Karl Denninger on Metals & Currencies. 16 feb 2009

I would say there is a second reason why the euro zone is in trouble, the EU economy is behind the curve (compared to the US), but our banks where already in trouble because they bought American Mortgage-Backed Securities, CDO's, etc. (all so called "triple-A" of course). They now get a second hit, as the euro zone itself gets into recession.


Karl Denninger is the man behind The Market Ticker blog, check out his channel:
http://www.youtube.com/profile?user=kdenninger&view=videos

CPI - The Government is Cheating
http://www.youtube.com/watch?v=GEwBAMdZRdE

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• Karl
• Denninger
• Inflation
• Deflation
• Gold
• Silver
• Metals

[HamiDjoukou]

I would say there is a second reason why the euro zone is in trouble, the EU economy is behind the curve (compared to the US), but our banks where already in trouble because they bought American Mortgage-Backed Securities, CDO's, etc. (all so called "triple-A" of course). They now get a second hit, as the euro zone itself gets into recession.

[ehunter2]

Denninger is the smartest commentator on the economy ever. Compare his crystal clear analysis ..with oh..the convoluted HORSESHIT of Alan Greenspan..aka Mr. Magoo

[mrzack888]

Karl Denninger forgot about rest of the world buying Gold. Back in the 80s there were no emerging markets. Stupid denniner.

[lwanatt]

grats on intelligence, it is in such short supply these days

[soylentgreenb]

My labour has value; I work as many hours/week as I'd like.

It would be net loss for me to make my own bread and it would be nowhere near as tasty as store bought bread. I can get 500 g whole rye bread(sort of like pumpernickel) for 6 SEK, less than a dollar, I'm not going to make spend half an hour making crappy wheat bread.

[buzzz1213]

Buy a sack of flour and make your own bread 3lbs flour & yeast@$10.00 Total = 10 loaves vs 10 loaves @$100. saved you $90! Healthier and tastes better!

People will survive, but this guy is way off and he believes the government can keep things in check, it is at the point where it is unsustainable on a global level.

Gold and silver is always real money anywhere, at anytime except for maybe a catastrophic scenario, in which case food and ammo will be more valuable.

[TadRapidly]

Nyuk, Nyuk, Nyuk! We're all dead.