The Great Global Debt Unwind . . . .

[sumdumguy]

The cards are held by the World Bank, US Reserve and a few powerful families. If any of us think that our opinion is worth anything, we are just massaging our own egos. As much as we cry that the sky is falling, the powerhouse pulls through by manipulating the money market (Econ 102 Macro). I have heard that song( she's gonna collapse), since I can remember and the world just steams ahead. A lot of money could have been made in the last ten years just shutting out the naysayers and going with the good ol USA.

[foragefarmer]

Sum

"I have heard that song( she's gonna collapse), since I can remember and the world just steams ahead. A lot of money could have been made in the last ten years just shutting out the naysayers and going with the good ol USA."

Yet, Errol will come on here cutting and pasting away without so much as giving a hint as to where he plants his money when questioned. Maybe Errol doesn't have money to invest, that's why no response!

To some posters cutting and pasting is an opinion, and not an investment strategy and don't know any better They're probably sitting with their money in a bank account earning .25% interest not knowing that they're moving backwards. More than likely they listened to Errol's cut and pastes years ago and have missed out on the bull run. That's got to hurt!

[errolanderson]

No one can tell anyone where to place their money. It depends on appetite for risk, stage of life, and market opinion etc. Everyone's financial situation is unique.

Central bank policy has boomed U.S. stock markets to historic levels. Maybe the manipulation train never ends . . . but doubt it. I'm a believer that true economics also trumps central bank manipulation. The can kicking cannot last forever . . . . The NASDAQ soared to another historic high on Friday, then a mini afternoon flash crash. Monday may be interesting. To me, volatility is too low and too unusual. This will change . . . .

There are now many asset bubbles (IMO). Some economists coin the current economic situation as 'The Everything Bubble'. The risk have tapped into fine art, classic cars and luxury real estate for massive inflationary returns. But, in reality, government deficit spending is now about the only economic growth across North America. The consumer (in my view) is tapped out. Just take one look at the collapse across the retail sector. And global property values are now in-decline . . . .

Managing debt may be far more beneficial than anyone's investment advise. Consumer debt is now at-record highs, but this will change as well. In my view, the next three to five years may be a period of massive change in markets and investor attitude.

This is an opinion . . . Throw it out with the wash or take it to heart.

[GDR]

No one can tell anyone where to place their money. It depends on appetite for risk, stage of life, and market opinion etc. Everyone's financial situation is unique.

Central bank policy has boomed U.S. stock markets to historic levels. Maybe the manipulation train never ends . . . but doubt it. I'm a believer that true economics also trumps central bank manipulation. The can kicking cannot last forever . . . . The NASDAQ soared to another historic high on Friday, then a mini afternoon flash crash. Monday may be interesting. To me, volatility is too low and too unusual. This will change . . . .

There are now many asset bubbles (IMO). Some economists coin the current economic situation as 'The Everything Bubble'. The risk have tapped into fine art, classic cars and luxury real estate for massive inflationary returns. But, in reality, government deficit spending is now about the only economic growth across North America. The consumer (in my view) is tapped out. Just take one look at the collapse across the retail sector. And global property values are now in-decline . . . .

Managing debt may be far more beneficial than anyone's investment advise. Consumer debt is now at-record highs, but this will change as well. In my view, the next three to five years may be a period of massive change in markets and investor attitude.

This is an opinion . . . Throw it out with the wash or take it to heart.

Thanks Errol for your opinion and information. Always appreciated.

Only way to learn, improve and make informed decisions is to hear all sides and carry on with what you personally believe.

[ajl]

The only fiat currency and central bank in the world that matters is the USD. All other currencies like yen, yaun, loonies, pesos, rands etc will be printed 24/7 until the day they die. So $CDN debt does not matter and in fact the optimal solution is to borrow them and buy stuff with it until the day when people no longer accept it. This is why real estate has not dropped in Canuckistan. 3 years of recession and Calgary houses dropped 3%. Only because the loony dropped 25% in the mean time.