Boom leads to....

[DimPrawn]

SocGen warns of ‘tidal wave of corporate default’

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]

[sasguru]

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/Hyperi...eimar_Republic

and more recently:

https://en.wikipedia.org/wiki/Hyperi...on_in_Zimbabwe

[sasguru]

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]

Here comes the worst earnings season since Great Recession - Apr. 6, 2016

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

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]

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]

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

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

[ZARDOZ]

What goes up..... must stay up with Government intervention

[DimPrawn]

[AtW]

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