Coming price correction

[NatureBoy]

We are living in troubled times. The rebellions in the Middle East will have huge economic implications. With the increasing oil prices, we are heading for a rare combination of sharp inflation and slowing growth at the same time. With this problematic stagflation, it doesn't take an economic genius to realise we are nearing a double dip recession.

The timing couldn't be worse for a new crisis in Japan. This tragedy will push recovery years further, not only in Japan but also globally. The stock markets are already taking a nosedive everywhere and the discussions on suspending nuclear power in dozens of countries will not help the economies either.

On top of that, we still have Euro crisis with a new chapter starting in Ireland this month, and the seemingly endless worries from US employment and housing markets. And let's not forget the 'small issues' like floods in Australia, the earthquake in NZ and slowing Chinese economy. Is 2011 going to be the worst year in recent history?

It would be foolish to think they won't be another slowdown coming. So is it going to be moderate correction this year, or can we stall one more year by creating more debt and start 2012 with a big collapse?

Cash is king. Don't by anything, because it will be cheaper next year.

[Kubes.SG]

Boy, I fear that much of what you say has merit.  I thought that 2010 was going to be the year of pain, but trillions of free money buffered the guilty.  Man-made and natural disasters are making 2011 look ugly and painfull.

[Dr. Phil]

The root cause of the global economic woes is the unnatural, man-made (or MNC-made) re-distribution of wealth via Free Trade Agreements and the greatest negative impact is structural unemployment especially in large manufacturing cities and towns in the west.

Our governments no longer work to achieve an acceptable and fair balance between defending domestic unemployment with import tariffs and quotas and sensible immigration controls. Today our political masters have agreed behind closed doors, to create a "global village" which sounds pretty cool.  
But did we vote for this?
Would we vote for this?

Mr Cameroon talks about his vision of a "Big Society" which nobody understands so he is left to babble alone; there may be madness in his blood line.  

Increasing unemployment has caused falling Treasury revenues due to reduced taxes collected and to maintain public services these taxes must be increased; also there is the small matter of the robbing bankers, descendants of the bank robbers of yesteryear.

Unemployed folk generally have less income and In order to maintain profits, shops and supermarkets have had to increase prices.

Our nervous oil traders have the jitters notwithstanding there is no proximate threat from neighbouring nuclear reactors and want to double the price of a gallon of petrol; which we now call a litre because the price of a gallon is so intimidating.

We are fighting two wars in Middle East of our own making and our chinless wonders want to open a third front. And why not?  

I could go on ad nauseam.  

Oh yes, and piracy is indeed a thriving industry which, it is predicted, will grow revenue 40% in 2012.

Yesterday the global news was dominated by the uneducated masses along the southern Mediterranean.
The air is filled with discontent and its not even winter.
Tomorrow it may well be USA or UK

One of the few heroes with the courage of his convictions, who believes the "people have a right to know" remains in solitary confinement in USA and will likely continue to do so for the next 90 years; Bradley Manning, Medal of Honour.  

His courage shames us all.  
 

[Biya]

Mr Cameroon?

[Agent007]

Dr. Phil is a bloody brit and so is Mr. Cameroon. Phil can't spell, thinks he's still in UK and does not realise that 99% of people here don't give a shit about his bankrupt little island.

[maisei]

Dr. Phil is a bloody brit and so is Mr. Cameroon. Phil can't spell, thinks he's still in UK and does not realise that 99% of people here don't give a shit about his bankrupt little island.

You are a guest here also like the rest of us.   We care even less about your sleepy little backwater or one horse desert town or wherever it was you came out of.

[Bagshot, Col]

Dr. Phil is a bloody brit and so is Mr. Cameroon. Phil can't spell, thinks he's still in UK and does not realise that 99% of people here don't give a shit about his bankrupt little island.

I say steady on old chap. That's Dr Phil your maligning. 
Business not looking good, what?

[well agent idiot]

Peasants like you seem to care a lot about who pays their rent.

Shoe on other foot for plastic disneyland, most people in that rather larger than yours island could care where you are on a map or even if you exist.

[Vulcanl]

"...Cash is king. Don't by anything, because it will be cheaper next year..."

This is very bad advice in any kind of inflationary scenario...precious metals are your best protection in this environment.

[agent india]

Peasants like you seem to care a lot about who pays their rent.

Shoe on other foot for plastic disneyland, most people in that rather larger than yours island could care where you are on a map or even if you exist.

You don't understand our agent idiot - he claims to not come from Singapore - which most Singaporeans will have a sigh of collective relief from.

He's just an expat kid typing on the grown ups site all day.Filled with self loathing on some level.

My monies on India. Most are really nice but you occasionally get one of these types from there

[Prediction]

Predict a crash everyday then eventually you will be right.

[maisei]

But the funny thing is, there will not be a crash here. Not ever.

[TheWrathOfGrapes]

I thought that 2010 was going to be the year of pain, but trillions of free money buffered the guilty.  Man-made and natural disasters are making 2011 look ugly and painfull.

Translation for those uninitiated in Kubespeak:

I was dead wrong that 2010 was going to see the collapse of currency, property and stock markets.

[absolutely right]

But the funny thing is, there will not be a crash here. Not ever.

Singapore can never crash (excep 1997 and 2008) and will never go down (except it is still belowm 90s levels).

Best investment ever (except other stuff).

[Bicycle]

So what you are saying is that prices will go up until they start going down