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Old 11-23-2008, 06:12 AM
 
12,869 posts, read 13,717,402 times
Reputation: 4453

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freedom has become slavery; persistent deficits had become economic power.
The next bubble: Priming the markets for tomorrow's big crash—By Eric Janszen (Harper's Magazine)
that article was published in february and you can see how prophetic it really was. today's wall street journal article:
http://online.wsj.com/article/SB122733011834050539.html
....and he fleshed out incoming White House Chief of Staff Rahm Emanuel's recent pledge to build "green infrastructure." That spending will include "rebuilding our crumbling roads and bridges, modernizing schools that are failing our children, and building wind farms and solar panels; fuel-efficient cars and the alternative energy technologies that can free us from our dependence on foreign oil and keep our economy competitive in the years ahead," the president-elect said.
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Old 11-23-2008, 07:49 AM
 
Location: Raleigh, NC
9,043 posts, read 12,039,903 times
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Quote:
Originally Posted by floridasandy View Post
freedom has become slavery; persistent deficits had become economic power.
The next bubble: Priming the markets for tomorrow's big crash—By Eric Janszen (Harper's Magazine)
that article was published in february and you can see how prophetic it really was. today's wall street journal article:
Obama Pledges Two-Year Economic Stimulus Plan - WSJ.com
....and he fleshed out incoming White House Chief of Staff Rahm Emanuel's recent pledge to build "green infrastructure." That spending will include "rebuilding our crumbling roads and bridges, modernizing schools that are failing our children, and building wind farms and solar panels; fuel-efficient cars and the alternative energy technologies that can free us from our dependence on foreign oil and keep our economy competitive in the years ahead," the president-elect said.
The bond bubble is the mother of all bubbles, caused by overleveraged folks cashing out and parking money for a brief time, representing a perverse rise in the dollar.

If you think oil speculators got burned, just think of what'll happen to U.S. bond holders.
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Old 11-23-2008, 10:05 AM
 
12,869 posts, read 13,717,402 times
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obviously we cannot continue on the path we are on and yet we will not change it. when you have an economy based on pencil pushing you have to keep manipulating the market or the game is over.
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Old 11-23-2008, 10:47 AM
 
12,869 posts, read 13,717,402 times
Reputation: 4453
Quote:
Originally Posted by ViewFromThePeak View Post
The bond bubble is the mother of all bubbles, caused by overleveraged folks cashing out and parking money for a brief time, representing a perverse rise in the dollar.

If you think oil speculators got burned, just think of what'll happen to U.S. bond holders.
here is an interesting article on that very thing in asia today:
Asia Times Online

the past seldom obliges by revealing to us when wildness will break out in the future. Wars, depressions, stock-market booms and crashes, and ethnic massacres come and go, but they always seem to arrive as surprises. After the fact, however, when we study the history of what happened, the source of the wildness appears to be so obvious to us that we have a hard time understanding how people on the scene were oblivious to what lay in wait for them. - Peter Bernstein, Against the Gods

Last edited by floridasandy; 11-23-2008 at 11:30 AM..
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Old 11-23-2008, 01:10 PM
 
Location: Rockland County New York
2,984 posts, read 5,436,882 times
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Quote:
Originally Posted by floridasandy View Post
here is an interesting article on that very thing in asia today:
Asia Times Online

the past seldom obliges by revealing to us when wildness will break out in the future. Wars, depressions, stock-market booms and crashes, and ethnic massacres come and go, but they always seem to arrive as surprises. After the fact, however, when we study the history of what happened, the source of the wildness appears to be so obvious to us that we have a hard time understanding how people on the scene were oblivious to what lay in wait for them. - Peter Bernstein, Against the Gods
If is funny that when I talk to people about out nation's current woes they have no idea how things got so bad. It is as if our minds are so programmed to act in a certain way that we don't question the very decisions made by our nation’s elite. Will someone tell me when people are going to wake up? My economic professor from Ramapo College of New Jersey told his class about the economic future of the United States back in the early 1990s when NAFTA was being signed onto law by President Clinton. He told us that our economy was in future peril. Our nation could ill afford job losses because it would harm the nation's economy. How right he was.
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Old 11-23-2008, 01:30 PM
 
Location: Great State of Texas
86,068 posts, read 76,925,014 times
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Quote:
Originally Posted by Stac2007 View Post
If is funny that when I talk to people about out nation's current woes they have no idea how things got so bad. It is as if our minds are so programmed to act in a certain way that we don't question the very decisions made by our nation’s elite. Will someone tell me when people are going to wake up? My economic professor from Ramapo College of New Jersey told his class about the economic future of the United States back in the early 1990s when NAFTA was being signed onto law by President Clinton. He told us that our economy was in future peril. Our nation could ill afford job losses because it would harm the nation's economy. How right he was.
A lot of people do not read beyond the local paper headlines. They watch the MSM. They do not do a lot of research and if you quote them something that's not from "a reliable source" (like cnbc or yahoo) they call you crazy for believing that "propaganda".

There truly are a lot of "sheeple" out there and they continue to live as they have in the past believing the government will fix everything.
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Old 11-23-2008, 04:21 PM
 
Location: Rockland County New York
2,984 posts, read 5,436,882 times
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Quote:
Originally Posted by HappyTexan View Post
A lot of people do not read beyond the local paper headlines. They watch the MSM. They do not do a lot of research and if you quote them something that's not from "a reliable source" (like cnbc or yahoo) they call you crazy for believing that "propaganda".

There truly are a lot of "sheeple" out there and they continue to live as they have in the past believing the government will fix everything.
The best thing which can be said about newspapers and TV broadcasts is they have a lot to say in their silence. People have to start reading between the lines and knowing how to ignore the simple rehearsed lines read by the designer smiles which are employed by CNN, Fox News and the other network news stations. We don’t need to see long sexy legs and macho news dudes while they are lying to use about what is really happening in our country.
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Old 11-23-2008, 08:09 PM
 
48,508 posts, read 88,740,240 times
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In the 70's peole heard all teh same doom and gloom writing freom peole that make a living off it. Most peole are only interested in raising their families and frankly quite listening to the politicans after the elction. That is why you have peole reacting the way they are and not spending. Int he end they are really doing what they need to in order to survive. Listening to forums on the economy is like listening to hollywood about life.I mean look at the predictions on already given and found to be wrong here from those that supposedly researched.
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Old 11-23-2008, 08:21 PM
 
Location: Charlotte, NC
2,193 posts, read 4,691,792 times
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Quote:
Originally Posted by Stac2007 View Post
The best thing which can be said about newspapers and TV broadcasts is they have a lot to say in their silence. People have to start reading between the lines and knowing how to ignore the simple rehearsed lines read by the designer smiles which are employed by CNN, Fox News and the other network news stations. We don’t need to see long sexy legs and macho news dudes while they are lying to use about what is really happening in our country.
I agree. I don't like the fact that MSM talks so fast also. I mean we have 24 hour news channels, why do they need to talk to quickly? They have debates between 6 people and give them like 30 seconds each. You can't get much info from such a short period of time and some of them actually have good info to share. It would be nice if they gave more educational info and explained things more thoroughly.
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