Roubini Says Stocks Rebound Is a Bear Market Rally
Loading...
Link to this comment:
Top Comments
All Comments (36)
-
They're NOT printing money. They're extending credit and paying for it with higher asset prices. The gold bubble is a result of speculation, just like the crude oil boom three years ago. Kaboom! If the Fed were actually printing money they'd crash the bond market, which is about ten times the size of the U.S. stock market. Maybe your too young to remember that in 1980 gold shot up to $800 oz. And interest rates were close to 20% on govt paper.
-
That was a great place to be 30 years ago.
-
I agree with your comments about capitalism and fascism. But you failed to grasp that the meaning of my post. China resembles capitalism more than the US. Capitalism is all about money and power and labor is no more than a raw material.
In that regard, China is closer to capitalism than the US and Obama is going to push us further away from capitalism - good or bad,
-
Listen, I was a poor boy on my fathers farm in the 70s. We sold soybeans that we grew for around 3 bucks a bushel. Barely enough to meet expenses. Then inflation hit and soybeans went up year after year reaching a peak of around 13 dollars a bushel. It was great for us, bad for anyone not involved in some way in commodities. After agricultural products peaked, gold went to around 800. Lesson: when inflation hits, agricultural commodities, oil, gold are all good investments.
-
You don't know what capitalism is at all. Simply, it's a social system based on the principle of individual rights. Arguably, what China has is fascism, not capitalism, though in places like Hong Kong, it still appears to be almost pure capitalism. Furthermore, even if you take a more 'conventional' definition of it, you've still missed it. Chinese capitalism is about purchasing capital improvements to enable greater worker productivity. Without the factory, the chinese worker IS worthless.
-
Worthless means that the government leaders have all the power. Hyperboli.
China, like Japan before them and the USA before that, are/were primarily exporting cheap labor. Capital's job is to find cheap resources and creative ideas and back/exploit them.
One of the primary drivers of economic growth is access to cheap resources - oil, coal, timber, agriculture, iron, copper, silver and LABOR. In that regard, labor may be king. innovation is the other driver.
-
If labor is worthless in China, why has the standard of living in China improved so much since it went capitalist? Labor was worthless under Chinese government control, viz., socialism or communism, your choice as to a name. The plight of workers/common people has increased more under capitalism than any other economic system. The concentration of capital is essential to this process. And yes, we must always be on guard against those who use power for their own selfish goals. Government=Danger.
-
Man! I do remember those days, but I was a young boy and it was the 60's. I don't even remember people doing that in the 70's and the 70's sucked economically.
America has gotten fat and lazy.
-
the us is dead as well as capitalism.
2:20Charlie Rose - Nouriel Roubiniby CharlieRose20,958 views
Featured Video- 9:50Nassim Taleb Angry At Obama's and Geithner's Li...by atlien99131,404 views
- 7:24Nouriel Roubini vs Mohamed El-Erian CNBC Squawk...by NourielRoubiniChanne1,680 views
- 4:57Peter Schiff & Nouriel Roubini - Ben Bernanke ...by debtcrisischannel2,918 views
- 8:3820081001 Nouriel Roubini on BBC HardTalk (part 1)by micromacro1013,700 views
- 1:34Recession to end by December but mkt may correc...by NourielRoubiniChanne1,272 views
- 2:47《信報視聽頻道》 新末日博士談美元走勢by hkejvideo1,180 views
- 6:48Financial Crisis Debate (6 of 13) Nouriel Roubiniby IntelligenceSquared4,386 views
- 4:48Ron Paul Texas is free to Secede 21 04 2009by RonPaulYTChannel6,608 views
- 3:55Bear Hunters - Nouriel Roubini, RGE Monitor and...by NassimTalebChannel2,934 views
- 10:051929 Wall Street Stock Market Crashby Orion602361,102 views
- 3:52Roubini on recoveryby jjrglobal353 views
- 1:37Warren Buffet Teaches The Good Managers Habitsby WarrenBuffet10123,699 views
- 9:33CNBC, 09/14/09, Nouriel Roubini, Lehman collaps...by financialclips2,416 views
- 1:17Jim Rogers New Book an Open Letter to His Daugh...by JimRogersChannel3,426 views
- 10:00Roubini and Taleb discuss the crisisby volgaone55,189 views
- 6:22Nouriel Roubini thinks Ben Bernanke is wrong. ...by peltecs8,744 views
- 9:53Peter Schiff Vlog Report 24 Apr 2009by SchiffReports3,996 views
- 3:09Nouriel Roubini 1by Dennislepcha2,314 views
- 7:48Americans do not have the Intellectual capacity...by PeterSchiffChannel14,592 views
Capitalism is alive and well and living in China, backed by a totalitarian government. Now, that is REAL capitalism where labor is worhtless and capital & influence is everything.
China, today, is America 100 years ago, except for a democratic government that limit the abuses of the powerful to some extent.
666sigma 2 years ago 4
The US government is hoping that the ill effect of printing the dollar to help the banks would not be felt until one or two years later. She prays that the economic recovers during that period and all the bad things will just disappear and all countries won't even notice that so much dollars have been printed and the dollar will continue to be accepted as the world's reserve currency? Just wait and see.
Robertneo 2 years ago 3