About BayAreaObserver

BayAreaObserver

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Registered Jul 31, 2013


BayAreaObserver's most recent comments:

  • On Sun, 26 Jul 2015, 5:30pm PDT in What I love about Donald Trump, BayAreaObserver said:

    iwog says

    If you want to be pissy that I was successful, feel free, but I'd wager that it stems from a sense of low-self worth. Of course I have no way of really knowing, but that's my guess

    You can wager whatever you would like - while you are incessantly engaged in self promotion in the style of Donald Trump - I did ask a few friends of mine who are psychologists to do quick analysis of your threads and comments. Not sure you would like the findings but CiC is not far off. As for what you have today - more power to you - don't care - masses of money has never been a primary motivator for me.

    I do find it interesting however that I have seen many people on this forum quietly commenting on their gains, losses, travel, what have you - that do not go on at the lengths you do about how correct, brilliant or whatever you were/are and the other's weren't etc.,

    If you seriously think people are jealous of you - you have more problems than what my friends divulged....seriously....

  • On Sun, 26 Jul 2015, 5:02pm PDT in The end of the Old World Order, BayAreaObserver said:

    The US$26 trillion debt problem that is crushing competitiveness in China - It could take a decade for the mainland to get on top of the debt crushing its competitiveness, and slower economic growth only makes it harder.

    The good news is that most of the debt is denominated in yuan, which helps insulate Beijing's US$3.7 trillion foreign reserves pile, and almost all the debt has been borrowed by, or is owed to, entities ultimately backed and owned by the government.

    The overarching bad news, however, is that cost of servicing the debt and the country's dependence on credit to drive the economy has become so acute that it now takes non-financial businesses around 1.6 units of leverage to deliver a one unit increase in GDP growth.

    "China's growth paradigm and the use of liquidity and fiscal policy measures to keep up growth in order to prevent unemployment risks, means that China is risking a sea of credit and balance sheet depletion," said Markowski, a long-time external adviser to mainland monetary and financial authorities.

    http://www.scmp.com/business/markets/article/1843775/us26-trillion-debt-problem-crushing-competitiveness-china?cx_tag=recommend_desktop#cxrecs_s

  • On Sun, 26 Jul 2015, 4:45pm PDT in Debt Forever Scam Continues, BayAreaObserver said:

    Greek PM Tsipras under pressure over covert Syriza drachma plan reports.
    Some members of Greece's leftist government wanted to raid central bank reserves and hack taxpayer accounts to prepare a return to the drachma, according to reports on Sunday that highlighted the chaos in the ruling Syriza party.

    It is not clear how seriously the plans, attributed to former Energy Minister Panagiotis Lafazanis and former Finance Minister Yanis Varoufakis, were considered by the government and both ministers were sacked earlier this month. However the reports have been seized on by opposition parties who have demanded an explanation.

    The reports came at the end of a week of fevered speculation over what Syriza hardliners had in mind as an alternative to the tough bailout terms that Tsipras reluctantly accepted to keep Greece in the euro.

    http://www.reuters.com/article/2015/07/26/us-eurozone-greece-idUSKCN0Q00JN20150726

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