A worse financial crisis looming?

This dude seems pretty sure of it...Video's kinda long but it gets interesting

http://www.stansberryresearch.com/pro/1011PSISBBV…

Also plenty of other sources that seem to believe something big is going to happen in the near future...

http://finance.yahoo.com/blogs/daily-ticker/risks…

http://online.wsj.com/article/SB10001424052748703…

http://www.globalresearch.ca/index.php?context=va…

What do you guys think? We were doomed from the beginning? Or just a big marketing ploy?

 
Best Response

I'm as lost as you, man. Pretty incredible to think about.

Watched that whole video and find his reasoning very justifiable but he leaves out facts like how although China is selling US T-bills they still own over a trillion in them. Could you imagine what would happen to the Chinese economy if the value of these essentially went to zero. Do you really think they would let that happen?

I know.. I know, there help would probably include financing the US with more debt and possibly prolonging our inevitable downfall but who's to say things couldn't even out. Also, If the US starts running a trade surplus (which they have) they will slowly begin paying back our deficit.

Imagine if 1 out of every 5 people in China began to purchase automobiles made with the steel that was produced here in the US. That would mean billions of dollars in taxes coming to our government through corporate entities involved. This is something that is very likely to occur, due to the incredible amount of money being spent on infrastructure in China right now.

I know that this is a fairly limited argument but just think about the 100's of industries and ways they could feed money back into the US Economy.

 

Ullam esse architecto inventore. Modi eos sequi voluptas. Recusandae dolore dolorem alias et voluptas laudantium.

Nisi ut eius possimus laborum fuga. Suscipit consequatur nisi in dicta sed. Et rem provident magnam vel sint.

I didn't say it was your fault, I said I was blaming you.

Career Advancement Opportunities

June 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Lazard Freres No 98.9%
  • Perella Weinberg Partners New 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.2%

Overall Employee Satisfaction

June 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Morgan Stanley 05 98.3%
  • William Blair 03 97.7%
  • Lazard Freres 06 97.1%

Professional Growth Opportunities

June 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Moelis & Company 06 97.7%
  • Credit Suisse 04 97.2%

Total Avg Compensation

June 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (23) $378
  • Associates (95) $261
  • 3rd+ Year Analyst (14) $181
  • 2nd Year Analyst (69) $168
  • Intern/Summer Associate (34) $167
  • 1st Year Analyst (213) $160
  • Intern/Summer Analyst (154) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
numi's picture
numi
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”