Re: Banks face "systemic margin call," $325 billion hit: JPM

On Mar 9, 11:16=A0am, raylopez99 <raylope...@[EMAIL PROTECTED]
> wrote:
> On Mar 9, 6:28=A0am, Igor The Terrible
>
> <igor_the_terri...@[EMAIL PROTECTED]
> wrote:
> > I'll be amazed if we don't have a financial collapse within 50
> > months. =A0I feel pretty confident in saying...it's coming!
>
> Fifty months? =A0You sure leave a lot of time in your prediction.

Economies whose fates are sealed take a while before they expire.
Arrogant economies in which are equally as dumb whose fate is sealed
take a while longer to expire.  They require a little extra prodding
before they give up their demons.  In the case of lower Manhattan,
denial is a wonderful thing.  It and $10.00 will by the condemned a 9
oz cup of coffee.

>
> There was a good article in online finance guru Maudlin's guest
> article "Outside the Box" by a financial expert who said that short
> term the finance sector was bearish but no danger of collapse.
>
> I say in 50 months the DJIA will be 50% higher.
>
> RL

Dead cat bounce or suckers rally.  Definitely nothing of substance,
much less reaching the level you suggest.  More realistically, by then
trading will have been suspended indefinitely.

The financial sector will ripple across others and take the rest of
the economy down with it.  This country is too far in debt and the
rest is broke.  Who is going to bail out the banks?  The top 5%
through their generous almsgiving to the IRS?  LMAO!!!  The ****ing
fed AND the government should have seen that coming no later than 20
years ago.  Offshoring high paying jobs and diminished tax base,
soaring income gap....etc.  This will be a lesson taught to foreign
students in schools on this continent.  The same schools that will
also teach them english as historical language.  We will be the
illuminating example of what not to become.

The lesson?  No middle and working class--no more capitalism.  Once
upon a time it was the central dichotomy of capitalism vs communism.
Put another way, I have yet to see the top 1% buy 99% of the available
real estate, heavy durables, etc... year after year.  It's not going
to happen.  So much for the economy's circular flow.

Yep, greed is good.  Just keep believing that.