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The prediction is enough to change policy and investor behavior. Billions of dollars of beta.
You may not believe it but I can tell you the heads of these companies believe it. They don't pay these chief economists obscene salaries to ignore their predictions.
They end up not paying most of them very long.
We all know eventually down turns are part of the cycle ..no one knows when
Isn't this 'news' from the same Deutsche Bank also under investigation for 'questionanable' loans to You-Know-Who (or maybe they do know sumthin' we don't...)?!
Reuters reported that a Deutsche Bank management committee that oversees risks for the lender in the Americas has been mulling options on how to end the remaining financial ties to Trump, including by selling the loans on the secondary market.
Let's see if anyone else joins this funeral party. Deutshe Bank alone is not going to do it.
The FED is a major failure and with ZIRP and devaluation of US Dollar is destroying the entire world.
Quote:
Originally Posted by C2BP
Yellen says case for interest rate hike is stronger.
Fischer says yes to possible September rate hike.
GDP estimate lowered to 1.1%.
Which do I believe? I read on CNBC that "THE BANKS ARE PREPARING FOR A NUCLEAR WINTER". Does NIRP cause Nuclear Winter? Will higher interest rates save us from a Nuclear Winter?
I see a FED (and a coterie of Central Bankers) all painted into a corner, wanting to talk gold down as an alternative currency. A lot of talk. And then more talk. But not much mustard in their collective gut. (Not much stomach anywhere for recession, deflation, default, revolution, civil war, debt control.) Do we NEED higher interest rates? We needed them beginning in 2001. Greenspan raised them, got scare, retired. Bernanke was so dull he didn't even know he should be raising interest rates. Fischer is whispering in Yellen's ear. Yellen is whispering in the president's ear. The president is wringing his hand. Suddenly we are going to DEFEND the dollar, after all these years of killing it. It won't be easy to sell to a world clamoring for an alternative to the dollar (and NOT a GOLD alternative).
Maybe if Trump wins, and then appoints Fischer, then, and may then, we might need our hardhats.
If Fischer moves up, we might finally get the higher rates we have needed for 16 years.
In the mean time I'm LONG CHINA RALLY.
Long Brazil; long Russia.
Long Oil -- so short the US Dollar, and the FED.
Long gold and silver.
And here we sit 12 years later at the precipice any day now...
Yes, we are being led to the SLAUGHTERHOUSE because of the lunacy of such "modern" "economic" "theories" and because of that Chipmunk Ben Bernanke who back in 2009 proudly said "We are sailing into uncharted territory now...!"
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,454,406 times
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Quote:
Originally Posted by C2BP
Yes, we are being led to the SLAUGHTERHOUSE because of the lunacy of such "modern" "economic" "theories" and because of that Chipmunk Ben Bernanke who back in 2009 proudly said "We are sailing into uncharted territory now...!"
That's still better'n Bernanke's predecessor and longtime champeen of the unregulated Free Market, Alan Greenspan when he testified only the year previous, that "mistakes were made...".
Greenspan - I was wrong about the economy. Sort of ..
A long-time cheerleader for deregulation, Greenspan admitted to a congressional committee yesterday that he had been "partially wrong" in his hands-off approach towards the banking industry and that the credit crunch had left him in a state of shocked disbelief. "I have found a flaw," said Greenspan, referring to his economic philosophy. "I don't know how significant or permanent it is. But I have been very distressed by that fact."
"I made a mistake in presuming that the self-interests of organisations, specifically banks and others, were such that they were best capable of protecting their own shareholders and their equity in the firms," said Greenspan.
5 years ago they were painted into a corner, who trapped them?
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