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Knowing when to steer clear of a downturn is the hardest thing to predict in finance, unless you are talking about 1 to 3 days out and are willing to spend 5 to 10% of your portfolio on puts into a crashing market.
Rin saysWhen one's not an active trader, keeping an eye on out of control corporate debt, is a way to avoid the downturn
I've never done much fundamental analysis. Are you predicting a downturn? We havent even had a real scare in a few years, unless you count that hiccup earlier this year (DOW down 666 has 4chan all conspiracized )
New laws give banks the flexibility to "Holiday." --close and then reopen with all the money devalued or even removed in part at least.
@jazz_music Got a link with details? How did you hear about this? Thanks.
Patrick says@jazz_music Got a link with details? How did you hear about this? Thanks.
@patrick . It's called a bail in. Thanks to dodd frank banks that are failing can grab your money
and basically give you an IOU as an unsecured creditor. http://www.kitco.com/commentaries/2015-06-22/If-You-Have-Money-in-a-US-Bank-Account-Be-Aware.html
Google bank bail in, there are tons of articles.
Anyone who's not up to his eyeballs in debt is fucking stupid.
A busted bank doesn't have to return your principal deposits. Unlike when YOU are the borrower and THE BANK is the lender
DASKAA saysfile for bankruptcy, and in 7 years you'll be in the clear to BORROW
pensioners can't do that
More. This rather shrill article is from a precious metals hawkers's site.
https://www.moneymetals.com/news/2015/04/15/fdic-plots-a-bank-heist-involving-your-accounts-000694... the bail-in. The easy part – the laws they needed had been in place for decades. But for added cover, they passed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, a 1930's-styled, bank heist blueprint with a feel-good name.
Those laws altogether say your money in your bank account in your name is not your money. Those laws say the bank owns your deposited money, not you.
Wait...what?
Court cases have upheld for decades that putting your money in savings, a CD, or other banking products means you've become an “unsecured creditor.”
Your deposit is actually an unsecured loan to the bank with all the problems of counterparty ris...
Strategist:
I urge everyone to ignore this nonsense.
No one has ever lost money from FDIC insured deposits. Even uninsured deposits have been paid.
He is talking about Venezuela. Please keep up.
Thank You
Strategist says
He is talking about Venezuela. Please keep up.
Thank You
Dodd Frank title II applies in Venezuela too? I never knew that. Amazing the things you learn on patnet.
I read the US government actually profited by bailing out mortgages. Whatever they did worked, because we have one of the best economies in the developed world today. I don't understand why those losers who hate America keep bashing our economy in the face of overwhelming evidence to the contrary.
We just got back from socialist France. Bums and homeless everywhere in Paris begging for money. We only gave to an old man who wanted one of the six bottles of water we had just purchased from a small grocery store.
https://www.cbsnews.com/news/insider-stock-sales-by-company-executives-soar-to-a-record-pace/