Immigration to Canada price
It is registered on: Jan 31 2010, at 07:54.
But the French countryside has not cheered him up any.
In fact, in a new video interview with Bloomberg’s Caroline Connan, Professor Roubini has outdone himself, issuing a forecast so apocalyptic that even devout Roubini-ites will be startled by its pessimism.
(It’s the smoothness, eloquence, and utterly matter-of-fact delivery that makes it so alarming.)
The fun starts at the 5-minute mark. Here are the highlights, which are delivered in perfect bullet-point format by Roubini, one after another:
& quot; By 2013, the ability of policy makers to kick the can of the road is going to run out of steam & quot;
In the Euro-zone the slow-motion train-wreck could become a faster-motion train wreck & quot;
& quot; The U.S. looks close to stall-speed and a recession, given the latest economic data & quot;
The landing of China is becoming harder rather than softer.
“The other emerging markets are all sharply slowing down in terms of growth – the BRICs, China, Russia, India, Brazil, and also Mexico, Turkey. Partly it’s because there’s a recession in the Eurozone and U.K., partly it’s because they’re not doing their reforms. ”
& quot; And finally there is the time bomb of a potential war between Israel and the U.S. and Iran. Negotiations have failed. The sanctions will fail. Obama does not want a war before the election, but after the election, regardless of whether it is Obama or Romney, chances are the U.S. is going to decide to go and attack. Iran and then you’ll have a doubling in global oil prices overnight. ”
So, it’s the perfect storm! You could have a collapse of the Eurozone, a U.S. double-dip, hard-landing of China, hard-landing of emerging markets, and a war in the Middle East. Next year could be a global perfect storm. & Quot;
At this point, Bloomberg’s Connan asks a question:
So you’re predicting a scenario that is much worse than 2008?
Well, it’s much worse, because like 2008 you have an economic and financial crisis, but unlike 2008, you’re running out of policy bullets. In 2008, you could cut rates from 5% -6% down to zero, do QE1, QE2, QE3, you could do a fiscal stimulus up to 10% of GDP, you could backstop a guarantee bailout of banks and everybody else. Today, more QEs are becoming less and less effective because the problems are of insolvency not illiquidity. Fiscal deficits are already so large that everybody has to cut them, not increase them. And you can not bail out of the banks because 1) there is political opposition to it, 2) governments are near insolvent and they can not be out of the banking system.
& quot; So the problem is that we are running out of policy bullets. We’re running out of politics.
& quot; So if a freefall of markets and economy does, you do not have any more of them, because we’ve been spending the last 4 years using 95% of those bullets. So we are running out of bullets. & Quot;
It is registered on: Apr 28, 2012, 9:51 pm.
From: Peter – & gt; Ramat Gan – & gt; Ancaster.
It is registered: 08 Dec 2011, 11:15.
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Registered: Mar 19, 2012, 2:18 am.
And I’m not saying that in itself the improvement of the economy necessary for oil growth should open other investment options (stocks, bonds), the outflow of money from where it led to the initial growth of oil. All IMHO, of course.
The real price of oil today is about 60 bucks, the rest is the “bonus” from speculators, as soon as things begin to improve, bulls will rise, without waiting for real growth of the economy. In addition, now is July, mid-summer, and the price for Brent is 100 bucks. I am personally satisfied with any development of events, a decrease in oil will speed up Putin’s departure and open a new “window of opportunity”, keeping or increasing the price will allow us to prepare better for the same.
When a man declares: ‘Who am I to know?’ – he is declaring: ‘Who am I to live?’
It is registered on: Apr 28, 2012, 9:51 pm.
From: Peter – & gt; Ramat Gan – & gt; Ancaster.
It is registered: May 7, 2009, 03:14.
Location: Eastern Siberia.
Registered: Mar 19, 2012, 2:18 am.
Do you think someone is holding oil as a defensive asset?
When a man declares: ‘Who am I to know?’ – he is declaring: ‘Who am I to live?’
It is registered on: Apr 28, 2012, 9:51 pm.
From: Peter – & gt; Ramat Gan – & gt; Ancaster.
At a time like this, when stocks are extremely volatile (taking into account the possible deterioration of the economy), and interest on deposits and bonds is low – a lot of money sits in resources in general and in oil in particular. Or do you think that gold rose to 1800, because they found some sort of new application?
Registered: Mar 19, 2012, 2:18 am.
Well, maybe there are people who just do not have people.
But generally, gold, along with bonds, is considered a protective asset, which is bought when fear of a market fall. Maybe, in Canada, it’s somehow different.
When a man declares: ‘Who am I to know?’ – he is declaring: ‘Who am I to live?’
It is registered: 12 Apr 2012, 13:10.
Location: Burlington, ON.
. Or do you think that gold rose to 1800, because they found some sort of new application?
Gold 1,560.20 -15.50 -0.98%
It is registered on: Apr 28, 2012, 9:51 pm.
From: Peter – & gt; Ramat Gan – & gt; Ancaster.
Well, maybe there are people who just do not have people.
But generally, gold, along with bonds, is considered a protective asset, which is bought when fear of a market fall. Maybe, in Canada, it’s somehow different.
Do you seriously call the protective asset what in 10 years has grown in 6-7 (!) Times ?! Investors are in a rush, and there is nowhere to invest money. Someone poked into speculative gold, someone in resources, someone in real estate. Time, you know, this.
It is registered on: Apr 28, 2012, 9:51 pm.
From: Peter – & gt; Ramat Gan – & gt; Ancaster.
infallibility of gold which will be more expensive.
Gold 1,560.20 -15.50 -0.98%
Yes, this is a protective asset.
No more protective, you can invest in GIC and get less inflation (well, you can, of course, invest in Ukrainian bank deposits, but it’s without me)
It is registered on: Jan 31 2010, at 07:54.
Now the price for gold is formed by the financial cartels JPMorgan Chase, Bank of America and others, to which the Fed does not give direct instructions when the time of treasure comes to China to sell. They immediately throw out a mass of * paper * gold on the market and the price rushes down.
Although partly agree, the speculative component is in the price.
It is registered on: Apr 28, 2012, 9:51 pm.
From: Peter – & gt; Ramat Gan – & gt; Ancaster.
Now the price for gold is formed by the financial cartels JPMorgan Chase, Bank of America and others, to which the Fed does not give direct instructions when the time of treasure comes to China to sell. They immediately throw out a mass of * paper * gold on the market and the price rushes down.
Although partly agree, the speculative component is in the price.
Who read the course on political economy?
It is registered on: Apr 28, 2012, 9:51 pm.
From: Peter – & gt; Ramat Gan – & gt; Ancaster.
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