Which Corp will be to big to fail this year.
Somebody's going to make a fortune shorting the right stocks this year.
Financiers cold be throwing themselves out of windows by the score, soup lines could be miles long and the Americans eating tree bark and the media will be reporting that everything is rosy economically - until Obama leaves office.
Not yet.
The holders of those bonds will just sell them to the Federal Reserve, and the can will be kicked down the road once more.
for later
And guess who will get the blame ... the GOP - upon taking control of the House and Senate.
At least 6-times worse?
Wow—Hard to argue with that level of precision.
“Over the coming months, I believe we could see an economic meltdown at least six times the size of the 2007 subprime mortgage meltdown... “
While I think stuff wont be great in the economy for a while, I really have grown tired of these people constantly predicting stuff like this, as they have for years, usually followed with a pitch for some book or “survival” product they are hawking.
Economies rise, and they fall. Happens all the time. Dont need some dolt economist to tell you that.
But Obama said we are back from the brink and the economy was doing great.
I guess “if you like your good economy you can keep....”
N-CDS (NON-Collateral Debt Securities)
More fraud paper makers
Securities=Backstopped by Extortion-Care
“The Crisis is Over.”
“We hold the Extortion-Care theft bag, which can be leveraged at will against you little people, for all our banks-and insurance companies (which are really N-CDS investment houses), all your government retirements belong to us.”
Boom Goes The Dynamite: Oil's Price Crash Is Going To Rip The Global Economy To Shreds
One heluva assumption to "bet" Trillions on.
bkmk
“we have another housing/subprime bubble that will be popped”
but house prices have not risen all that much. Where I am, prices rise exorbitantly, then dropped like a rock. But now, they are just a tad above where they were in 2003. I wouldn’t call that a bubble by any means.
A flaw in the analysis is that it equate default rates to losses. A default may ultimately result in a 15% loss on the principal amount. By the author’s own calculations, that would make the forthcoming unpleasantness equal in severity to 2008, not six times as bad.
dotcom bubble, housing bubble, stock bubble, social bubble... a circle of life?