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I am frightened for this world.
I do not think that what will happen will be properly described as a "correction," unless one can say that Marie Antoinette's fate was a "correction."
I think things have been building up for some time. We are fragile. Beyond the fragility of the economy there lies the greater frailty - the lack of savings. We cannot withstand a sudden downturn for any length of time. It would keep me up at night, I'm sure, if I had the statistic on the % of American households that would be unable to pay bills as they came due within 2 months of losing a job.
Not to sound childish, but it's all very frightening, and there is no bright spot.
Our manufacturing base is mostly eroded, so we can't make stuff to get out of this.
Our debt burden is so large so as to ensure we will be indentured even if we could work our way out of it.
Natural resources, and particularly oil, are becoming more costly as the rest of the world catches ...
Well said.
I starting to make out the image, SHIT! It's a .... BLACK SWAN!
zzyzzx
2018 Feb 15, 8:46am
Fannie Mae to turn to taxpayers after $6.5 billion loss
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Take a look at Fannie Mae's weird balance sheet at http://finance.yahoo.com/q/bs?s=FNM&annual
Is this a good stock to buy puts on or maybe even to sell short? On the one hand, they apparently have $22 billion in net tangible assets, but on the other hand, that is merely the 2% difference between their truly massive $1 trillion debts and assets. Those massive assets are backed by on inflated house values, so they may fall a lot.
They seem to have a price / earnings ratio of 7, which is really cheap, but then again, not if they start losing money on a big scale. Will they?
Patrick