Economics 2012 - Page 2 - PeachParts Mercedes-Benz Forum

pj67coll · #16 01-25-2010, 10:01 PM

Quote:

Originally Posted by Hatterasguy

Lend to people who want to buy houses so we can build more. Buildings creates lots of jobs.

As long as they provide only 30 year fixed mortgages. No arm's or any bs stuff like that. Hopefully that's been outlawed by now.

By the way, those jobs that are provided. Are they for illegals only or legals as well?

- Peter.

Hatterasguy · #17 01-26-2010, 01:06 PM

Most of our subs have been in this country longer than you have, they were born hear.

pj67coll · #18 01-26-2010, 01:36 PM

Quote:

Originally Posted by Hatterasguy

Most of our subs have been in this country longer than you have, they were born hear.

Thats a plus at least. Certainly not the case here.

- Peter.

Pooka · #19 01-26-2010, 02:17 PM

I haven't got the time to take apart all these doom and gloom set-ups, but there are gaping holes in all of these 'predictions' if you just stop and think about them.

If you are looking for a history lesson then look back to the 1960's. Not because of what happend but because of what did not.

Everything predicted here was foretold then. It was all going to take place soon unless, suprise suprise, the Republicans were elected forever and forever.

I am old enough to remember when Whale Oil still had a market. Then we ran out of Whales and that was going to be the end of automatic transmissions. (ATF contained a lot of Whale Oil.) Somehow we all survived that and we will all survive this.

The world did not come to an end in 1972, but things started to look very bleak just before the 1976 Presidential election. Then Carter was elected and, wouldn't you just know it, the end of the world was coming again. Then in 1980 Reagan was elected and all of a sudden everything was looking up again.

That lasted for a whole two years. Then the US had a big recession and very high unemployment. Still... there were no predictions of gloom and doom. Everything was wonderful until about 1987 when another election was coming up. Then, without warning, things looked bad again.

Does anyone else see a pattern here?

As far as national debt and government spending as a percentage of GDP... We are just about where we were after WW II, and that makes sense due to the fact that we have been fighting two wars for the last eight years. The US pulled out of that debt, and we will pull out of this one.

For further reading on these types of economic predictions I would recommend 'Chicken Little'.

LaRondo · #20 01-26-2010, 04:30 PM

Quote:

Originally Posted by Hatterasguy

So LaRondo the economey is falling apart. What are your startagy's for making money and in what areas do you plan to invest in order to profit from this?

Sorry it took me that long for a response. Keep in mind I am not a financial investment advisor and as my strategy is concerned, I am more of a "survivalist" type of person than somebody whose aim is to profiteer from investments.

A save thing of advice though, would be to stay productive by all means.

Personally, I am vested in liquidity as well as debt. This may not make sense to most, but in times of rapid inflation it seems to be a good recipe.

I consider real estate more of a liability than an investment, unless you maintain the property commercially.

I didn't post those tendencies to promote a doom and gloom vision. More to the purpose of creating an awareness.

In my personal view, things aren't going to be as they once were. Not under the current trends. Entrepreneurism is dead in this country. If you want to survive as an independent builder, for example, you will need a strong network to begin with.

pj67coll · #21 01-26-2010, 06:08 PM

Quote:

Originally Posted by Pooka

As far as national debt and government spending as a percentage of GDP... We are just about where we were after WW II, and that makes sense due to the fact that we have been fighting two wars for the last eight years. The US pulled out of that debt, and we will pull out of this one.

After WWII the US was the premier manufacturing nation of the planet. It made most of the stuff the world bought. That's no longer the case. There is nothing we can make to pull ourselves out of this debt hole. We've outsourced all our production capacity the far east.

- Peter.

Boardmonger · #22 02-03-2010, 01:39 AM

its difficult to have inflation with an increasing money supply paired with a huge decrease in velocity. We are currently experiencing deflation.

There are a lot of issues now, and I think a big one is tons of clouded economic information. Our macroeconomy requires a complicated story, and its easy to come to one prediction mid-story that sounds terrible, while there is much more to it.

We are in a rut, and no one really knows the way out because everything is very different today than it has been in the past. Getting out of this recession is going to be a long, drawn out process, likely with many failures and only seldom victories. At the end of it all, we are going to be a very different country, but still very strong.