Happy Days Are Here Again, Great Depression II.
By Daniel at 16 November, 2009, 12:29 am
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One of the Goldman Sachs banksters was on Bloomberg yesterday, Saturday November 14th, as only had it on a few minutes didn’t notice who it was, but he seemed very happy with himself possibly giving a smarmy impression. He was so incredibly upbeat on the global economy in particular for banksters. He was saying how China was the engine for growth and how many cities are springing up with example one city in a guide book that’s just 3 years old mentioning 20 skyscrapers and a population of 2 million, now 3 years later having 80 skyscrapers and population of 8 million and that this is happening all over China, how business is booming with money to be made all over. That’s how he painted it of course. He didn’t mention about housing or business in USA or Europe though and he gave no explanation given to how the money is made, where it comes from or whether this is really sustainable, he seemed to suggest this development could go on accelerating and did not consider any possibility of the bubble bursting, just as the very same types of people didn’t before the credit crunch and the banksters begged and demanded the taxpayers for bailing out the largest amount of money ever given to any industry.
He said after last year banksters seemed a little gloomy and thinner on the ground when he’s in Hong Kong where he’s got one of his homes, he saw all his bankster colleagues there making new deals with the Chinese, record bonuses are on the way for banksters.
Happy days are here again like 1929/30/32.
He didn’t mention unemployment or widening poverty from the poor to the middle class with middle classes getting poorer in America or explain the China equity and housing bubble that is now so big its is set to be another huge deflating bubble and the risks to the rest of the global economy when the bubble pops, he also didn’t provide an explanation how America and Europe can boom when the real economies as opposed to the fake banster lala world,are so hard hit and how ordinary tax payers will be paying in higher taxes for the $trillions over many years to bail out the bansters in the first place and how this will be a long drag on western economies and of course if the Asian bubble bursts how they too may have a similar situation. He didn’t explain where the banksters were getting all of this liquidity or rather funny and printed money, he did say was splashing around, especially in China and Hong Kong and he gave no correlation with fundamentals such a sP/E ratios when looking at share prices and market indexes. He gave the impression that this time it’s different such things as fundamentals don’t matter anymore, where have we heard that before? Only he did say he felt markets were going to rocket to the moon, even though they already have, he was saying the only way is up!
Of course that’s what they said before every stock market crash in history.
Happy Days Are Here Again,
Great Depression II
- LearnFromMistakes
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