posted on Nov, 30 2009 @ 02:23 PM
Bicman, had to wade in after seeing several of the replies here.
I seem to see a pattern in the numbers.
Let me put it this way, in the micro, companies that have been doing well have been stripping down to their profitable numbers. e.g. laying off and
Now, you can look at it in the macro the same way. The country of the US is stripping down to profitable numbers(companies) e.g. Amazon Ebay compared
to retail giants.
Alright, I had both Keynesian profs and Austrian leaning in my Business Admin days in college. I use to argue with my Keynesian profs all the time
about what is happening right now.
In the micro, people and business foreclosing, it is alright in the short and long term.
In the macro, large companies and countries foreclosing is nothing but disaster. Foreclosure is fine if foreclosure is allowed to happen and those
assets are allowed to be absorbed by managers(governments) that are responsible enough to see the folly of runaway debt. But both you and I know,
these huge corps and governments have hedged their bets by bribery and dare I say murder. I have seen quite a few lists of major players, I suspect,
have been suicided.
The Global Economy is rife with pitfalls and landmines.
The countries that are doing well, right now, have insulated themselves from the international economy and have also hedged against falling
economies(ours for one).
12 Trillion dollar US debt. Next years numbers are looking like the deficit will probably reach 2.5 Trillion. Now, with a 5% notes that is a 600
Billion dollar outlay/year on just the interest on our debt.
The healthcare fiasco is quite ingenious in the joke it pulls on all of us.
Some do not realize that the healthcare will not kick in for 6 years, BUT HERE IS THE KICKER, they will be instituting the taxation IMMEDIATELY.
Both you and I know if the government has to tax and spend on the debt, that money is no longer in the "Macro" any longer.
I think everything would have been fine if the asshats would not have bailed these incompetent companies and banks out. Let the economy find its
equilibrium. But they like to modify and push and control. Hence the huge swings.
I wish my outlook was as good as yours, but I believe you will see a Depression(we are in one by the way-4 straight quarters of GDP decline-last
quarter came 1 quarter too late) that makes the Great look happy.
Yes, people that are secure will not be affected as bad as say HANK.
That is what has happened in this world. People with the realization that wealth or value is not created by work, it is created by the money supply.
Let money create your wealth and you will come out ok.
But you are probably missing the point that HANK, will be one pissed off mo fo when no jobs ever return to the US. EVER.
Why would anyone want to build in our country? What besides labor can we offer?
Out of control environmental controls. Soon to be business crushing. C&T
Crazy tax structures.
Corrupt unions and government bureaucrats.
Healthcare tax requirements that actually provide no health care for the next 6 years.
If I was a conspiracy nut, I would think this whole thing was planned.