| Author | Message | ||
Ashton Side Hero Username: Ashton Post Number: 4765 Registered: 05-2008 Posted From: 66.90.104.94 Rating: N/A |
From Ludwig von Mises, Human Action, 1949: The credit expansion boom is built on the sands of banknotes and deposits. It must collapse. If the credit expansion is not stopped in time, the boom turns into the crack-up boom; the flight into real values begins, and the whole monetary system founders. Continuous inflation (credit expansion) must finally end in the crack-up boom and the complete breakdown of the currency system. Darryl Robert Schoon - King of Doom Economics http://www.321gold.com/editorials/schoon/schoon063010.html | ||
Dosakaaya Comedian Username: Dosakaaya Post Number: 1690 Registered: 02-2010 Posted From: 69.120.64.45 Rating: N/A |
i read some where, when your neighbor loses job it's recession and when you lose job it's depression ani... Kotlu sampadhinchi chivaraki doctor ki kuda choopinchu koleni voka pedda manishi gaadha - http://www.idlebrain.com/research/scoop/ntr.html Voka Vennupotu kadha - http://www.youtube.com/watch?v=ZmnFXHU2dqo | ||
Scallion Side Hero Username: Scallion Post Number: 5300 Registered: 05-2009 Posted From: 173.46.239.245 Rating: N/A |
KiKiKiKi... chitiki maatiki great Depression ane mata vadatam fashion ayipoyindhi prathi vadiki Jai NTR, Jai Jai TDP | ||
Thirtyplus Junior Artist Username: Thirtyplus Post Number: 439 Registered: 03-2009 Posted From: 174.103.243.218 Rating: N/A |
depresion ledhu bongu ledhu TDP - TODU DONGALA PARTY | ||
Ashton Side Hero Username: Ashton Post Number: 4761 Registered: 05-2008 Posted From: 66.90.104.94 Rating: N/A |
yeah.agree... But,if govts & banks give up stating that "we can't help anymore"....then we are screwed...currency becomes worthless piece of garbage.... | ||
Dosakaaya Comedian Username: Dosakaaya Post Number: 1680 Registered: 02-2010 Posted From: 151.191.175.208 Rating: N/A |
cash is king especially in these uncertain times. atleast voka 1 year ki saripada cash side cheyyatam better Kotlu sampadhinchi chivaraki doctor ki kuda choopinchu koleni voka pedda manishi gaadha - http://www.idlebrain.com/research/scoop/ntr.html Voka Vennupotu kadha - http://www.youtube.com/watch?v=ZmnFXHU2dqo | ||
Ashton Side Hero Username: Ashton Post Number: 4759 Registered: 05-2008 Posted From: 66.90.104.94 Rating: N/A |
vallu public ni scare cheste valla stock trading companies ke loss....people would never invest....may be they are trying to do some trend analysis here... | ||
Movieanalyst Side Hero Username: Movieanalyst Post Number: 3942 Registered: 03-2008 Posted From: 122.164.236.131 Rating: N/A |
janalani bhayapetti M kudipistharu anukunta.. | ||
Dosakaaya Comedian Username: Dosakaaya Post Number: 1671 Registered: 02-2010 Posted From: 151.191.175.207 Rating: N/A |
hope not... aa rojullo US thanks to WW2 etc recover avvagaligindi... ippudu gaani malla attanti rojulu vasthe sanka naaki pothadi... anyway ee comment chesi nodi credibility endhi, probably vokka roju market 400 points lesthe eeyana comment emi vuntadi (bear market rally antada/cramer gaadi laaga jindabad antada Kotlu sampadhinchi chivaraki doctor ki kuda choopinchu koleni voka pedda manishi gaadha - http://www.idlebrain.com/research/scoop/ntr.html Voka Vennupotu kadha - http://www.youtube.com/watch?v=ZmnFXHU2dqo | ||
Ashton Side Hero Username: Ashton Post Number: 4756 Registered: 05-2008 Posted From: 66.90.104.94 Rating: N/A |
I was reading British Telegraph paper this morning & they still think ecb (european central bank) can resolve this crisis... I don't know how would they fix it...as central bank is running out of resource to prop-up the market.. | ||
Rockyworld Junior Artist Username: Rockyworld Post Number: 199 Registered: 02-2010 Posted From: 68.101.121.119 Rating: N/A |
There is definitely chance for double digit recession. If that happens we can expect mayhem. There is definitely chance for great depression. | ||
Ashton Side Hero Username: Ashton Post Number: 4755 Registered: 05-2008 Posted From: 66.90.104.94 Rating: N/A |
http://www.nytimes.com/2010/06/28/opinion/28krugman.html?_r= 1 Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as “depressions†at the time: the years of deflation and instability that followed the Panic of 1873 and the years of mass unemployment that followed the financial crisis of 1929-31. Neither the Long Depression of the 19th century nor the Great Depression of the 20th was an era of nonstop decline — on the contrary, both included periods when the economy grew. But these episodes of improvement were never enough to undo the damage from the initial slump, and were followed by relapses. We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense. And this third depression will be primarily a failure of policy. Around the world — most recently at last weekend’s deeply discouraging G-20 meeting — governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending. In 2008 and 2009, it seemed as if we might have learned from history. Unlike their predecessors, who raised interest rates in the face of financial crisis, the current leaders of the Federal Reserve and the European Central Bank slashed rates and moved to support credit markets. Unlike governments of the past, which tried to balance budgets in the face of a plunging economy, today’s governments allowed deficits to rise. And better policies helped the world avoid complete collapse: the recession brought on by the financial crisis arguably ended last summer. But future historians will tell us that this wasn’t the end of the third depression, just as the business upturn that began in 1933 wasn’t the end of the Great Depression. After all, unemployment — especially long-term unemployment — remains at levels that would have been considered catastrophic not long ago, and shows no sign of coming down rapidly. And both the United States and Europe are well on their way toward Japan-style deflationary traps. In the face of this grim picture, you might have expected policy makers to realize that they haven’t yet done enough to promote recovery. But no: over the last few months there has been a stunning resurgence of hard-money and balanced-budget orthodoxy. As far as rhetoric is concerned, the revival of the old-time religion is most evident in Europe, where officials seem to be getting their talking points from the collected speeches of Herbert Hoover, up to and including the claim that raising taxes and cutting spending will actually expand the economy, by improving business confidence. As a practical matter, however, America isn’t doing much better. The Fed seems aware of the deflationary risks — but what it proposes to do about these risks is, well, nothing. The Obama administration understands the dangers of premature fiscal austerity — but because Republicans and conservative Democrats in Congress won’t authorize additional aid to state governments, that austerity is coming anyway, in the form of budget cuts at the state and local levels. Why the wrong turn in policy? The hard-liners often invoke the troubles facing Greece and other nations around the edges of Europe to justify their actions. And it’s true that bond investors have turned on governments with intractable deficits. But there is no evidence that short-run fiscal austerity in the face of a depressed economy reassures investors. On the contrary: Greece has agreed to harsh austerity, only to find its risk spreads growing ever wider; Ireland has imposed savage cuts in public spending, only to be treated by the markets as a worse risk than Spain, which has been far more reluctant to take the hard-liners’ medicine. It’s almost as if the financial markets understand what policy makers seemingly don’t: that while long-term fiscal responsibility is important, slashing spending in the midst of a depression, which deepens that depression and paves the way for deflation, is actually self-defeating. So I don’t think this is really about Greece, or indeed about any realistic appreciation of the tradeoffs between deficits and jobs. It is, instead, the victory of an orthodoxy that has little to do with rational analysis, whose main tenet is that imposing suffering on other people is how you show leadership in tough times. And who will pay the price for this triumph of orthodoxy? The answer is, tens of millions of unemployed workers, many of whom will go jobless for years, and some of whom will never work again. | ||
Ashton Side Hero Username: Ashton Post Number: 4754 Registered: 05-2008 Posted From: 66.90.104.94 Rating: N/A |
http://www.cnbc.com/id/38092759 The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday. “Those who don’t remember history are doomed to repeat it…there was a head and shoulders pattern that developed before the Depression in 1929, then with the recovery in 1930 we had another head and shoulders pattern that preceded a fall in the market, and in the current Dow situation we see an exact repeat of that environment,†Guppy said. |