This might give Greenspan pause in hiking rates
- Thread starter rawman74
- Start date
In FED's parliance it's only "regulation" 
.
. Well, you need to be massively skilled, witty, good looking and a charmer like me.
Or you can just go to http://fx.sauder.ubc.ca/plot.html
get a clue...
waggie isn't exactly the sharpest tool in the shed.....
Pretty grim outlooks here regarding G-Money.
I don't know not a big fan of gov. intervention but you can't argue with 17 yrs of prosperity and 5.9% unemployment rate at the peak during the recent crash. If you told someone in the 80's that we would have 5.9% unemployment during a crash they would've spit there cosmopolitan in your face.
It's amazing how bearish these boards have been the last few months. Climbing a wall of worry. Keep it coming.
Regarding Outsourcing, I can't believe so called cold blooded capitalists are calling for protectionism. Can't cheat the market want a quick way to a recession/depression try protectionism it's what we did in 1929.
""The Demise of Trade
The leading industrialized nations responded to the crisis (1929 Crash ) by imposing trade barriers on imports with the hopes of increasing demand for domestically produced goods and to raise revenue from tariffs. "Concerns about low agricultural prices, an influx of imports, rising unemployment, and declining tax revenue generated public sentiment for trade restraints." The Smoot-Hawley Tariff Act of June 17, 1930 responded by raising tariffs by up to 50% on a wide range of goods. Unfortunately, the resulting fall in imports created unemployment abroad that quickly invoked protectionism in response, creating unemployment back in the US!
Ironically, even though tariff rates rose by up to 50%, imports declined so sharply that tariff revenues fell 46% from $602 million in 1929 to $328 million in 1932. This not to mention the loss of tax revenue from the domestic unemployment the tariffs caused indirectly""
source:http://www.shambhala.org/business/goldocean/causdep.html
I don't know not a big fan of gov. intervention but you can't argue with 17 yrs of prosperity and 5.9% unemployment rate at the peak during the recent crash. If you told someone in the 80's that we would have 5.9% unemployment during a crash they would've spit there cosmopolitan in your face.
It's amazing how bearish these boards have been the last few months. Climbing a wall of worry. Keep it coming.
Regarding Outsourcing, I can't believe so called cold blooded capitalists are calling for protectionism. Can't cheat the market want a quick way to a recession/depression try protectionism it's what we did in 1929.
""The Demise of Trade
The leading industrialized nations responded to the crisis (1929 Crash ) by imposing trade barriers on imports with the hopes of increasing demand for domestically produced goods and to raise revenue from tariffs. "Concerns about low agricultural prices, an influx of imports, rising unemployment, and declining tax revenue generated public sentiment for trade restraints." The Smoot-Hawley Tariff Act of June 17, 1930 responded by raising tariffs by up to 50% on a wide range of goods. Unfortunately, the resulting fall in imports created unemployment abroad that quickly invoked protectionism in response, creating unemployment back in the US!
Ironically, even though tariff rates rose by up to 50%, imports declined so sharply that tariff revenues fell 46% from $602 million in 1929 to $328 million in 1932. This not to mention the loss of tax revenue from the domestic unemployment the tariffs caused indirectly""
source:http://www.shambhala.org/business/goldocean/causdep.html
I think there are still people who still don't understand that DEBT has to be REPAID??
sooner of later, the whole credit bubble is going to burst and it ain't going to be pretty. Mass bankruptcies, depression and high unemployment.
greenspan is pro-longing it.
As for the argument that greenspan is not responsible because the consumer blah blah..
damn, of course he is responsible. if something is cheap, you use more of it, similar with money, by making money so cheap(1%!!!), people spend so much of it and forget that it has to be repaid. NOT the other way round....
do u think the current situation can last forever??
sooner of later, the whole credit bubble is going to burst and it ain't going to be pretty. Mass bankruptcies, depression and high unemployment.
greenspan is pro-longing it.
As for the argument that greenspan is not responsible because the consumer blah blah..
damn, of course he is responsible. if something is cheap, you use more of it, similar with money, by making money so cheap(1%!!!), people spend so much of it and forget that it has to be repaid. NOT the other way round....
do u think the current situation can last forever??