tag:blogger.com,1999:blog-11027528911364475.post9096697614444558321..comments2024-02-18T21:10:05.205-08:00Comments on EconomPic: What's Going On?Jakehttp://www.blogger.com/profile/07946497592651234440noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-11027528911364475.post-45569148423196734562010-02-04T17:32:32.429-08:002010-02-04T17:32:32.429-08:00Thanks for the thoughts J.Thanks for the thoughts J.EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-71933121785720913212010-02-04T15:57:04.289-08:002010-02-04T15:57:04.289-08:00not necessarily unlikely that we'll see a corr...not necessarily unlikely that we'll see a correction in markets and/or economic downturn, but i think unlikely of a crisis of the system (where counterparties don't trust one another, bank runs occur, and the global economy shuts down).<br /><br />it will be interesting to see how this plays out. i can see two opposing stories play out if the spain, greece, portugal get bailed out.<br /><br />1) the euro gets crushed<br />2) the euro rallies as the uncertainty is reducedJakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-7341372544919048522010-02-04T15:19:54.982-08:002010-02-04T15:19:54.982-08:00jake,
why unlikely?
Short version; bluff of Euro ...jake,<br />why unlikely?<br /><br />Short version; bluff of Euro has been called. Explicit backing of problem debt (Greece, Spain, Portugal, etc) is now demanded by the markets. How can they not answer and what does that mean for the currency?EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-63341573263437323472010-02-04T15:02:56.598-08:002010-02-04T15:02:56.598-08:00john-
the very ugly is related to the unwind of t...john-<br /><br />the very ugly is related to the unwind of the rebound we'e seen in all asset classes since last march and the re-introduction of credit risk of sovereigns. everything prices off of sovereigns (credit prices off of sovereign rates, equities price off credit, etc...), thus this has the potential (though unlikely) to revisit a 2008 crisis of the system vs. within a system eventJakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-86343118214493162242010-02-04T14:53:36.864-08:002010-02-04T14:53:36.864-08:00I have a thought but it is a bit long and I need t...I have a thought but it is a bit long and I need to work it out first. I will offer a short version when my head stops spinning!EconomicDisconnecthttps://www.blogger.com/profile/02802078645713106743noreply@blogger.comtag:blogger.com,1999:blog-11027528911364475.post-92206760359027906062010-02-04T14:42:58.117-08:002010-02-04T14:42:58.117-08:00Besides P/E being overvalued, jobs still being los...Besides P/E being overvalued, jobs still being lost, housing disappointing, why will things get VERY ugly? There's not much surprise, I guess, except maybe people are looking for more economic gas?Jhttps://www.blogger.com/profile/18116121761413049785noreply@blogger.com