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I am newonecoming I lost my password and was unable to recover it.
Quote:
Originally Posted by LordBalfor
Total Debt is irrelevant in regards to the currency. Only the National Debt has any impact on the stablity of the currency. How much private American citizens or corporations owe has no impact on currency stability at all since they are not the ones backing up the currency. Only the US Government does that so you are off base right at the get go - and as I've already posted, National Debt vs GDP was MUCH higher in the mid-late 40's than it is today. In fact EVERY year from 1944 to 1949 had a higher National Debt vs GDP ratio than today. In fact, in 1945/46/47 the debt was over 100% (peaking at over 121%) of the GDP. Later, as the economy grew, that ratio dropped dramatically. Same thing will happen this time around too.
We wont have economic growth that is sustainable until we pay down the total debt or have it written down. Look at the peek total debt in 1933 ish. We didn't have growth until it (total debt) was down to about 150% of GDP. We can not service the current total debt load. We wont have real growth in the economy until the total debt comes down. And with out it we can't crevice our national debt.
Quote:
Originally Posted by LordBalfor
Oh bull. The Debt to GDP ratio improved 10 precentage points in just 5 years under Clinton - and the same thing can happen again once the economy recovers.
That was the dot com bubble at work. The economy wont recover, that is have sustainable economic growth, until we pay down or write down our total national debt.
Quote:
Originally Posted by LordBalfor
Yeah, like YOU'RE a real expert. What are YOUR credentials exactly.
Sorry, but I'll take Moody's over YOU any day of the week (heck, you can't even differentiate between "though" and "throw").
LOL
I can't spell worth beans. My credentials don't matter what matters is this. They committed fraud when they rated the securitized home loan backed securities good as gold. If you take a cursory look at the macro picture then any idiot can see we aren't going to be able to make good on our (total) debt. We are almost 100% of GDP worth of total debt higher than we were at the height of the grate depression. Going down is where we are headed. Look at P/E ratios. How much time spent higher? Seven years and 5 of those were in the Dot Com double. Again we are headed down from here or into another bubble then down. Drop GDP by 20% and what would our debt to GDP ratio be? What about 40%?
[quote=LordBalfor;13964140]
Moody's was pressured by politics. McDaniel even admitted as much to Congress and said they "drank the koolaid" when they gave good ratings to bad bonds.
With the widespread corruption throughout the financial industry I do think it's good to question "the system".
Goldman is being investigated for playing the 3 agencies (Fitch, S&P, Moody's) to get good ratings on their offerings.
Some were fired from Moody's for questioning ratings while others who played ball were promoted to high positions.
It just smells all over ...collusion, greed, corruption. Who knows if it will ever get cleaned up to where you can trust what they publish anymore.
We already saw what happened to AMBAC/MBIA with the subprime fiasco...AAA Insured "crap mortgage" paper....and they got away with it too as no one is in jail serving time.
Funny how "the economy is not recovering" and yet "Companies in the Standard & Poor's 500 index have reported 76 percent higher operating earnings than a year ago — on pace to be the biggest year-over-year increase ever, according to S&P analyst Howard Silverblatt. Nearly half the companies in the index have reported earnings so far."
Well down size to the bare bones and make the same amount of stuff and you will get higher proffits.
Quote:
Originally Posted by LordBalfor
Sorry buddy, but the economy IS recovering - and recovering SUBSTANTIALLY.
Yip just like in 1932
Quote:
Originally Posted by LordBalfor
The REASON they have not raised rates yet is because they want to be SURE the recovery will hold - NOT that there is no recovery. It's really not that hard to understand you know.
Think so? how about this. If they raise the rates then we wount be able to aford to pay the interest on the national debt.
Ken, I don't know about you but #71 pegs my ring-o-truth meter. Perhaps spelling doesn't always count. On a credibility scale you are a 0 and newonecomings one and two rate a solid 7. I, of course, rate ten out of ten. Not because I am smarter or spell better but because it's my post. I make the rules. All this talk of recovery, growth, debt, GDP... ... what percent of America do you think cares, Ken? Not many. Jobs, that's what they want to see and they won't need you to tell them when they are here: they'll know by the paycheck they are taking to the payday loan store. You have assigned yourself a role that is totally unneccessary and rather irksome. Are you listening or are you already at work on another grinfest of the coming economic joys of recovery.
Ken, I don't know about you but #71 pegs my ring-o-truth meter. Perhaps spelling doesn't always count. On a credibility scale you are a 0 and newonecomings one and two rate a solid 7. I, of course, rate ten out of ten. Not because I am smarter or spell better but because it's my post. I make the rules. All this talk of recovery, growth, debt, GDP... ... what percent of America do you think cares, Ken? Not many. Jobs, that's what they want to see and they won't need you to tell them when they are here: they'll know by the paycheck they are taking to the payday loan store. You have assigned yourself a role that is totally unneccessary and rather irksome. Are you listening or are you already at work on another grinfest of the coming economic joys of recovery.
H
Some of us prefer to know what's coming. I appreciate Ken's efforts to help us track the very logical and expected steps of an economic recovery. To be surprised when suddenly someone gets a job does not help us understand the macroeconomic trends.
Fortunately, we do know that the economy is creating jobs now. Not enough, mind you, but creating over 150,000 jobs in a month is far better than losing 700,000 jobs a month.
Ken, I don't know about you but #71 pegs my ring-o-truth meter. Perhaps spelling doesn't always count. On a credibility scale you are a 0 and newonecomings one and two rate a solid 7. I, of course, rate ten out of ten. Not because I am smarter or spell better but because it's my post. I make the rules. All this talk of recovery, growth, debt, GDP... ... what percent of America do you think cares, Ken? Not many. Jobs, that's what they want to see and they won't need you to tell them when they are here: they'll know by the paycheck they are taking to the payday loan store. You have assigned yourself a role that is totally unneccessary and rather irksome. Are you listening or are you already at work on another grinfest of the coming economic joys of recovery.
H
LOL
So because you are irked by the developing economic recovery I'm supposed to just sit on the sidelines while the ignorant doom and gloom crowd bury their head in the sand (or somewhere equally dark and a WHOLE lot more pungent) and spew their "end of the world" silly garbage?
When you rid the nation of 25 million illegals alien trespassers here on USA soil, from all nations, you will see at least 15 million jobs Americans can once afford to do again.
When you tax what is imported, American manufacturing and farming can once again compete with 3rd world slave labor.
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What are YOUR credentials exactly.
