German Finance Minister Schäuble Warns of Global Financial Crisis (video)

Schäuble warns of financial crisis

Financial Times (ft.com) video above published Oct 9, 2017: Outgoing German finance chief says central bank policies risk forming ‘new bubbles’--Wolfgang Schäuble has warned that spiralling levels of global debt and liquidity present a serious risk to the world economy, in his parting shot as Germany’s finance minister.

See also:

• Austria election 2017 results 15 Oct 2017: Eurosceptic Conservative Millennial Sebastian Kurz, age 31, declares victory--Europe's youngest leader--'Brussels Nightmare'
• FT.com: Paris and Berlin at odds over key plank of eurozone reform plans
• Merkel's Party Suffers Vote Setback in Germany's Lower Saxony on Sunday, Oct 15, 2017, with the poorest showing in 58 years for Angela Merkel's party, the CDU, in Lower Saxony (a German state larger than the Netherlands), further weakening Merkel as she tries to form an "awkward" alliance with pro-business Free Democrats (FDP) and environmentalist Greens. Negotiations could well drag into 2018, reports Reuters.com.

Markets may be underpricing global risks, #ECB official says https://t.co/GtHqgg19Pm via @markets #markets #bonds 3FX #bondbubble

— Robert Burgess (@burgessansm) October 9, 2017

What Tulips and the Great Recession Have in Common

Bloomberg.com video above published Oct 9, 2017: Most people would agree that the bond market is expensive. But is it in a bubble? Alan Greenspan thinks so. So will this bubble be popping anytime soon? Bloomberg's Jonathan Ferro explains. #BondBubble

Everybody Wants Duration Even as Fed Normalization Draws Near https://t.co/ViEa89tvwc via @markets #markets #bonds #bondbubble #Fed

— Robert Burgess (@burgessansm) October 5, 2017

If you must own #bonds stick to short-term bonds…the #bondbubble is now back to where it was in July 2007!
https://t.co/eKB1WPNL2I

— Vern Sumnicht (@VernSumnicht) October 5, 2017

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DISCLAIMER

How Much Is That Domain Name Worth? How Much Is A Tulip Worth?

Or a parcel of real estate, or a share of stock, a barrel of oil, an ounce of gold, a US dollar, a Chinese Yuan, or a bitcoin or . . . .

Where rationality, economic theories, and market reality clash, one must grasp at the unknowns -- and to paraphrase a quote from a rational economic theorist in the article further below --

The current internet stock prices seem "very high." To justify such prices, simply bullish or "crazy" analysts must see truly unusual future growth prospects. Similarly, other valuations shown might be regarded as either "very high" or simply "crazy."

Really? The valuations are "bullish," "very high," or simply "crazy?" LOL! Experts and economists are usually WRONG!

An astonishing record – of complete failure - FT.com: "The chief explanation is that the economy is complicated and we don’t understand it well enough to make forecasts. We don’t even fully understand recent economic history."

George Soros: "Classical economic theory assumes that market participants act on the basis of perfect knowledge. That assumption is false. The participants' perceptions influence the market in which they participate, but the market action also influences the participants' perceptions. They cannot obtain perfect knowledge of the market because their thinking is always affecting the market and the market is affecting their thinking." [source: Soros, George, Soros On Soros: Staying Ahead of the Curve, (New York: John Wiley and Sons, 1995)]

So don't just tell me what you think it is worth, and PLEASE, do not tell me what some online service estimates its value at -- tell me what it last sold for (the actual selling price), when and to whom. If you tell me the asking price, then show me comparable domain name sales. Then give me the value proposition or the value add to justify a higher price. Then tell me your marketing methodology, your sales strategy, your buyer profile, the broker or auction site. Give me all the variables or at least the ones you can actually identify (because there are many, many variables you will never be able to fully identify). A final word of advice: Stop selling your dot com domain names so damn cheap!

Article - How Much is a Tulip Worth




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