Re: So why was JP Morgan so quick to buy Bear Stearns?

On Tue, 17 Jun 2008 22:28:17 -0300, Curly Surmudgeon
<CurlySurmudgeon_at_@xxxxxxxxxxx> wrote:

On Mon, 16 Jun 2008 16:04:49 -0700, Robert Sturgeon wrote:

On Mon, 16 Jun 2008 12:35:42 -0300, Curly Surmudgeon
<CurlySurmudgeon_at_@xxxxxxxxxxx> wrote:

On Sat, 07 Jun 2008 07:04:45 -0700, Robert Sturgeon wrote:

On Fri, 06 Jun 2008 20:55:34 -0700, Winston_Smith <not_real@xxxxxxxxx>
wrote:

(snips)

The reason for food "shortages" is speculation in commodity futures
following the collapse of the financial derivatives markets.

Anyone who believes that has so little understanding of both food and
the commodities market that there's no reason to pay any attention to
anything else he has to say on the subject of markets.

From the perspective of an American living overseas it does seem that we
are, not just the U.S. but the world in general, has entered a state of
deflation. Once begun it is essentially impossible to halt a
deflationary spiral until it burns itself out.

I keep seeing references to this deflation, but I don't see any evidence
of it. Sure, house prices are collapsing, but energy pries, food prices,
and the prices of most manufactured goods are increasing. It all
indicates to me that we have too much money chasing the goods -- not too
little money.

Perhaps if you corrected for dollar value it would become more clear.

Not just home prices but wages too. Wages drive all else.


Not necessarily, especially when the fiat currency is being printed
with wreckless abandon.



--

Note to Bush: 'Terraced' and 'terrorist' are not homonyms.
.

Relevant Pages

  • Re: So why was JP Morgan so quick to buy Bear Stearns?
    ... following the collapse of the financial derivatives markets. ... I keep seeing references to this deflation, ... food prices, and the prices of most manufactured goods are increasing. ...
    (misc.survivalism)
  • Re: So why was JP Morgan so quick to buy Bear Stearns?
    ... following the collapse of the financial derivatives markets. ... Anyone who believes that has so little understanding of both food and the ... I keep seeing references to this deflation, ... energy pries, food prices, and the prices of most ...
    (misc.survivalism)
  • Re: So why was JP Morgan so quick to buy Bear Stearns?
    ... following the collapse of the financial derivatives markets. ... I keep seeing references to this deflation, but I don't see any evidence ... Sure, house prices are collapsing, but energy pries, food prices, ...
    (misc.survivalism)
  • Re: So why was JP Morgan so quick to buy Bear Stearns?
    ... following the collapse of the financial derivatives markets. ... I keep seeing references to this deflation, but I don't see any evidence ... Sure, house prices are collapsing, but energy pries, food prices, ...
    (misc.survivalism)
  • Re: So why was JP Morgan so quick to buy Bear Stearns?
    ... following the collapse of the financial derivatives markets. ... I keep seeing references to this deflation, but I don't see any evidence ... Sure, house prices are collapsing, but energy pries, food prices, ...
    (misc.survivalism)