Turkish Delight

[Mega]

http://uk.finance.yahoo.com/news/tur...175634712.html
Its coming!!!
Mike

[BadJuju]

Re: Turkish Delight

You know, Mega....you've been saying that for years.

[Mega]

Re: Turkish Delight

Gee Bubba..........whats upset you tonight?
Its coming:-
http://usa.chinadaily.com.cn/world/2...t_17264069.htm

[BadJuju]

Re: Turkish Delight

Still the same crap that has been said for years. Still nothing.

[Mega]

Re: Turkish Delight

What's Up?
Tell Uncle Mega......

[BadJuju]

Re: Turkish Delight

Just an observation, good sir. It has been coming...and coming...for years now. If it comes any slower, we'll all be dead before it gets here.

[Mega]

Re: Turkish Delight

Chin UP
http://www.zerohedge.com/news/2014-0...bonars-bidless

[BadJuju]

Re: Turkish Delight

More of the same from ZeroCRED.

[shiny!]

Re: Turkish Delight

Looks like it's getting pretty bad down there:

Peso panic and rocketing prices shake the throne of Argentina's Queen Cristina
Argentina's president, Cristina Fernández de Kirchner, and her ministers blame foreign 'vultures' for an economic meltdown as power cuts hit Buenos Aires and goods vanish from supermarket shelves...

... For those who can't afford to escape to the exclusive summer resort of Punta del Este, across the river in Uruguay, or make the longer trip to the golden beaches of Brazil, there is only one solution: air conditioning. But a combination of global warming and an abrupt economic collapse scuppered even that consolation for shopper Graciela Fernández last week. When the temperature insisted on staying at around 40C and humidity levels rose to a drenching 90%, Fernández rushed to buy an air-conditioning unit she had seen on sale a week before.

"When I went to buy it, the price had gone up 25% since when I checked prices last week," she complained outside the Alto Palermo shopping mall. "The same thing just happened to me at the pharmacy where I went to buy the medicine my husband takes: the price was up 20%."

more...

[GRG55]

Re: Turkish Delight

Just an observation, good sir. It has been coming...and coming...for years now. If it comes any slower, we'll all be dead before it gets here.

Betting against the USA economy has generally been a losing proposition over time. Not the first time I have pointed this out on this forum.

Since January 1, 2013 the Canadian Dollar (the "Loonie") has depreciated almost 13 percent against the US Dollar. Anybody watching Canada and observing the spiraling cost of our governments, the out of control housing market, the rapidly increasing burden of regulations on productive investment and the abysmal labour productivity trend would have had no difficulty forecasting the exchange rate move. It is the way we Canadian's alway "compete" with our American cousins every time this has happened in the past.

Back in the early 1990s, when Canada hit the debt wall, the Canadian Dollar was known as "The Northern Peso". We aren't going back to those days any time soon, but we also don't seem to have learned any lasting lessons from that episode either...

[Polish_Silver]

Betting agasint the USA

Betting against the USA economy has generally been a losing proposition over time. Not the first time I have pointed this out on this forum.

Since January 1, 2013 the Canadian Dollar (the "Loonie") has depreciated almost 13 percent against the US Dollar. Anybody watching Canada and observing the spiraling cost of our governments, the out of control housing market, the rapidly increasing burden of regulations on productive investment and the abysmal labour productivity trend would have had no difficulty forecasting the exchange rate move. It is the way we Canadian's alway "compete" with our American cousins every time this has happened in the past.

Back in the early 1990s, when Canada hit the debt wall, the Canadian Dollar was known as "The Northern Peso". We aren't going back to those days any time soon, but we also don't seem to have learned any lasting lessons from that episode either...

The Janszen scenario seems to be a "bet against the USA."

If your argument is that some countries are more vulnerable to risk X, than the USA is, undoubtedly they are. But unlike the US, they are not trying to be global reserve currency, global hedgemon, and global debt junkie. As issuer of reserve currency, the USA faces a risk that no other nation can---the loss of international reserve status. I see no signs that leaders or people are factoring this risk into their behavior.

Gold bugs are lunatic fringe.

If you are talking about work ethic, technological prowess, entrepreneurship, that is a different story. US industrial productivity is ahead of Germany and Japan by a good margin, and I wouldn't be surprised if the gap became wider in the next 10 years. But that doesn't solve Triffin's dilemma, overpriced medicine, and regulatory capture.

[GRG55]

Re: Betting agasint the USA

The Janszen scenario seems to be a "bet against the USA."

If your argument is that some countries are more vulnerable to risk X, than the USA is, undoubtedly they are. But unlike the US, they are not trying to be global reserve currency, global hedgemon, and global debt junkie. As issuer of reserve currency, the USA faces a risk that no other nation can---the loss of international reserve status. I see no signs that leaders or people are factoring this risk into their behavior.

Gold bugs are lunatic fringe.

If you are talking about work ethic, technological prowess, entrepreneurship, that is a different story. US industrial productivity is ahead of Germany and Japan by a good margin, and I wouldn't be surprised if the gap became wider in the next 10 years. But that doesn't solve Triffin's dilemma, overpriced medicine, and regulatory capture.

You can bet "against the US economy" and do very, very well...but your macro timing of those bets has to be impeccable. EJ and iTulip have done that. But I don't see that EJ has ever advocated a blanket "short the USA". Quite the opposite in fact.
R.

[jk]

Re: Betting agasint the USA

But unlike the US, they are not trying to be global reserve currency, global hedgemon, and global debt junkie. As issuer of reserve currency, the USA faces a risk that no other nation can---the loss of international reserve status. I see no signs that leaders or people are factoring this risk into their behavior.

this is the equivalent of saying that if you are king, you are exposed to the risk of being deposed. but it's still good to be the king.

[flintlock]

Re: Betting agasint the USA

this is the equivalent of saying that if you are king, you are exposed to the risk of being deposed. but it's still good to be the king.

Good point!

[Polish_Silver]

Re: Betting agasint the USA--what does it mean

You can bet "against the US economy" and do very, very well...but your macro timing of those bets has to be impeccable. EJ and iTulip have done that. But I don't see that EJ has ever advocated a blanket "short the USA". Quite the opposite in fact.
R.

Who is advocating a blanket "short the USA" ?

The real reason to short the USA would be the highly disfunctional political system, which is the underlying reason that FIREM, MIC, problems never get solved.

A country like Singapore has a much more functional government. (and many more could be added to the list, probably including Canada, Hong Kong, New Zealand, Australia)