Author Topic: FUTURE OF US ECONOMY  (Read 596 times)

Matty

Re: FUTURE OF US ECONOMY
« Reply #50 on: August 06, 2009, 11:03:41 AM »
great quote from somebody on another forum (relevant to investing) that i post on:

"This stuff is all hope and propaganda. The fundamental facts are that the Banking System is hiding massive losses which effectively render it insolvent, and the government is so far in debt (and borrowing more each day) that there is no conceivable way for this debt to be paid off.

There will always be blips in any decline or, at least, second derivative "Rate of decline is slowing" periods. Human nature being what it is, people latch onto these datapoints to fool themselves that things will be back to normal soon. The problem is that it's the last decade of borrow-and-spend that was abnormal. A decade of profligacy and misallocation of resources will not be fixed in a few months.

We have been given a brief window of opportunity during this collective delusion of green-shoots to divest ourselves of any assets likely to be impaired by the inevitable resumption of economic decline."

Cali Climate

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Re: FUTURE OF US ECONOMY
« Reply #51 on: August 06, 2009, 11:17:04 AM »
Bunch of fucking economists on here. You guys are crazy.
 

LAXCENTRAL

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Re: FUTURE OF US ECONOMY
« Reply #52 on: August 07, 2009, 12:21:29 PM »
lol ;D

the funny thing is nobody can fix the economy as such, especially not politicians. the old, unviable has to be allowed to fall and then an environment created for new investments and business to sprout up in its place. that means less regulation, taxes, etc. allowing this process to happen is really fundamental to capitalism.

what's going on in america right now is pretty much the exact opposite of capitalism. the policians are digging a hole so damn deep that there's really gonna be no way to avoid complete totalitarianism.
true very true
 

The Phoenix

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Re: FUTURE OF US ECONOMY
« Reply #53 on: August 08, 2009, 09:31:33 AM »
lol ;D

the funny thing is nobody can fix the economy as such, especially not politicians. the old, unviable has to be allowed to fall and then an environment created for new investments and business to sprout up in its place. that means less regulation, taxes, etc. allowing this process to happen is really fundamental to capitalism.

what's going on in america right now is pretty much the exact opposite of capitalism. the policians are digging a hole so damn deep that there's really gonna be no way to avoid complete totalitarianism.
true very true
Time for a change...bring it!
 

LAXCENTRAL

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Re: FUTURE OF US ECONOMY
« Reply #54 on: August 08, 2009, 12:26:41 PM »
lol ;D

the funny thing is nobody can fix the economy as such, especially not politicians. the old, unviable has to be allowed to fall and then an environment created for new investments and business to sprout up in its place. that means less regulation, taxes, etc. allowing this process to happen is really fundamental to capitalism.

what's going on in america right now is pretty much the exact opposite of capitalism. the policians are digging a hole so damn deep that there's really gonna be no way to avoid complete totalitarianism.
+1
true very true