Jim took off the bow tie and went straight to work today, figuring out methods by which to increase his net worth during a period of grave peril. In an interview done via Skype today (Jim does an interview with just about anyone), he predicted this recent BREXIT induced squall to be the very beginnings of a beautiful catastrophe. The City of London will be flogged about the gibbet and Scotland will declare independence, taking with them their kilts and oil money. Moreover, Jim said England would become Spain, something even the Spaniards take as an insult.
The money quote:
“This is going to be worse than any bear market you’ve seen in your lifetime,” he said on Yahoo Finance’s “Market Movers” program Monday. “2008 was bad because of debt. The debt all over the world is much, much higher now. Stocks in the US, for instance, have been going sideways for 18 months to 24 months. That’s called a distribution by many people. When you have distribution for a year and a half, it usually leads to bad things.”
This is bear p0rn, for you bearshitters out there, waiting up late nights–hoping for conflagration.
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Jimbo gon bowl over all you mofos from the recumbent seat of his pedal powered tractor.
Funny how they “fixed” the credit crisis by increasing the debt load from 2008 to 2016. No lessons learned. Hell to pay. I tend to agree with bow-tied speculators.
DejaVu: pre-cise-ly what bears said to-the-word
the save, only via debt,
debt habits&tendencies would only reappear,
no lessons learned on societal or monetary level
ex-act-ly what we said 6 fucking years ago
What a dumb fuck.
The bow tied guy is full of it here. England won’t become Spain. Spain will be Spain, without its having much effect on England, as ought to be the case– and the same with Italy and Greece. England will face bumps in its road right now. But in the long run, when the EU unravels because the countries are incompatible with one another, England will be far better off, being out of the EU than in.
Spain and Italy and Greece could be fine places in their own ways– if they weren’t trying to combine with other nations that they have nothing in common with.
+1
I think the bigger problem is if Japan becomes Greece, and the US becomes Japan, but that is a few years away if you follow the demographics….
Who does China become? The US?
@frog glad we agree on something. EU doesn’t work because no one wants to assimilate. The US worked because 1 common language forced assimilation, my grandparents had to learn English to work to earn a living. Now if you dare tell someone they have to speak English you are labelled a racist.
Yeah, not yet Jimbo. But you’ll likely live to see it, you Singapore lovin’ catamite.
____
Buy the rumor, sell the news.. He’s been singing this song for years. Let us not forget he was Soro’s partner at one time..
No wonder Soros didn’t want to be his partner any more. Perma people of either sort don’t make very good partners. They are just like listening to a recorded bearish or bullish message daily.
It is said that financial markets always overreact to democratic outcomes– to news that shows that mega-banks do not rule the world 100% of the time.
I was shocked when Congress originally voted against TARP, just because their constituents didn’t like bailouts. Then, of course, 700 pts later and they had a change of heart.
BlueStar is gonna cum all over himself while listening to Mr Roger’s end of the world prophecies as we knew it
Bowtie looks like he is struggling with his new teeth.
*Crashturbation intensifies*