`Squeeze Another $20-$25,000'

[Capricious]

"...Third world status for the United States is pretty much out of the question short of nuclear/biological holocaust or the like..."




Glad to hear that economics doesn't matter and that
an entity can continue to borrow & spend regardless.

Maybe you should pass that on to Bush et. al., as
all of a sudden they seem to be of the opinion that
economics DOES matter.

 

[Capricious]

"...Perhaps the Fed should raise rates and crush all the little people..."



Please define "little people."



As has been obvious to many for so long, and has
become obvious to a few of late, inflation is a real
problem. Lowering rates will do nothing to reduce
inflation.


Stagnating economy + inflation.


Haven't I already seen this movie?

 

[elgordoboy]

"...Third world status for the United States is pretty much out of the question short of nuclear/biological holocaust or the like..."




Glad to hear that economics doesn't matter and that
an entity can cantinue to borrow & spend regardless.

Maybe you should pass that on to Bush et. al., as
all of a sudden they seem to be of the opinion that
economics DOES matter.

Yeah let me put that in the file. Bush can pick it up with the other stuff I have for him when he stops by for his weekly visit. Can you chart the course that we take to become a third world nation for me? And please think a bit about it before you post. I'll get discouraged and it is hard to respond if you just type silly stuff like what you put in above here.

 

[Capricious]

"..Can you chart the course that we take to become a third world nation for me?..."




Spend.

Repeat as necessary.





"...And please think a bit about it before you post. I'll get discouraged and it is hard to respond if you just type silly stuff like what you put in above here..."



Optimism & 5 bucks will get you coffee @ Starbucks.



Silly enough?

 

[elgordoboy]

"..Can you chart the course that we take to become a third world nation for me?..."




Spend.

Repeat as necessary.





"...And please think a bit about it before you post. I'll get discouraged and it is hard to respond if you just type silly stuff like what you put in above here..."



Optimism & 5 bucks will get you coffee @ Starbucks.



Silly enough?

Most certainly silly enough and undeserving of even this little response. You are marginalized.

 

[Capricious]

".. undeserving of even this little response..."



Maybe.

But I have the power to elicit a response from
elgordoboy any time I want one.

So don't fight it.

 

[spinDrAtl]

If Bush had any sense, he would ask the nation to make serious sacrifices to reduce oil dependence. However, even if he did, I have no confidence that today's self centered me me me parents and children would make any efforts to curtail the trips in the suv. Every day I see parents DRIVE their children up the cul de sac to the corner bus stop.

 

[Capricious]

If Bush had any sense, he would ask the nation to make serious sacrifices to reduce oil dependence. However, even if he did, I have no confidence that today's self centered me me me parents and children would make any efforts to curtail the trips in the suv. Every day I see parents DRIVE their children up the cul de sac to the corner bus stop.

How dare you ask people to sacrifice for the good of the country.

People don't want to hear the truth- they want to hear what
they want to hear.

re: McCane vs. Romney in Michigan; All of those auto-building jobs
are going to come back from Mexico & South Korea & China.

Yea.

Right.

Then all of those re-employed UAW auto workers will be looking
to buy condos on the coast.

 

[Bob]

There is enough to really be concerned about without hyperbole. Third world status for the United States is pretty much out of the question short of nuclear/biological holocaust or the like and then the whole world is done. We have lots of infrastructure and the ability to create more. I'm not worried about having a distended belly and flies on my crusty eyes.





What do you suggest the Fed do? Or are you just wanting to blow off some steam?

The Fed must ease in the face of the downturn that Greenspan orchestrated with his gradual rate hikes. The Fed has no sway over OPEC pricing or it's relative inflation so the stand pat argument is not valid. Throw in the fact that oil demand is not inelastic. Was not the funds rate at about 3.5 when the planes hit the towers? The Fed has the room to lower without the fear of a worthless currency. The alternative of inaction is a subject Bernanke is well studied in, and will avoid. Millions of consumers will enjoy lower HELOC rates, car loan financing, and credit card rates as short terms fall. 15 year money has crept under 5 percent, and 30 year money will most likely approach historic lows. This can only help.