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      09-08-2019, 01:22 PM   #1
NormanConquest
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Enron 2.0 looming

little enron 2.0
https://www.cbsnews.com/news/general...whistleblower/


Big enron 2.0
https://finance.yahoo.com/news/bad-l...093000628.html

GE will shock the system, but Chineese worthless currency, inflated GDP numbers, and 400% debt will cause massive shockwaves especially in the European banking sector.
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      09-08-2019, 05:39 PM   #2
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Being a republican = living in constant fear and hyped up events
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      09-08-2019, 05:44 PM   #3
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Quote:
Originally Posted by SoCalS2k View Post
Being a republican = living in constant fear and hyped up events
Funny, I didn't mention anything about fear just relative facts and news articles. I'm not advocating the world going to end by 2050 if we don't stop cows from farting.
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      09-08-2019, 09:00 PM   #4
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Quote:
Originally Posted by SoCalS2k View Post
Being a republican = living in constant fear and hyped up events
Are you living in constant fear of making relevant statements?
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      09-09-2019, 01:20 AM   #5
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Quote:
Originally Posted by SoCalS2k View Post
Being a republican = living in constant fear and hyped up events
Well according to AOC we all have less than 12 years before the earth burns up in a fireball, but I ain't panicking yet.
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      09-09-2019, 07:07 AM   #6
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I can tell you that the GE thing is total BS made up to manipulate stock prices and it was successful. A hedge fund hired this dead head to write a bunch of BS, he even says that he is speculating.
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      09-09-2019, 07:09 AM   #7
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For those who care about this sort of the problems at GE have been well known for years.

The WSJ ran a huge piece about it last Spring.
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      09-09-2019, 11:29 AM   #8
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Damn it! I thought an oil tanker was on the rocks in Alaska
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      09-09-2019, 11:30 AM   #9
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Quote:
Originally Posted by SoCalS2k View Post
Being a republican = living in constant fear and hyped up events
havent the Dems been living in fear of Trump banning LGBTQWTF community or "Trade Wars" with the rest of the world, or a crumbling economy, or banning of immigration or etc etc etc...

There's not a day that goes by without some new "World is ending because of Trump" story line.
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      09-09-2019, 01:24 PM   #10
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Quote:
Originally Posted by NormanConquest View Post
little enron 2.0
https://www.cbsnews.com/news/general...whistleblower/


Big enron 2.0
https://finance.yahoo.com/news/bad-l...093000628.html

GE will shock the system, but Chineese worthless currency, inflated GDP numbers, and 400% debt will cause massive shockwaves especially in the European banking sector.
Raise your hand if you are an expert in US GAAP as it relates to the Banking and Capital Markets? Specifically as it relates to impairment analysis, FV models, and other estimation models when calculating PBO type benefit liabilities in future periods.

No?

Good, me neither.

Now perhaps we can stop worrying about what some guy who was paid by a hedge fund to report on this is saying until actual facts begin to come out. Anyone who has legitimate fears is welcome to pull their $$$ out of any GE stock, investments, or retirement funds. It's not like it's being held captive there or something.

Folks need to relax and stop believing everything the news tells you.

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      09-09-2019, 02:39 PM   #11
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I am curious what is to come of this WeWork IPO. Thing was suspect from jump street and the fact that it is losing valuation and no one is stepping up means they're getting wise to it. Thoughts?
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      09-09-2019, 05:03 PM   #12
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Quote:
Originally Posted by Run Silent View Post
Raise your hand if you are an expert in US GAAP as it relates to the Banking and Capital Markets? Specifically as it relates to impairment analysis, FV models, and other estimation models when calculating PBO type benefit liabilities in future periods.

No?

Good, me neither.

Now perhaps we can stop worrying about what some guy who was paid by a hedge fund to report on this is saying until actual facts begin to come out. Anyone who has legitimate fears is welcome to pull their $$$ out of any GE stock, investments, or retirement funds. It's not like it's being held captive there or something.

Folks need to relax and stop believing everything the news tells you.

GE I'm honestly not too concern about which is why i called it the small enron scandal. China is clearly a tinking time bomb
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      09-09-2019, 05:06 PM   #13
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Originally Posted by NormanConquest View Post
GE I'm honestly not too concern about which is why i called it the small enron scandal. China is clearly a tinking time bomb
I disagree. It isn't Enron. There isn't an accounting scandal that the public is unaware of and there isn't an audit firm that is on the take to make it look rosy.

Everyone who matters as it relates to finance, the markets, investing, and overall monetary and fiscal policy is well aware that the PRC is a communist country and has centralized control over all numbers being made public. As such, those that matter are fully knowledgeable that the Chi-Coms are not producing reliable data and thus don't invest or make market determinations based on that data.
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      09-09-2019, 07:29 PM   #14
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Quote:
Originally Posted by Run Silent View Post
I disagree. It isn't Enron. There isn't an accounting scandal that the public is unaware of and there isn't an audit firm that is on the take to make it look rosy.

Everyone who matters as it relates to finance, the markets, investing, and overall monetary and fiscal policy is well aware that the PRC is a communist country and has centralized control over all numbers being made public. As such, those that matter are fully knowledgeable that the Chi-Coms are not producing reliable data and thus don't invest or make market determinations based on that data.
Unfortunately many companies missed the memo.
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      09-09-2019, 08:21 PM   #15
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Quote:
Originally Posted by Run Silent View Post

Folks need to relax and stop believing everything the news tells you.
THIS!!!!!!!!!!!!!
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      09-09-2019, 08:26 PM   #16
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Quote:
Originally Posted by NickyC View Post
Well according to AOC we all have less than 12 years before the earth burns up in a fireball, but I ain't panicking yet.
That would certainly make my retirement planning a lot simpler. My money only needs to last 12 years. Time to blow that dough!
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      09-09-2019, 08:35 PM   #17
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Quote:
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That would certainly make my retirement planning a lot simpler. My money only needs to last 12 years. Time to blow that dough!
WINNAR!
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      09-09-2019, 08:59 PM   #18
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Quote:
Originally Posted by Run Silent View Post
Raise your hand if you are an expert in US GAAP as it relates to the Banking and Capital Markets? Specifically as it relates to impairment analysis, FV models, and other estimation models when calculating PBO type benefit liabilities in future periods.

No?

Good, me neither.

Now perhaps we can stop worrying about what some guy who was paid by a hedge fund to report on this is saying until actual facts begin to come out. Anyone who has legitimate fears is welcome to pull their $$$ out of any GE stock, investments, or retirement funds. It's not like it's being held captive there or something.

Folks need to relax and stop believing everything the news tells you.

Not the best president but these are words to live by...
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      09-09-2019, 09:42 PM   #19
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Quote:
Originally Posted by MKSixer View Post
Quote:
Originally Posted by Run Silent View Post
Raise your hand if you are an expert in US GAAP as it relates to the Banking and Capital Markets? Specifically as it relates to impairment analysis, FV models, and other estimation models when calculating PBO type benefit liabilities in future periods.

No?

Good, me neither.

Now perhaps we can stop worrying about what some guy who was paid by a hedge fund to report on this is saying until actual facts begin to come out. Anyone who has legitimate fears is welcome to pull their $$$ out of any GE stock, investments, or retirement funds. It's not like it's being held captive there or something.

Folks need to relax and stop believing everything the news tells you.

Not the best president but these are words to live by...
A better quote from Coolidge:

.
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      09-10-2019, 01:12 AM   #20
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Republicans gave us 1 trillion deficit.

But no tell me more about some fake made stuff about GE or maybee something about muslims or about some wall. Those are the real problems.
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      09-10-2019, 08:35 AM   #21
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Quote:
Originally Posted by SoCalS2k View Post
Republicans gave us 1 trillion deficit.

But no tell me more about some fake made stuff about GE or maybee something about muslims or about some wall. Those are the real problems.
https://www.thebalance.com/us-deficit-by-year-3306306

Gdp has to be taken into account and your boy was the king of deficit at nearly 10% to GDP with 100% control of the government.

But reguardless I do agree the debt needs to be manage which is why social programs, agency, and the military need to be cut and states violating the drug and immigration laws shouldn't recieve a penny of federal funds.
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      09-10-2019, 08:23 PM   #22
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Quote:
Originally Posted by NormanConquest View Post
Quote:
Originally Posted by SoCalS2k View Post
Republicans gave us 1 trillion deficit.

But no tell me more about some fake made stuff about GE or maybee something about muslims or about some wall. Those are the real problems.
https://www.thebalance.com/us-deficit-by-year-3306306

Gdp has to be taken into account and your boy was the king of deficit at nearly 10% to GDP with 100% control of the government.

But reguardless I do agree the debt needs to be manage which is why social programs, agency, and the military need to be cut and states violating the drug and immigration laws shouldn't recieve a penny of federal funds.
So Obama should take blame for his deficit but trump shouldn't for his even much much bigger deficit. Got it
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