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#1
04-21-2013, 04:33 PM
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Grad student undermines global austerity
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1977 300d 70k--sold 08 1985 300TD 185k+ 1984 307d 126k--sold 8/03 1985 409d 65k--sold 06 1984 300SD 315k--daughter's car 1979 300SD 122k--sold 2/11 1999 Fuso FG Expedition Camper 1993 GMC Sierra 6.5 TD 4x4 1982 Bluebird Wanderlodge CAT 3208--Sold 2/13 
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#2
04-21-2013, 05:29 PM
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You trying to give Larry a coronary??
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On some nights I still believe that a car with the fuel gauge on empty can run about fifty more miles if you have the right music very loud on the radio. - HST 1983 300SD - 305000 1984 Toyota Landcruiser - 190000 1994 GMC Jimmy - 203000  https://media.giphy.com/media/X3nnss8PAj5aU/giphy.gif
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#3
04-21-2013, 06:39 PM
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Well, like they say, you can find an economist to support any theory you care to believe. Not that this guy is anything yet.
I can see where FOR A SHORT TIME, it would be possible to see growth in the face of insane deficits and debt. Problem is that IF things were to get going, interest rates will rise. IF this were to happen, interest rates would rise which would make servicing a debt > $17T, while running a ridiculously high deficit even MORE difficult. People like this can theorize all they want, but hyper debt is a fact, and at this point impossible to correct without austerity. So what if the economy begins to see reasonable growth? The resulting interest rates will provide the next phase of the problem.
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2001 SLK 320 six speed manual 2014 Porsche Cayenne six speed manual Annoy a Liberal, Read the Constitution
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#5
04-21-2013, 07:49 PM
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Quote:
 
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For the Saved, this world is the worst it will ever get. For the unSaved, this world is the best it will ever get.
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#6
04-21-2013, 09:34 PM
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Too bad some of the current situations are basicaly sailing in uncharted waters. Probably impossible to tell how it will unfold.
Far too many variables but common sense is there may be dangers incorporated that just are potential unknowns at this time. This in addition to the known potential dangers of irresponsible continious debt loading. It may just take time to see how it all unfolds. Anything else may just be guess work at best. I am a simple person but borowing your way to prosperity is implied to be perhaps a good thing. Short term perhaps even a good thing but longer term the risks grow greater. Taken as an endless approach is not feasable as it proves it does not work simpy by being inefective and continiously required at higher and higher support levels. I equate continious massive debt loading as an economic vicious circle. Eventually it will come around and bite you. Already it has created unreasonable low intererst rates that wil be around for a long time I think. Almost impossible to raise them with the amounts of national, state,province and municipal debts present. Already raising interest might create too many defaults. The only thing that is a certainty. If the current practices are becoming a way of life in general there will be some form of really serious issues down the road. Last edited by barry12345; 04-21-2013 at 09:53 PM.
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