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The Rising Risk of a Systemic Financial Meltdown: The Twelve Steps to Financial Disaster
Sott.net ^ | 02/05/08 | Nouriel Roubini

Posted on 02/08/2008 9:22:07 PM PST by TigerLikesRooster

click here to read article


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To: ladyjane; bert

I moved my family from SoCal to north Florida, AKA “Florgia.” But I agree there is much to admire in TN, the Carolinas etc.


61 posted on 02/09/2008 4:44:53 PM PST by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: ex-Texan
No question. The problem is, these sheeple will be easy fodder for demagogues.
62 posted on 02/09/2008 4:45:40 PM PST by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: Travis McGee

I hope you didn’t think I was negative about Florida. Some people from Minnesota and Maine find the southern part a little too hot, a little too New York-ish. Florida is wonderful. I’d take it any day over the winters in New England. The cost of living is great too.


63 posted on 02/09/2008 6:59:47 PM PST by ladyjane
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To: ladyjane

Oh no, I understood. I was just distinguishing north FL (like GA and AL) from the rest of FL. I used to live in south FL: no thanks, been there done that. Too many people, not enough land or water.


64 posted on 02/09/2008 7:38:29 PM PST by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: Travis McGee

I’m just having some thoughts about this economic meltdown and the primaries.

Is it possible that the GOP (and maybe the Democrats too) knows just how bad the recession might get and are giving this election away?


65 posted on 02/09/2008 7:50:30 PM PST by ladyjane
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To: Vet_6780
So far the flame is rather muted in this thread.
It is not what it used to be.:-)
66 posted on 02/09/2008 10:10:07 PM PST by TigerLikesRooster (kim jong-il, chia head, ppogri, In Grim Reaper we trust)
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To: dennisw
That's how we run 750 billion dollar trade deficits while a similarly industrialized country, Germany, runs trade surpluses of ~180 billion dollars per year.

Is that why we've consistently had lower unemployment rates and higher GDP growth rates than Germany?

67 posted on 02/10/2008 8:34:28 AM PST by Toddsterpatriot (Why are protectionists so bad at math?)
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To: Toddsterpatriot

You are the idiot child of this thread.
You are hardly in the elite zone but the same forked tongue elites who promote crazy trade deficits are heavy investors in gold which benefits from the trashed U$D which their policies create

Check out ABX.
It’s the Bush family gold mine
You too can hedge yourself against the retard trade policies you espouse


68 posted on 02/10/2008 8:44:50 AM PST by dennisw (Never bet on Islam!)
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To: dennisw
You’re funny. Germany has a trade surplus. Why is their economy weaker than ours over the last 20 years?
69 posted on 02/10/2008 8:46:27 AM PST by Toddsterpatriot (Why are protectionists so bad at math?)
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To: ladyjane
I’m just having some thoughts about this economic meltdown and the primaries. Is it possible that the GOP (and maybe the Democrats too) knows just how bad the recession might get and are giving this election away?

10% chance of it happening but if the economy goes into crisis mode in the next 5 months McCain will get dumped for Mitt Romney who actually has a clue about economics and who hasn't been getting a Federal gubbermint check for nearly all his working life

John McCain said Mitt was piling up millions while McCain served for minimal compensation. True up to a point. But Juan McCain is the one who promotes economy killers like McCain-Lieberman Kyoto climate control and the invasion from Mexico. So McCain is more macho and tough but more stupid and disloyal to American sovereignty

70 posted on 02/10/2008 8:51:35 AM PST by dennisw (Never bet on Islam!)
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To: Toddsterpatriot

Don’t lose sleep over it kid. Germany and Japan are doing just fine and haven’t juiced up their economy with housing bubbles. Japan’s real estate bubble is years in the past and they learned from it

Credit card debt just might be the nest bubble crisis. Are you maxed out on your cards the same as you advocate for the USA? That running up huge trade deficits is just fine? What do you free trade dopes call it? A capital surplus? Hahahahahahah


71 posted on 02/10/2008 8:57:18 AM PST by dennisw (Never bet on Islam!)
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To: dennisw
Don’t lose sleep over it kid.

Why would your ignorance make me lose sleep?

Germany and Japan are doing just fine

LOL!

Are you maxed out on your cards

No.

the same as you advocate for the USA?

Where did I do that? Link?

That running up huge trade deficits is just fine?

Waiting for you to prove they're harmful.

A capital surplus?

I know the technical terms are difficult for you to understand.

72 posted on 02/10/2008 9:01:43 AM PST by Toddsterpatriot (Why are protectionists so bad at math?)
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To: Toddsterpatriot

I gave you ABX and that’s all you get from me today. Now run along kid and go play in the sandbox. And don’t pull your sister’s hair!


73 posted on 02/10/2008 9:03:55 AM PST by dennisw (Never bet on Islam!)
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To: dennisw

Wow, ABX and Bush. I’m convinced!


74 posted on 02/10/2008 9:04:29 AM PST by Toddsterpatriot (Why are protectionists so bad at math?)
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To: dennisw
Germany, runs trade surpluses of ~180 billion dollars per year. Prolly more now since U$D has sunk versus the Euro

Why would a lower dollar increase German exports / decrease imports?

75 posted on 02/10/2008 10:52:36 AM PST by Fan of Fiat
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To: Fan of Fiat

Are you a fan of Fiat cars or Fiat money or both or neither?

Germany runs trade surplus pretty much independent of whether dollar is up or down versus the Euro. There are fluctuations but not large ones.


76 posted on 02/10/2008 12:11:30 PM PST by dennisw (Never bet on Islam!)
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