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Forum Post: Want to see what you are up against??

Posted 12 years ago on Sept. 29, 2011, 1:53 p.m. EST by Chromer (124)
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Want to see what you are dealing with. Just log onto You Tube, type in TheMasterSovereign, then scroll down to Wall Street posted Sept. 28th.

A little dramatic, but gives you a few good names and a nice time line concerning the 2008 Stock Market Crash, the following Bank Bail Outs and who are responsible.

Like I said, a little dramatic, but I think pretty much sums up what is going on.

Got me fired up

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3 Comments


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[-] 1 points by economicallydiscardedcitizen (761) 12 years ago

Here's a brief synopsis:

http://www.cnbc.com/id/44713332 Goldman Sachs Sees 40% Risk of ‘Great Stagnation’ Published: Thursday, 29 Sep 2011 | 5:39 AM ET Text Size By: Patrick Allen CNBC EMEA Head of News Twitter
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Investors and consumers across the world are worried that the global economy is heading back into recession, but analysts at Goldman Sachs are warning the risk of a "great stagnation" is bigger than you might think.

Having analyzed 150 years of macroeconomic data, Goldman has found 20 examples of stagnation similar to those experienced by Japan in the 1990’s, most of which occurred during the last 60 years in developed economies.

“During these episodes, GDP per capita growth hovers below 1 percent and is less volatile than usual. They are also characterized by low inflation, rising and sticky unemployment, stagnant home prices, and lower stock returns,” Jose Ursua, an economist at Goldman Sachs, said in a research note on Thursday. He predicts a 40 percent chance of stagnation in the world's developed markets.

“Stagnations are more likely than you would like. Because these events are correlated with financial crises, the conditional probability of stagnation in the current environment is higher than normal," he said. “Trends in Europe and the US are so far still following growth paths typical of stagnations.”

In order to avoid such an outcome, Ursua said, requires governmental policy that restores confidence and growth.

“Whether these countries manage to avoid a ‘Great Stagnation’ by a pick-up in the recovery is likely to depend on policy being able to restore confidence and putting in place reforms that can decisively jolt growth,” he said.

RELATED LINKS Current DateTime: 07:16:02 29 Sep 2011 LinksList Documentid: 44713387 Is the Whole World Going Into a Recession at the Same Time?Citi to Weigh Cost Cuts Amid Signs of SlowdownHow Do You Prevent Global Economic Meltdown? A lack of reliable data makes it difficult to know what sorts of policy remedies have helped pull economies out of stagnation in the past, he said, but there is a clear correlation on what causes stagnation.

“Stock-market crashes, currency crises, external debt crises and a higher income level raise that probability. Twin crises, higher growth or higher volatility lower that probability, either because they signal a worse outcome or a better outcome, not a stagnation,” Ursua said.

“The good news is that policymakers are more aware—thanks to Japan’s experience—of at least a part of that historical experience, if not all that we present here," he said. “The bad news is that it is still far from clear whether enough has been done to jolt economic growth upwards and outside the zone where prolonged stagnation is a serious risk."

-economicallydiscardedcitizen and 'Ha Ha Club' Member PS: The insanity of witnessing fellow top local real estate and mortgage professionals in the San Francisco Bay Area being reduced to living out of their luxury cars along with inability to generate even 'average to above average income' resulted in us joining what I began calling 'The Ha Ha Club' because I knew that 'Those at the top' through their knowledge were making out like bandits as they pulled the proverbial carpet out from under the real estate markets effectively disabling both the real estate and finance industries and hurting the 'American Dream' of home ownership, jobs, small business and the proverbial 'chicken in every pot.'

[-] 1 points by Chromer (124) 12 years ago

It still does not take away from the fact that they literally gambled with the American economy with the housing crises and still made millions if not billions and no one is being held accountable, while we all have to suffer with higher prices, gas, food, housing, you name it. It doesn't stop. I am sick and tired of these corporations running my life. I want them out. Now!! You can't trust any of them anymore. No one in the governemt and especially anyone in big business.I've worked hard all my life and have never been without a job but all I see now is War after War. Crises after Crises, Bank Bailouts, Big Company Bailouts, he said this they said that and now gridlock in Washington. I've had enough!! But, I can't stop because I have a family that I love that I have to take care of, but if I feel that the future for my children just boils down to them being slaves to these people, then I'm ready for just about anything.