It’s Probably Nothing

31 Replies to “It’s Probably Nothing”

1. Brings to mind the old axiom, a man goes broke slowly – then all at once.

2. TSX down 425, Cajun $ down 1.3 cents.
   Seems like I picked the wrong week to give up drinking.

3. Higher interest rates are on the way. Much higher. There is no other way out.
   This post may go hand in hand with the Baltic Dry post. Interest rates up. Commodities down. Inflation up. There is no safe place to hide. Diversify.

4. Ron:
   With higher credit costs and a currency retraction under way, all the Keynesians who believe manipulating interest rates will cure the realities of debt-backed currency, will accomplish is an extended stag-flation economy.
   Prepare for a long cold winter and buy some metals.

5. Wonder how Barry will explain a Depression to America?
   No doubt he’ll fall back on the “Bush did it” lie and teleprompter the hell out of the airwaves to sell that line.

6. The “lucky ones” are already dead.
   http://www.youtube.com/watch?v=wh9AC0jCGjY

7. Are you saying ‘all eggs in one basket’?

8. “Everybody knows”
   Speaking of which…
   Does anybody know of a good solar energy or firm or something to short?

9. Excusa.
   Two “or’s works in a boat, not so much above.

10. sry but your link doesnt work and there doesn’t seem to be any story online to corroborate?
    i think your right it is probably nothing.

11. Link isn’t broken, server’s being slammed.

12. loss of 3.4% = collapse?
    That’s allot but hardly a collapse. The Dow lost just as much.
    sounds like they’re crying wolf.

13. Kate, do you know how come the server was being slammed?

14. They are saying “collapsed” but when you look at the numbers there is no collapse there.
    unless a 3.4% drop is a collapse?
    http://news.sky.com/home/article/16043920

15. So your right it was nothing.

16. on the other hand if you purchased ten thousand dollars of gold in 1999 you have a very nice retirement nest egg.
    Shame on my mutual fund guy.

17. No expert here but,
    FTSE MIB is down almost 12% since Monday. About half of which is just from today.
    It’s probably nothing, though.

18. At least they’ve only lost about 28% since May.

19. It’s Zerohedge. They get slammed every time there’s trouble in the markets.

20. According to Business Week, it was a computer glitch that suspended trading for an hour in Paris, London and Amsterdam. It was resumed an hour later.

21. I hope those interest rate go up big and soon. I have a ton of cash (my RRSP) that has been earning nothing for the past three years. …. Fortunately, I did buy metals two years ago … that has helped.
    It’s a bitch when one (me) faces a hard earned retirement (my own pension plan) at the moment the global economy is in collapse and it just ain’t safe to fly anywhere.
    I guess it’s traditional rocking chair on the front porch now.
    I should have taken that Post Office gig when I had the chance about forty years ago.

22. The deck is stacked against we little people. I too many try to bail out of the market, they close the market. If too many of try to get our money out of the bank, they close the bank.
    That is what causes violent revolt. You would think they would know that by now. But then, they stopped teaching history in school long ago when the liberals realized that history made them look bad.

23. We’re forked, I’ve lost a small fortune since Obama’s fake financial crisis.

24. What’s bizarre is that every time financial markets take a hit, most investors bail out of metals, commodities, energy and everything else in favour of a “flight to safety” in, of all things, U.S. treasuries. I term this a “flight to stupidity” and one of these days these same investors will be caught holding boatloads of treasuries while a run on the U.S. dollar develops. Then they’ll find out that these “liquid” assets aren’t so liquid anymore.
    The downturn in the markets is not so surprising, really. It’s a way of signalling “thumbs-down” to, among other things, the recent sham of a deal in the U.S. to raise the debt ceiling and “cut” spending. Financial markets are recognizing it for the scam that it is.

25. The financial markets will rebound, especially the metals, mining, ag and energy sectors, perhaps even in a matter of days. Not because the economy is improving, but because Bernanke is going to unleash QE3 to the 10th power. He is sooo predictable. The European central banks are doing pretty much the same thing. They will sacrifice their currencies to the Keynesian gods no matter what. It’s what they do best after all.

26. So in other words Italy is broken? Is that the moral to this story?
    Guess that means France and England will be sucked into that powerhouse economy never to be seen or heard from again.
    good news afterall

27. Time to buy a mattress with a safe.
    Banks are not your friend.
    They can & will steal your acount. Its legal theft. Something my Granmother found out the hard way during the Deppresion. This is why banks where giving out cheap appliances. Most folks from that era would have nothing to do with them.

28. The solid blue chip corporations apparently have huge cash reserves on hand these days – record amounts. A buying opportunity ahead for them – for individuals (with cash) also.
    In the end, it is intrinsic value that counts. Oil’s is ___? Gold’s is ___? Obama Buck’s is ___?

29. Forget gold and cash.
    Buy brown rice, dry beans and bottled water.
    And a little place out in the country where no-one can find you.

30. foobert @ 12:41;
    I already have that little place in the country and it is filling up! The turkeys and gophers are cleaning out our garden!
    Don’t expect these idiots running things to save anything. They will ride this ship down like the Titanic. When the real scope of what is happening finally sinks in they will likely be lynched.
    I asked my father-in-law if he thought today’s generation could survive another depression like he experienced in the ’30s. Surprisingly he thought we could. “You do what you have to do!”

31. Thank God I’m broke already, or I’d be wiped out.