OT: Emerging Markets Mock the Pessimists
"Remember how this time last year a lot of analysts were predicting that 2014 would be a bad year for emerging markets? Didn't really happen, did it? Now I hear economists saying the reckoning they'd expected has only been postponed. It'll happen next year instead. It's possible, but I wouldn't bet on it."
http://www.bloombergview.com/articles/20…
Well I bet those pessimists did not include The Economist or stevie-girl or those, like zipman68, who like to circle-jerk him on his economic/market views here on TUSCL. Because when they are skeptical they always get it right. Why? Because stevie-girl said so!
Now surely we don't have any pessimists here on TUSCL about the economy/emerging markets going into 2015 do we?
http://www.bloombergview.com/articles/20…
Well I bet those pessimists did not include The Economist or stevie-girl or those, like zipman68, who like to circle-jerk him on his economic/market views here on TUSCL. Because when they are skeptical they always get it right. Why? Because stevie-girl said so!
Now surely we don't have any pessimists here on TUSCL about the economy/emerging markets going into 2015 do we?
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12 comments
Pessimists fear this is true.
But this is why it is broken, and why it is so fragile, because the jobs don't address real needs. They are only there because people keep boosting for the bubble. So as long as it keeps expanding, people keep betting their money that it will continue to. But then finally it collapses, and then people right away start boosting for the next bubble. And the underlying problems and the unmet needs never are met, as we squander non-renewable resources and do irreparable environmental damage.
SJG