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| Meanwhile, The Spanish Lies Are Being Exposed in forum [Market-Ticker]
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Iou
Posts: 1031
Incept: 2009-03-16
The Twilight Zone
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It's all [bull****]. This entire so called "Recovery" is based on LIES. Each lie beckoning the masses as they get more and more desperate. I've lost all hope for any truth telling. The looting will just continue until there is nothing left...
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"When plunder becomes a way of life for a group of men living together in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."- Frédéric Bastiat
Reason:
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Kylafoon
Posts: 2472
Incept: 2009-02-05
Zombie Portal Lookout
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IOU, There was nothing left four years ago. These bastards
are stealing in the "pay-it-forward" style.
They are buying and selling each others bag of dog ****
and listening hard for when the music stops.
In the meantime -- sold to you...
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"...But whenever we see things done wildly, but taken tamely, then the State is growing insane..." - Gilbert Keith Chesterton 1910
"I found a flaw in the model that I perceived is the critical functioning structure that defines how the world works." - Alan Greenspan, October 2008
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Genesis
Posts: 131485
Incept: 2007-06-26
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Bankia was a particularly-nasty scheme in that it was only listed in 2011!
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Bearshort
Posts: 4537
Incept: 2007-09-13
NYC
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Spain 25% unemployment, housing prices down 50%.....good luck there with that.
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Every day I'm more embarrassed and dismayed by my government.
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Jubber
Posts: 14642
Incept: 2007-07-05
UK
Online
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50% UE under 25
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“The problem with socialism is that, sooner or later, you run out of other people’s money.” Thatcher
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Trades50
Posts: 4238
Incept: 2007-10-30
Land of Tax and Spend
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Quote: Spain 25% unemployment, housing prices down 50%.....good luck there with that. I seem to remember that during the great depression of the 1930's housing prices declined by 80%. Japan's downturn in the last 20 years had over an 80% decline in prices. In some areas of the US housing prices bubbled up again. Especially surrounding Chicago.
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When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson
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Theox
Posts: 601
Incept: 2009-01-30
People's Republic of Maryland
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I always assumed that Bankia was the Spanish 'bad bank' where they put all the especially nasty stuff that the other banks didn't want.
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Ben
Posts: 6408
Incept: 2009-10-09
The Distant, Glorious, Past
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I was watching a very good documentary on Spain.
Spain is like China. Local governments are setup and incentivised to lend lend lend and take on debt. In Spain each region had its own bank just for that region unlike China's national SOE Big 6. each region set up to balance the 2 independence seeking regions and give them autonomy, rooted in Franco's Years. This caused all the problems with leverage and people buy homes they could not afford, the regional banks marketed RRE to Britons and others, The City traunched and sold the paper as AAAA and know you know the rest of the story.
Knew a teacher here last year, 3 languages, 2 Masters degrees, hottie, 27, could not handle the Culture Shock and China and returned to Spain with 60% UE for her age cohort.
I and another tried to talk her into going to the ME, earning $6k USD per month teaching at women's only universities. She had TWO MASTERS could subject teach, not English, work IB or International Schools anywhere on this planet. She would not do it, would rather be back home in an imploding society.
Spoke with a relative last night, USA bad, getting worse, they said: "You probably have a better future there than here."
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"Why are you going to learn French?"
"Because I'm going to France," says Joe.
"I'm from the future. You should go to China."
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Ktrosper
Posts: 1510
Incept: 2010-04-06
ft collins co
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Trades wrote..In some areas of the US housing prices bubbled up again. Especially surrounding Chicago I think they've managed to barely keep it propped up by 1. artifically restricting supply (NOT foreclosing and by maintaining a massive shadow inventory), 2. ZIRP (the moment rates tick up, home prices immediately sink) and 3. QE 4-ever (promising to buy $40B a month in in mortgage backed securities - giving banks a mechanism to offload garbage loans that I believe they'll continue to write). Long term, I think we still need to ask ourselves WHO are the home buyers moving forward?? The unemployed/underemployed??? The youngsters graduating with RECORD debt which blows their debt to income even when they are finding work??? Boomers, who are retiring at 10k/day who are looking to downsize???? There will be pockets around the nation, I guess, where home prices are sustained.. TX maybe? But long-term this McMansion bubblicious **** is coming back to earth. Was looking at Zillow yesterday for the Ft. Collins CO area, still LMAO at the prices.. We're not even close to bottom.
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The unexamined life is not worth living.-Socrates
The only stable state is the one in which all men are equal before the law.-Aristotle
Liberty exists now in the spaces government has not yet chosen to occupy.-Doc Zero
I anticipate that 10 Dallas Cowboys Cheerleaders will blow me this evening.-K.D
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Richardebel
Posts: 97
Incept: 2010-11-15
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Posted in the wrong place. Please disregard.
Reason: Posted in the wrong place
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Vernonb
Posts: 434
Incept: 2009-06-03
East of Sheol
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"Americanus Stupidus" - ROFLMAO.
I have visions of Steve Irwin tracking these not so wily beasts that survive by eating the stronger members of the herd. That would make a great movie or website name.
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"The welfare of the people in particular has always been the alibi of tyrants, and it provides the further advantage of giving the servants of tyranny a good conscience.”
-Alber Camus (1913-1960)
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Medicdan
Posts: 8131
Incept: 2010-02-11
Scottsdale, AZ
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Quote: Last May, if you recall, the firm was "nationalized" but the patina of normalcy was maintained for a while, with some fools continuing to believe they would somehow maintain their investment. I wonder how many of the NON fools used this time to exit?
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Cvdoc
Posts: 174
Incept: 2009-06-11
Washington, DC
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The only reason to stay in equities is if you don't want to take the capital gains hit or you are doing short time trading. The fix has been in for a decade.
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Few men desire liberty; most men wish only for a just master.
Sallust
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