimited amounts of money, paying everyone in the country 50K (the idea of Basic Income) and helicopter drops.
All of which lead to the debasement of the currency.
There's no one more stupid than a fool with a PhD.

no one more stupid except someone who really thinks politicians and academics don't realise the consequences of money printing :laugh

Desperation trumps prudence, especially for short termists, and inflation does have the advantage of eroding debts.

ZARDOZ
8th April 2016, 10:14
What goes up..... must stay up with Government intervention

DimPrawn
8th April 2016, 11:14
https://pbs.twimg.com/media/CfhBNz2WQAA2JsW.jpg

AtW
8th April 2016, 14:56
The only inflation will be in house prices.

And that is a good type of inflation, it's fooking great - tomorrow I'll wake up a lot richer, tax free too :smokin

AtW
8th April 2016, 14:57
https://pbs.twimg.com/media/CfhBNz2WQAA2JsW.jpg

If you don't like defaults then don't switch...

:igmc:

DimPrawn
10th April 2016, 22:27
'No end in sight' for global economic misery, warns World Bank (http://www.telegraph.co.uk/business/2016/04/09/no-end-in-sight-for-global-economic-misery-warns-world-bank/)

No end to misery. Sounds like CUK has gone global.

BrilloPad
12th April 2016, 08:55
We could do with some large US companies going bust. They operate in the UK on an unfair tax advantage.

vadhert
12th April 2016, 09:02
This is all wonderful news for gold.

:smokin

DimPrawn
14th April 2016, 18:11
U.S. April Junk Defaults Reach $14 Billion, Most Since 2014 - Bloomberg (http://www.bloomberg.com/news/articles/2016-04-14/u-s-junk-defaults-reach-14-billion-in-april-most-since-2014)

Defaults for U.S. high-yield bonds have topped $14 billion in April -- the largest monthly volume in two years, according to Fitch Ratings -- and the month isn’t even half over.


Doom it's a coming!

AtW
14th April 2016, 19:48
This is not the bust you looking for...

bobspud
15th April 2016, 08:16
As stupidity levels in this country rise to astronomical levels, there are actually lefty academics who advocate printing unlimited amounts of money, paying everyone in the country 50K (the idea of Basic Income) and helicopter drops.
All of which lead to the debasement of the currency.
There's no one more stupid than a fool with a PhD.

So what I am hoping for is that we can buy our new house just in time for some rampant inflation so that I can pay the mortgage of out of my beer fund :p

Surely its a boom for every one then :suicide:

DimPrawn
15th April 2016, 09:53
The only inflation will be in house prices.

And that is a good type of inflation, it's fooking great - tomorrow I'll wake up a lot richer, tax free too :smokin

:yay:

You can laugh at the idiots on the House Price Crash website now.

PurpleGorilla
15th April 2016, 09:55
:yay:

You can laugh at the idiots on the House Price Crash website now.

Yeah an entire generation fooked by greedy BTL and bankers. Hilarious.

DimPrawn
15th April 2016, 10:05
Yeah an entire generation fooked by greedy BTL and bankers. Hilarious.

Rubbish! I'd say at least 5 generations.

vetran
15th April 2016, 10:07
'No end in sight' for global economic misery, warns World Bank (http://www.telegraph.co.uk/business/2016/04/09/no-end-in-sight-for-global-economic-misery-warns-world-bank/)

No end to misery. Sounds like CUK has gone global.

Whinge local, Affect Global?

DimPrawn
15th April 2016, 10:10
Victims.


http://www.youtube.com/watch?v=M4IjTUxZORE

MTFU you losers!

OwlHoot
15th April 2016, 10:23
'No end in sight' for global economic misery, warns World Bank (http://www.telegraph.co.uk/business/2016/04/09/no-end-in-sight-for-global-economic-misery-warns-world-bank/)

No end to misery. Sounds like CUK has gone global.

From that article:



:::

However, he (Kaushik Basu, Chief Economist of World Bank) was more upbeat about Britain's prospects if it left the European Union, suggesting the country could thrive after a Brexit.

The chief economist indicated that Britain could be better off outside the EU if it forged new trade ties and cemented old ones.

Speaking in a personal capacity, Mr Basu said “short-term turbulence” could lead to “improved exports” in the long run.

“You would probably see a short-term fall in exports from the UK, a weakening in the pound, but that should then cause a pick-up in exports in the medium term,” he said. ...

vetran
15th April 2016, 12:58
http://www.personal-trainers.co.nz/wp-content/uploads/2014/03/aa.jpg

AtW
15th April 2016, 13:02
Rubbish! I'd say at least 5 generations.

I'd say all remaining generations ...

DimPrawn
15th April 2016, 16:07
https://pbs.twimg.com/media/CgF5b5iXIAAOF8_.jpg

unemployed
15th April 2016, 16:56
Yeah an entire generation fooked by greedy BTL and bankers. Hilarious.

Look for land , build your own.:yay:

That`s what i am doing, the pre built houses are not worth buying far too much.