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Old 05-07-2019, 12:04 AM
 
Location: Olympus Mons, Mars
5,677 posts, read 8,588,145 times
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new one, good watch!

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Old 05-07-2019, 11:09 AM
 
5,449 posts, read 2,289,752 times
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It was a remarkable example of public-private partnership running the economy into the ground.
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Old 05-07-2019, 12:58 PM
 
30,064 posts, read 47,297,325 times
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Has anyone seen the documentary “Abacus”
Very interesting and insightful about the ONLY bank charged for wrongdoing in the market/CDS debacle...
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Old 05-07-2019, 07:36 PM
 
1,046 posts, read 217,464 times
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I love how all of these documentaries are always hindsight 20/20. You don't see these types of documentaries questioning or warning about present policy. Nothing has substantively changed since 2008-2009. Central banks have created a smokescreen by injecting trillions in artificial liquidity while manipulating interest rates to record low levels in human history.

This type of "experiment" has never been tried before. But what is important to note is it did nothing to address any root causes of 2008-2009. All it did was encourage more reckless debts to be placed on the books with ZIRP because the cost to service debt was/is so cheap. When the reckoning day hits it is going to be one hell of a crash, and I think that reckoning day starts to be seen before the 2020 election. And then what are the central banks going to do with interest rates still near historic lows?

Buckle up! And just to note, I was long equities basically all the way up until the yield curve inverting. Now aside from just a few beaten down stocks I picked up recently, I am in UUP/cash.
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Old 05-09-2019, 09:35 PM
 
6,317 posts, read 2,686,906 times
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I recommend "The Warning" which foretold of the coming crisis.
https://www.pbs.org/video/frontline-the-warning/


Brooksley Born was completey ignored and was told to take a hike and they smeared her name in newspapers across the nation.

Most people on both sides at least have come to an agreement that the wealthy control the government and are responsible for many of the boondoggles that happen in the government. Politicians only answer to the deep pockets that buy them off.
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Old 05-10-2019, 06:34 AM
 
30,064 posts, read 47,297,325 times
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Quote:
Originally Posted by J746NEW View Post
I recommend "The Warning" which foretold of the coming crisis.
https://www.pbs.org/video/frontline-the-warning/


Brooksley Born was completey ignored and was told to take a hike and they smeared her name in newspapers across the nation.

Most people on both sides at least have come to an agreement that the wealthy control the government and are responsible for many of the boondoggles that happen in the government. Politicians only answer to the deep pockets that buy them off.
You are right

Born did speak out
But her field is controlled by men—and they seem very intent on keeping in control of it

PBS does good work
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Old 05-10-2019, 09:15 AM
 
684 posts, read 182,403 times
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The stupidity of this country is getting near immeasurable.
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Old 05-11-2019, 09:02 PM
 
5,100 posts, read 2,743,062 times
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crooks, the whole lot of em... they are bigger and badder than ever right now.


Student loans, auto loans, and bad mortgages on un-affordable homes are the next trifecta to pop.
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Old 05-11-2019, 10:46 PM
 
8,878 posts, read 3,927,925 times
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11 years later we are still here. How is everyone doing financially since or as a result of the 2008 crash?
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Old 05-12-2019, 07:17 AM
 
5,100 posts, read 2,743,062 times
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Quote:
Originally Posted by Hoonose View Post
11 years later we are still here. How is everyone doing financially since or as a result of the 2008 crash?
We are “fine” as our entire lifestyle has been funded and extended by the use of debt. Add up all public (National, state, municipal) and private (student, auto, home, cc) debt and the numbers become staggering. They will have no tools to get out of the next one as more debt begets more debt and eventually there will be no more buyers.

At that point the dollar will crash your homes and retirement plans become worthless and we will see stagflation in the likes we have never seen before in this country. Good luck!
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