Quote from RCG Trader:
...we will not be Greece. We will not be downgraded again (wink), and the rest of Europe is in worse shape than we are. We are going to be okay, unless one happens to have eschewed skilled technical training. High paid manufacturing has gone the way of the dodo.
Quote from Lucrum:
And how does a second rate unprofessional/unethical third shift small town nurse know this?
I think they are looking at Japan with 200% + debt to GDP. But even suffering a Japan like lost decade(s) would be a disaster for us and the world.Quote from Tsing Tao:
I've tried to debate him on it several times, and he's never offered any answer apart from "we won't have our margin called" or something like that. He thinks we are above debt implosion or currency debasement. Lots of countries once thought that, all the way back to Rome.
I mean, just look at the personas on this site saying it doesn't matter: RCG. Iceman (lol, i can't say that to myself without a giggle), AK, and Ricter. They never give why it doesn't matter, they just say "don't worry, go back to to the side show."
Quote from pspr:
I think they are looking at Japan with 200% + debt to GDP. But even suffering a Japan like lost decade(s) would be a disaster for us and the world.
Well there's always War.Quote from Tsing Tao:
Not that I expect them to actually go learn anything on the subject, but the reason Japan was able to do it for so long was that they were a net exporter. They ran a positive trade balance. That changed late last year for the first time in a long time (if ever, I don't recall). Now they're screwed as they realize they cannot be a net importer and print/spend into eternity and make it out alive. That's why you're seeing them try to weaken the Yen so openly.
It won't work.
=======================Quote from JamesL:
The Republican Party cannot afford to have another Herman Cain running for President. No matter how much common sense or business sense you may have, unless you also possess the political chops to convince the people you are qualified, you just end up further damaging the party image.