Recession over in 2009?

[Gary Allan]

Quote:
You are advocating centralized planing with the government picking the winners.


Well, this naturally assumes that the improvement of your citizens standard of living or "quality of life" is a goal.

So far, everyone who has power and influence is a pathetic failure in that regard.

I haven't seen any instances where the American people were sustained winners under any modality.

 

[salesrep]

The masses will "fool" themselves for awhile...and we will stair step downward...prolonging the recession as we sink deeper and deeper into the quicksand....years..maybe decades.

 

[oilyriser]

while the people who run things, who have investments overseas that benefit from the general failure of the USA, are happier than ever

 

[PandaBear]

Originally Posted By: Tempest
That would be a VERY vague bill in Congress. Simply saying the government should "do something" is not helpful.

You are advocating centralized planing with the government picking the winners.


It cannot be a bill, or else the foreign lobbyists would kill it like the Airbus and Boeing contracts.

There are ways to sponsor local companies by defense contracts that also has civilian uses (i.e asking local companies to build a FAB for defense work, and let them use it for civilian use as a condition of the contract), doing R&D in defense then auction it off to the local companies, etc.

If Japan, Korea, Taiwan, Singapore, and China are all doing it, and have taken employments away in this "unfair" advantage, do you think we should just sit here and bail out our companies when they fail, or bail out the unemployed via welfare?

 

[Shannow]

Still, some are enjoying the ride.

http://news.ninemsn.com.au/national/757442/mcdonalds-raises-prices-in-poorer-suburbs

Quote:
McDonald's plans to raise prices on its menu in Australia's poorer suburbs where consumers are more willing to pay more, according to reports.

 

[VeeDubb]

Originally Posted By: oilyriser
while the people who run things, who have investments overseas that benefit from the general failure of the USA, are happier than ever



????
Which overseas investment is kicking arse right now?
This is a global collapse. Even America's favorite offshore tax haven, Switzerland, is about to go belly up.

 

[Shannow]

Going Backwards
Stalling
Going Forwards
Kicking Arse

four points of the continuum.

There are places better than the bottom two, with positive growth.

 

[VeeDubb]

About the only place with positive growth is China, but it is slowing rapidly and its stock market makes the U.S. market look like a bull market.

The dollar is gathering steam because of the global flight to safety.

 

[Shannow]

LOL, yeah.

 

[Crashbox]

Personally, I think seven or eight years might not be unrealistic. The current economic climate reminds me of the early 1980's (but in fact *much* more pronounced now) and the job market did not recover for a very long time. At least inflation is in check for now...

It's bad out there.

 

[salesrep]

Contraction and its lenght is being underestimated by most "experts"....then inflation.

 

[msparks]

Originally Posted By: salesrep
Contraction and its lenght is being underestimated by most "experts"....then inflation.

Ya, there is no way they would get on TV and say this is gonna last 8-10 years.

I'm guessing the only way to get it moving again is Natural Disaster or War. Which one you think will come first?

 

[VeeDubb]

War.

Because the majority of emerging market nations and some developed markets will be defaulting on their debts and there will be economic collapse. When this happens, its not pretty for society. This is when all the Adolf Hitlers and Hugo Chavas' come out of the woodwork. The global deleveraging is just getting started.

 

[Shannow]

Contrived, or contrived ?

 

[salesrep]

Originally Posted By: VeeDubb
War.

Because the majority of emerging market nations and some developed markets will be defaulting on their debts and there will be economic collapse. When this happens, its not pretty for society. This is when all the Adolf Hitlers and Hugo Chavas' come out of the woodwork. The global deleveraging is just getting started.

or dare you say....?

 

[salesrep]

Originally Posted By: VeeDubb


The global deleveraging is just getting started.

Agreed and there is no such thing as a quick fix for the current environment.

 

[Tempest]

Originally Posted By: salesrep
Originally Posted By: VeeDubb
War.

Because the majority of emerging market nations and some developed markets will be defaulting on their debts and there will be economic collapse. When this happens, its not pretty for society. This is when all the Adolf Hitlers and Hugo Chavas' come out of the woodwork. The global deleveraging is just getting started.

or dare you say....?

+1 No need to wait.

 

[Gary Allan]

If we don't use too many resources in the culling of the herd(s) ..this could have some benefits to it. Can we tab up about 3B in the process? It could alter the slope on a few exponential curves.

 

[oilyriser]

Soylent Green. It'll grow on you.


(literally)