Argentina Tops List Of 20 Signs Of Global Economic Meltdown

[steveinbsas]

That article is scaremongering and quite paranoid. The fact is that Argentina, Brazil, Venezuela, Turkey, Ukraine, etc etc, are nowhere near large enough as economies to have a major impact on global economics. China is certainly weakening, but absent a major implosion of China's economy, the world economy should be pretty ok as long as the recovery in the USA and Europe continues to move forward. However an implosion of china would be fairly catastrophic, not just because it's one of the world's major creditors.

How's this (published today) for scaremongering and paranoia?

http://www.thedailyc...-the-u-s-dollar

When the dollar collapses, the a global economic meltdown is sure to follow.

 

[jackbower]

That article is scaremongering and quite paranoid. The fact is that Argentina, Brazil, Venezuela, Turkey, Ukraine, etc etc, are nowhere near large enough as economies to have a major impact on global economics. China is certainly weakening, but absent a major implosion of China's economy, the world economy should be pretty ok as long as the recovery in the USA and Europe continues to move forward. However an implosion of china would be fairly catastrophic, not just because it's one of the world's major creditors.

recovery in the US and Europe? What recovery?

 

[Joe]

recovery in the US and Europe? What recovery?

The MSM is dutifully reporting that not only the US, but Spain, Italy, Ireland, Japan, etc are all on the mend. "The worst is over".

Five years into the so-called recovery, wages are down, more people than ever have dropped out of the labor market and food stamp usage has risen non-stop.

Most people are still drinking the Kool-Aid the MSM continues to serve up.

 

[bigbadwolf]

That article is scaremongering and quite paranoid. The fact is that Argentina, Brazil, Venezuela, Turkey, Ukraine, etc etc, are nowhere near large enough as economies to have a major impact on global economics. China is certainly weakening, but absent a major implosion of China's economy, the world economy should be pretty ok as long as the recovery in the USA and Europe continues to move forward. However an implosion of china would be fairly catastrophic, not just because it's one of the world's major creditors.

The article is scaremongering but the Brazilian economy is a big one and secondly, the "domino effect" can cause cascading collapses, particularly with a fragile global economic system. There's no "recovery" in either Europe or the USA, by the way -- nor prospects for one.

 

[Reneige]

The article is scaremongering but the Brazilian economy is a big one and secondly, the "domino effect" can cause cascading collapses, particularly with a fragile global economic system. There's no "recovery" in either Europe or the USA, by the way -- nor prospects for one.

The article is scaremongering but the Brazilian economy is a big one and secondly, the "domino effect" can cause cascading collapses, particularly with a fragile global economic system. There's no "recovery" in either Europe or the USA, by the way -- nor prospects for one.

The recovery is alive and well. Absent any major disasters (the scariest prospect is China at the moment) things will continue to improve: http://www.imf.org/external/pubs/ft/weo/2014/update/01/

Brazil at 2.7% of global GDP is insufficient both in size to cause major problems outside Latin America.

How's this (published today) for scaremongering and paranoia?

http://www.thedailyc...-the-u-s-dollar

When the dollar collapses, the a global economic meltdown is sure to follow.

No offense, I don't even know where to begin with this rubbish. First of all, the lack of references/sources for their data and projections lends very little credibility to the analysis. The hyperbolic projection of future debt growth is highly dubious, especially considering much of the developed world has been deleveraging over the past 5 years (excluding Canada, Australia, Norway, and a few other nations that have had sustained credit growth over the crisis). Basically this website makes huge unfounded claims and is devoid of any credibility. The internet is an amazing tool for research, but it is also cesspool of misinformation and nonsense, this website falls into that category.

America does have a precarious situation in terms of un-funded future liabilities (referring to medicare and medicaid, etc), but nothing that cannot be resolved. Those liabilities are simply accounting projections based on current taxation, demographics, and spending requirements. All three of those variables can be negotiated in congress, it's called fiscal policy, social spending, and immigration policy.

As for the dollar, considering we use dollars to purchase every single good and service produced in the USA, I really doubt that the dollar is due to collapse anytime soon. The probability that the world suddenly decides it no longer wants to purchase Iphones, windows/mac computers, levis jeans, google search for advertising, goldman sachs/jpmorgan for corporate advisory, kraft/heinz foods, education top universities, etc etc etc, is a mathematical impossibility (to use the words of your website).

The value of a currency is the extent to which foreign nations purchase the goods and services from the nation that issues the currency. Nothing else.

 

[Joe]

The hyperbolic projection of future debt growth is highly dubious, especially considering much of the developed world has been deleveraging over the past 5 years (excluding Canada, Australia, Norway, and a few other nations that have had sustained credit growth over the crisis).

Spain, Japan, China, etc Deleveraging???

The effect of MMSMKAC.

Massive MSM Kool-Aid Consumption.

 

[internationalguy]

The recovery is alive and well. Absent any major disasters (the scariest prospect is China at the moment) things will continue to improve: http://www.imf.org/external/pubs/ft/weo/2014/update/01/

Brazil at 2.7% of global GDP is insufficient both in size to cause major problems outside Latin America.



No offense, I don't even know where to begin with this rubbish. First of all, the lack of references/sources for their data and projections lends very little credibility to the analysis. The hyperbolic projection of future debt growth is highly dubious, especially considering much of the developed world has been deleveraging over the past 5 years (excluding Canada, Australia, Norway, and a few other nations that have had sustained credit growth over the crisis). Basically this website makes huge unfounded claims and is devoid of any credibility. The internet is an amazing tool for research, but it is also cesspool of misinformation and nonsense, this website falls into that category.

America does have a precarious situation in terms of un-funded future liabilities (referring to medicare and medicaid, etc), but nothing that cannot be resolved. Those liabilities are simply accounting projections based on current taxation, demographics, and spending requirements. All three of those variables can be negotiated in congress, it's called fiscal policy, social spending, and immigration policy.

As for the dollar, considering we use dollars to purchase every single good and service produced in the USA, I really doubt that the dollar is due to collapse anytime soon. The probability that the world suddenly decides it no longer wants to purchase Iphones, windows/mac computers, levis jeans, google search for advertising, goldman sachs/jpmorgan for corporate advisory, kraft/heinz foods, education top universities, etc etc etc, is a mathematical impossibility (to use the words of your website).

The value of a currency is the extent to which foreign nations purchase the goods and services from the nation that issues the currency. Nothing else.

Funny you should mention lack of references when you talk about a "recovery" that can be found nowhere and people who claim things are better normally base their claims on stock market performance or other easily manipulated figures.

The dollar will collapse when the world decides to stop taking dollars. Being the reserve currency for the entire world gives you a lot of leeway. We criticize CFK for printing pesos out of control? The Federal Reserve prints and prints. The only difference is that no one wants Rocas and everyone wants Franklins. The day that OPEC countries come up with a way to bypass the USD it's game over. Argentine style inflation or worse will be rampant in the US. All the military presence in the middle east is not about oil like people claim, it's about the petro dollar. Sadam had a plan to talk other countries into walking away from the Petro dollar. That's why he was taken down. Not the oil, not the WMDs. It was all about preserving the status through dollar has.

 

[Dublin2BuenosAires]

Funny you should mention lack of references when you talk about a "recovery" that can be found nowhere and people who claim things are better normally base their claims on stock market performance or other easily manipulated figures.

The dollar will collapse when the world decides to stop taking dollars. Being the reserve currency for the entire world gives you a lot of leeway. We criticize CFK for printing pesos out of control? The Federal Reserve prints and prints. The only difference is that no one wants Rocas and everyone wants Franklins. The day that OPEC countries come up with a way to bypass the USD it's game over. Argentine style inflation or worse will be rampant in the US. All the military presence in the middle east is not about oil like people claim, it's about the petro dollar. Sadam had a plan to talk other countries into walking away from the Petro dollar. That's why he was taken down. Not the oil, not the WMDs. It was all about preserving the status through dollar has.

I think we've done this before, but no, the Fed does not print and print. It performs an asset swap for banking reserves creating more reserves in banks by taking certain asssets in return, which allows more lending etc. That´s a simplistic explanation, the Argentine inflation driver is indeed 40% more pesos flooded into the market, the US is not actually increasing money supply. Saddam would have about as much joy in talking down the "Petro Dollar" as i would insisting my family here eat Lamb Dhansak and Jerk Chicken for Sunday lunch instead of an asado. Some of the more rebellious younger family members at the table might nod their head and say "yeah, we'll do that some day" , but in the end the grandees make the decision as they buy the dinner.

 

[MikeB12]

I guess our only option is to buy that guy's books and find out what to do.

#5 Brazilian stocks declined sharply on Thursday. There is a tremendous amount of concern that the economic meltdown that is happening in Argentina is going to spill over into Brazil.

Stocks down less than 1% on one day means absolutely nothing. It's noise.

#18 A recent CNBC article stated that U.S. consumers should expect a "tsunami" of store closings in the retail industry...

Sears and JC Penny are closing because they are mismanaged companies, and because of online retailers like Amazon.

#20 The Dow fell by more than 170 points on Thursday. It is becoming increasingly likely that "the peak of the market" is now in the rear view mirror.

So the Dow falls 1% on one day and its one of the signs of economic meltdown. Haha.


Just the fact that the author believes he can come up with a specific meaning for the 1% change in the market on one day is enough to tell me he knows nothing about very basic statistics, and reveals himself to be a charlatan.

 

[sleslie23]

I guess our only option is to buy that guy's books and find out what to do.

Exactly!