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Old 07-08-2010, 10:47 AM
 
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Buffett: 'We (http://news.yahoo.com/s/yblog_upshot/buffett-we--re-coming-back-no-question-in-my-mind - broken link)
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Old 07-08-2010, 10:51 AM
 
Location: Tower of Heaven
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I hope he's right ! Because this crisis must end, I'm tired to heard bad news.
Optimists must win.
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Old 07-08-2010, 01:05 PM
 
63,667 posts, read 49,010,263 times
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Nah, the economy is going to hell in a handbasket.

Now buy my survival supplies....and dvd....and water purifier and silver bars with huge spot mark-up.

Gloom and doom sells.
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Old 07-08-2010, 02:54 PM
 
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I think the next decade is going to be like the "lost decade" just like Japan had. There won't be much growth. We can't borrow anymore so where is this so called growth going to come from.
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Old 07-08-2010, 02:58 PM
 
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Quote:
Originally Posted by LeavingMA View Post
I think the next decade is going to be like the "lost decade" just like Japan had. There won't be much growth. We can't borrow anymore so where is this so called growth going to come from.
It's going to have to come from increased manufactured and exports (i.e. much more production relative to consumption).

I don't know if I see that happening before a massive currency crisis that forces down the value of the dollar and makes American exports super competitive.
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Old 07-08-2010, 03:48 PM
 
Location: Tower of Heaven
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Quote:
Originally Posted by LeavingMA View Post
I think the next decade is going to be like the "lost decade" just like Japan had. There won't be much growth. We can't borrow anymore so where is this so called growth going to come from.
The US avoided all Japan's mistakes, and the US has much more potential than Japan. A lost decade is unlikely in the US.A strong growth is much more likely.
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Old 07-08-2010, 03:51 PM
 
Location: South Jordan, Utah
7,781 posts, read 8,209,263 times
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Quote:
Originally Posted by RenaudFR View Post
The US avoided all Japan's mistakes, and the US has much more potential than Japan. A lost decade is unlikely in the US.A strong growth is much more likely.
No we didn't we did not keep having more babies after 1961, their birth boom peaked pre-war and dropped even faster than our drop.
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Old 07-08-2010, 03:52 PM
 
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Buffet is not an economist.
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Old 07-08-2010, 04:09 PM
 
Location: Tower of Heaven
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Quote:
Originally Posted by hilgi View Post
No we didn't we did not keep having more babies after 1961, their birth boom peaked pre-war and dropped even faster than our drop.
You're wrong :
In 2007 the US had 4,315,000 births, it's the best number ever seen !

In 2005 Japan had 1,062,000 births, very far of the 1950 numbers (2,300,000)

The US demographics are the best in the industrialized world so far.

Pessimism and lies OUT
Optimism = WIN
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Old 07-08-2010, 05:27 PM
 
Location: Castle Hills
1,136 posts, read 2,465,492 times
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Quote:
Originally Posted by RenaudFR View Post
The US avoided all Japan's mistakes, and the US has much more potential than Japan. A lost decade is unlikely in the US.A strong growth is much more likely.

I think this could be eerily similar to the lost decade in Japan. We are 2.5 years into it already and no sign of change.
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