Rickards: Brace For Financial Storm 6x Larger Than 2008

INVESTMENT WATCH BLOG ^

[exnavy]

Which Corp will be to big to fail this year.

[SpaceBar]

energy-related and emerging-market corporate debt...

Sounds like the implosion of the "green" industry, built on the house of cards called government subsidies.

[Roman_War_Criminal]

Does this mean electric and gas utilities?

Energy that everybody needs...?

[E. Pluribus Unum]

It's an ill-wind that blows no one some good.

Somebody's going to make a fortune shorting the right stocks this year.

[cripplecreek]

Lots of talk about wind not being able to repay loans at the same time they need to cut costs to compete with fossils.

[skeeter]

Financiers cold be throwing themselves out of windows by the score, soup lines could be miles long and the Americans eating tree bark and the media will be reporting that everything is rosy economically - until Obama leaves office.

[DuncanWaring]

The next financial collapse ... will come from junk bonds, especially energy-related and emerging-market corporate debt.

Not yet.

The holders of those bonds will just sell them to the Federal Reserve, and the can will be kicked down the road once more.

[safetysign]

But Obama says the crisis is over.

[tbw2]

Soros and/or Pelosi.

[laplata]

for later

[al_c]

And guess who will get the blame ... the GOP - upon taking control of the House and Senate.

[Arm_Bears]

At least 6-times worse?

Wow—Hard to argue with that level of precision.

[sneakers]

bump

[SpaceBar]

I look for code words and euphimisms in these types of analyses.

[VanDeKoik]

“Over the coming months, I believe we could see an economic meltdown at least six times the size of the 2007 subprime mortgage meltdown... “

While I think stuff wont be great in the economy for a while, I really have grown tired of these people constantly predicting stuff like this, as they have for years, usually followed with a pitch for some book or “survival” product they are hawking.

Economies rise, and they fall. Happens all the time. Dont need some dolt economist to tell you that.

[Mastador1]

Which Corp will be to big to fail this year.

Wrong question, the question is who will be the first to blame Bush when it happens.

[wiggen]

don’t sound right to me.
CDS they wrote on all the toxic debt.