Posted on 11/27/2013 6:40:28 AM PST by blam
NOMURA: It's The End Of The End Of The World
Joe Weisenthal
Nov. 27, 2013, 5:47 AM
Japanese investment bank Nomura is out with a big global economic outlook for 2014. The title is "The End Of The End Of The World." The theme is that as 2013 comes to a close, the age of crisis is well and truly over. There are still lingering issues of course, but the really huge themes that have dominated the past several years are gone, and concerns over systemic risk will no longer be high on investors minds.
Strategist Michael Kurtz and Co. write:
There wasn’t any memo, but FYI the Global Financial Crisis is over. Not that clocks have simply rewound to 2006, but: the US property market has been recovering for no less than 20 months, the US household balance sheet is largely repaired, the renminbi is stronger and the US-China current account imbalance vastly reduced, China is grasping the nettle of structural reform, European core-vs-periphery cost differentials have substantially narrowed, and Europe is growing again.
Looking forward, we thus see 2014 as a year in which macrosystemic risks will not dominate equity performance – unfinished QE ‘taper’ business notwithstanding – but equally as a result, a year in which returns will not be spirited along by ‘risk compression’ and multiple expansion either. Rather, global stocks in 2014 will stand or fall in large part simply on whether they deliver earnings.
(snip)
(Excerpt) Read more at businessinsider.com ...
Happy Days Are Here Again.
Ping.
With permission of the Red Chinese...
It's true!
Furthermore:
Hmmm..........all the ‘red’ below national average is in DEMOCRAT STRONGHOLDS!.............
Buy American.
Really folks. America has been sold-out by “American” producers who have been firing Americans, and importing those same products from China now, for an entire generation.
Employing zero Americans.
The solution is simple: American products. For real.
Bring back American products.
Scouts Out! Cavalry Ho!
Notice it’s the western rural parts................
... and I feel fine.
h/t REM
The point is once we have a product someone will learn how to make it. At that point we should be putting out the next step which is above their capabilities to make. That is where the money is at. There is simply no real money to be had at competing for the lowest cost item.
We need to promote leading edge technology not old tech. This will raise the entire country.
...and I feel fine...
Maybe we can do both...
Buy American.
Making Bubbles!
LONDON (Reuters) - The message is sinking in - economies of the rich world face super-easy money far into the future and central banks are now convinced it's the least of all policy evils.
Despite rumblings of dissent about the financial bubbles and iniquities associated with zero interest rates and money printing, 2013 is ending with a remarkable certainty among global investors that cheap money is around for the long haul.
(snip)
Instead of having a environmental protection agency that stops the USA from mining our on rare earth metals because there may be some radiation left in the soil after you remove the rare earths. We should be mining these metals to use here in the US. Instead we send all our tech to China so they can be the world leaders in high tech. I am convinced that is why Apple makes there stuff in China. They spend a lot of time and money teaching the Chinese how to build these items.
We need to stop the anti business practices that have been employed in the past and bring back our leading edge manufacturing the the US. We went from theory to a real nuclear bomb in 3.5 years. Everyone since then has just copied what the US invented. Many of these people took far longer than the US took to just copy us. We need this back to be world leader again.
The peripheral businesses come as a by product of innovation. To keep our competitive edge in business we should have to fight it out with the world. But this fight should be on even terms. Currently our government is giving the advantage to foreign competitors. An example is the rare earths mentioned above.
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