Quote:
Originally Posted by Vendot
Im pretty active in the market. Actually I think equities will do quite well but only over the long term. The only solution to these debt problems is to expand the money supply (ie quantitative easing) and this is generally good for many asset classes including equities.
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The Federal Reserve already tried quantitive easing to combat a liquidity trap, that's what the bank bailouts were in essence. Only instead of financing loans or refinancing mortgages the banks took the money and invested it internationally in commodities, the emerging markets and foreign currencies. Bank of America shouldn't even be able to call itself that, they're selling this country out right from underneath us, and people wonder why there's mass protests going on. These banks are gambling with the fate of hundreds of millions of people here in the US, possibly the entire world.
If you're in Dubai all you have to do is look out your window to see the absurdity of the real estate bubble and the absolute greed it caused. Enormous towers that some idiots thought would be a good idea to build in the middle of a fucking desert, and a very unstable region of the world, sit unfinished. The United Arab Emirates and Saudi Arabia could very well be facing the same fate as Iran in 1979. Get ready for Sharia law.
Maybe i'm being overly pessimistic though, I hope so............