S&P way over valued, debt soaring, and china hording...

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jaffab
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S&P way over valued, debt soaring, and china hording...

Post by jaffab » Thu Feb 16, 2017 8:00 pm

.... Is that a rumble I hear?

So some interesting numbers appeared this week, and some interesting articles with those interesting numbers. And when I say interesting, I mean down right soil yourself scary.

First of all, some number crunching by money week shows that China is hording gold like it's running out, and could soon take over from the US as the world's gold bank....

http://moneyweek.com/money-morning-china-gold-pile/

Of course, in fairness China has been grabbing all kinds of commodities from all over the planet as fast as it can for the past 15 to 20 years. And it it has made it clear that it wants the yen to replace the dollar for all oil, gold, and diamond exchanges in the next 10 years.

Then, for your enjoyment we have these stats that show the S&P500 (standard and poor credit risk agency valuation to trade index of us top 500 companies) has stocks overvalued by 3 times company value, stocks being levereged for more buying, and credit borrowing on the up with the conclusion we are in the mother of all bubbles...

http://dollarcollapse.com/money-bubble/ ... k-up-boom/

And of course, in the last 9 days we have seen almost every single us market index hit an all time high. What has gone up, has to come down at some point.

Talk it all with a pinch of salt. But if I was in charge of the US fed, I would be permantly drunk and\or off my head on drugs.
You live in a time of decay, when the worth of a man is how much he can pay (Flamboyant, Pet Shop Boys, 2006)

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sethorly
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Re: S&P way over valued, debt soaring, and china hording...

Post by sethorly » Fri Feb 17, 2017 4:49 pm

The S&P 500 pe ratio isn't that unusual.
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raz
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Re: S&P way over valued, debt soaring, and china hording...

Post by raz » Fri Feb 17, 2017 10:12 pm

china isnt the only country trying to replace the dollar and id say its no secret why they have been buying so much gold.. the B.R.I.C.S nations are trying to set up a system backed by gold instead of the fiat system currently in place. if u check out Brazil, Russia, India & South Africa they have been increasing the national reserves for a couple of years now. if anything it would give me more confidence in my PMs if they get it up & running :)

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jaffab
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Re: S&P way over valued, debt soaring, and china hording...

Post by jaffab » Sat Feb 18, 2017 9:40 am

sethorly wrote:The S&P 500 pe ratio isn't that unusual.
I agree. But look at chart 3, every time it has been this high, it is just before a 'readjustment' as they are calling in on Boomberg. They were interviewing the little old lady from the Fed this morning, and she said a major 'readjustment' is imminent.
You live in a time of decay, when the worth of a man is how much he can pay (Flamboyant, Pet Shop Boys, 2006)

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Brambles
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Re: S&P way over valued, debt soaring, and china hording...

Post by Brambles » Sat Feb 18, 2017 9:57 am

Does that mean house prices are going down?
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Mortblanc
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Re: S&P way over valued, debt soaring, and china hording...

Post by Mortblanc » Sat Feb 18, 2017 7:03 pm

I do enjoy the conversations generated when the ravings of a gold sales company's website are used as a replacement for real news.

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jaffab
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Re: S&P way over valued, debt soaring, and china hording...

Post by jaffab » Sat Feb 18, 2017 7:24 pm

Well, all news is biased way way or another, and I take all news with a big pinch of salt. And yes, the dollar collapse web site is there to sell gold and silver. But Bloomberg talked almost the exact same numbers on Tuesday. Those raving nutty Bloomberg folks. :)

As for house prices dropping, I would not imagine so. Can't see that happening until UK interest rates start to go up, and that is not going to happen for an awfully long time. They may go up .25% or even .5% in the next 6-12 mths, but that will only be a temporary rise to create a drop zone to deal with problems in the future.
You live in a time of decay, when the worth of a man is how much he can pay (Flamboyant, Pet Shop Boys, 2006)

womble
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Re: S&P way over valued, debt soaring, and china hording...

Post by womble » Sat Feb 18, 2017 8:05 pm

S&P has been climbing on the back of speculators' hopes for a Wild West of the stock market under Trump's "business-friendly" low-regulation administration. It has even less than usual to do with the actual economic performance of the concerns whose stocks are being traded at ever-more-inflated prices.

Still, doesn't stop us all catching a cold in the ol' pension fund when the bubble bursts.

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jaffab
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Re: S&P way over valued, debt soaring, and china hording...

Post by jaffab » Sat Feb 18, 2017 8:30 pm

102% agree with this. See, I can do trump economics as well.
You live in a time of decay, when the worth of a man is how much he can pay (Flamboyant, Pet Shop Boys, 2006)

TeeDee

Re: S&P way over valued, debt soaring, and china hording...

Post by TeeDee » Sun Feb 26, 2017 9:46 am

jaffab wrote:Well, all news is biased way way or another, and I take all news with a big pinch of salt. And yes, the dollar collapse web site is there to sell gold and silver. But Bloomberg talked almost the exact same numbers on Tuesday. Those raving nutty Bloomberg folks. :)

As for house prices dropping, I would not imagine so. Can't see that happening until UK interest rates start to go up, and that is not going to happen for an awfully long time. They may go up .25% or even .5% in the next 6-12 mths, but that will only be a temporary rise to create a drop zone to deal with problems in the future.

My thoughts also.

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