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A Sobering look at the Markets...Debt Induced Secular Bear Market-Deleveraging Continues
Sobering up after a few decades of partying isn't going to be pretty:
From the article:
"if Europe and Asia continue declining, and in some cases imploding, the interconnectivity will make the deleveraging spiral much worse. The countries with the most excess debt, and also the ones that depend upon exports, will be doing everything in their power to debase their currencies in order to try to export their way out of the deleveraging cycle (competitive devaluations as seen in last chart, Cycle of Deflation authored by Comstock Partners, Inc.). The currency race to the bottom will not be a pretty one."
Reply to @Old_Joe: Let's have stringent regulation and later work on eliminating and weakening them to the point of being useless by labeling regulation as evil. And when things ultimately get shafted, let's blame the regulators. And somehow in the re-regulation process, manage to confuse people that it was the regulations that caused the mess and get common people vote against their best interests.
Comments
Would those be the very same free markets that got us into this mess by manipulating and distorting the "supply-demand balance"?)
"Naturally, this also couldn't have taken place if we had any kind of stringent regulation of "Wall Street"
The usual self-contradictory claptrap: Let's have free markets but with stringent regulation. Hello?