RE: The End of Prosperity/Fasten your seats, its going to be a bumpy ride

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RE: The End of Prosperity/Fasten your seats, its going ... - 10/11/2008 9:19:25 PM

MzMia

Posts: 5333
Joined: 7/30/2004
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quote:

ORIGINAL: LookieNoNookie

Fortunately for me...I know everything.

Then you should be running our country!
No, you should be running the world.

You are way ahead of the game.

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To Each His/Her Own
"DENIAL ain't just a river in Egypt." Mark Twain

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RE: The End of Prosperity/Fasten your seats, its going ... - 10/12/2008 6:08:27 AM

LookieNoNookie

Posts: 12216
Joined: 8/9/2008
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quote:

ORIGINAL: MzMia

quote:

ORIGINAL: LookieNoNookie

Fortunately for me...I know everything.

Then you should be running our country!
No, you should be running the world.

You are way ahead of the game.

I considered that, but it interfered with my smoking and drinking.

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Post #: 182

RE: The End of Prosperity/Fasten your seats, its going ... - 10/23/2008 7:24:01 PM

MzMia

Posts: 5333
Joined: 7/30/2004
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Thousands and thousands of people losing their jobs, companies failing and going under,
housing situation is horrible, record number foreclosures, stock market is in trouble.
I heard that many more people will soon start declaring foreclosure NOT because they can't
pay the mortgage but they are so damn upside down on their loans!

We are certainly looking at the end of the age of prosperity and a lot of people are fastening
up all kinds of seat belts, the ride is getting real bumpy these days.

< Message edited by MzMia -- 10/23/2008 7:37:04 PM >

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"DENIAL ain't just a river in Egypt." Mark Twain

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"My partner's whisper"--bloomswell

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Post #: 183

RE: The End of Prosperity/Fasten your seats, its going ... - 10/23/2008 9:23:16 PM

GregoryMK

Posts: 20
Joined: 12/1/2005
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The reason the depression got so bad is the non interventiosit polices of hoover allowed things to go from bad to worse from 1929 through the end of 1932. The bottom of the depression was 1933, the year FDR took office. It was FDR's policies that put the nation back to work, injected money into the economy and got things moving back upwards.

http://www.huppi.com/kangaroo/Timeline.htm

If tax cuts ensured prosperity, then how can you explain that the longest sustained boom in US history was the post war economic boom when the top marginal rate was double what it is now? The idea that low marginal tax rates spur growth is contradicted by the historical fact that the lognest sustained boom occured at the same time marginal tax rates peaked.

The problem we face now is two fold: 1) the economic growth of the past several decades has been fueled by consumer spending and consumer debt and 2) Private capital is not being invested, it;s being hoarded. The debt fueled consumer spending growth is over, we have actually reached a negative savings rate. Since we aren't going to get capital into the economy from consumers or private capital to pull the economy out if this mess, that leaves onnly one real source of capital.

That would leave the government. Oddly, Obama;s call for an Apollo style project for green energy is just the sort of thing that can do that. And government investment has created many industries. It was government seed money and land grants that built the railroads. It was the government building the interstate highway system that created the trucking industry. The government programs for the Apollo progject brought forth the microchip and the entire computer revolution. Government money created the internet.

Yes each of these major industries owes its very existence to government spending, or more accurately to government investment in the economy. We can do it again, but not with the tired monetary policies that got us in this mess.

G

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Post #: 184

RE: The End of Prosperity/Fasten your seats, its going ... - 10/24/2008 12:53:45 AM

Hippiekinkster

Posts: 5512
Joined: 11/20/2007
From: Liechtenstein
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LookienoNookie - "(Trust me....I'm one of the guys who built my fortune on debt....and 2 years ago converted it all to equity).

Same here. I wouldn't call it a fortune, though. Sold most of my real estate in 2006 which had been leveraged to the hilt and financed with ARMs (plowed the saved interest back into equity)(I saw this coming back in 2005) and paid off my house completely. I'm not rich but I don't have to work.

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Post #: 185

RE: The End of Prosperity/Fasten your seats, its going ... - 10/24/2008 12:58:14 AM

Hippiekinkster

Posts: 5512
Joined: 11/20/2007
From: Liechtenstein
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quote:

ORIGINAL: Ialdabaoth

Anyone seen this yet?

Yeah, I started a thread about it a few days back.

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Post #: 186

RE: The End of Prosperity/Fasten your seats, its going ... - 11/1/2008 7:33:43 PM

MzMia

Posts: 5333
Joined: 7/30/2004
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quote:

ORIGINAL: GregoryMK

The reason the depression got so bad is the non interventiosit polices of hoover allowed things to go from bad to worse from 1929 through the end of 1932. The bottom of the depression was 1933, the year FDR took office. It was FDR's policies that put the nation back to work, injected money into the economy and got things moving back upwards.

http://www.huppi.com/kangaroo/Timeline.htm

If tax cuts ensured prosperity, then how can you explain that the longest sustained boom in US history was the post war economic boom when the top marginal rate was double what it is now? The idea that low marginal tax rates spur growth is contradicted by the historical fact that the lognest sustained boom occured at the same time marginal tax rates peaked.

The problem we face now is two fold: 1) the economic growth of the past several decades has been fueled by consumer spending and consumer debt and 2) Private capital is not being invested, it;s being hoarded. The debt fueled consumer spending growth is over, we have actually reached a negative savings rate. Since we aren't going to get capital into the economy from consumers or private capital to pull the economy out if this mess, that leaves onnly one real source of capital.

That would leave the government. Oddly, Obama;s call for an Apollo style project for green energy is just the sort of thing that can do that. And government investment has created many industries. It was government seed money and land grants that built the railroads. It was the government building the interstate highway system that created the trucking industry. The government programs for the Apollo progject brought forth the microchip and the entire computer revolution. Government money created the internet.

Yes each of these major industries owes its very existence to government spending, or more accurately to government investment in the economy. We can do it again, but not with the tired monetary policies that got us in this mess.

G

Wonderful post, not sure how I missed this post.
The people will decide next week, which candidate they believe is capable
of helping us to dig out of the sink hole we are sinking into.
I agree by definition that insanity is often doing the same thing over and over and expecting
different results.

_____________________________

Namaste'
To Each His/Her Own
"DENIAL ain't just a river in Egypt." Mark Twain

What's your favorite fetish?
"My partner's whisper"--bloomswell

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Post #: 187

RE: The End of Prosperity/Fasten your seats, its going ... - 11/24/2008 5:01:29 AM

MzMia

Posts: 5333
Joined: 7/30/2004
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I am thinking about starting a weekly bailout list.
Maybe we need a daily bailout list.

Today, let's add Citibank to the list.

Government unveils Citigroup rescue - Economy in Turmoil- msnbc.com

_____________________________

Namaste'
To Each His/Her Own
"DENIAL ain't just a river in Egypt." Mark Twain

What's your favorite fetish?
"My partner's whisper"--bloomswell

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Post #: 188

RE: The End of Prosperity/Fasten your seats, its going ... - 11/24/2008 5:04:54 AM

thishereboi

Posts: 14463
Joined: 6/19/2008
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quote:

ORIGINAL: LookieNoNookie

quote:

ORIGINAL: MzMia

quote:

ORIGINAL: LookieNoNookie

Fortunately for me...I know everything.

Then you should be running our country!
No, you should be running the world.

You are way ahead of the game.

I considered that, but it interfered with my smoking and drinking.

I am not sure why, When Billy was president, he had a lot of resposiblilty but he still managed to get a cigar in when the mood struck.

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Post #: 189

RE: The End of Prosperity/Fasten your seats, its going ... - 1/14/2009 7:53:14 PM

MzMia

Posts: 5333
Joined: 7/30/2004
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I wanted to update this thread, because of the plunging stock market.
There appears to be no real end in sight.

I certainly think we will go below 8000, I have heard predictions we will bottom out
around 7000.

CNNMoney.com Pre-Market Report - Jan. 14, 2009

I hope everyone has tightened up their seatbelts, but then again let's have faith in our future
Secretary of the Treasury.

_____________________________

Namaste'
To Each His/Her Own
"DENIAL ain't just a river in Egypt." Mark Twain

What's your favorite fetish?
"My partner's whisper"--bloomswell

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Post #: 190

RE: The End of Prosperity/Fasten your seats, its going ... - 1/14/2009 8:23:52 PM

blacksword404

Posts: 2068
Joined: 1/4/2008
Status: offline

quote:

ORIGINAL: MzMia

Okay I am not even going to start much with the "700 Billion Dollars"
that Congress just gave to the "powers that be".

All indications and indicators, are telling US, we are in a heap of trouble,
and rolling downhill faster than old Speed Racer.

Really now? didn't many of us see this coming?

I have been listening to the author Stephen Moore talk about his new book called,
guess what? "The End to Prosperity!".
Interesting points of view here.
End of Prosperity, Arthur B. Laffer, Book - Barnes & Noble

Now I look at the cover of Time Magazine, similar theme.

The End of Prosperity? - TIME

Let's see the dollar is losing its value as I type this, Wall Street is on a rollar coaster
ride that no one knows when it will end, unemployment is going up daily, job's are
being lost as I type, we all know about the housing/mortgage crisis, we all know about the oil
situation, we all know about our National Debt, we all know about the 700 billion,
we all know about how hard it will soon be for many to get any type of credit or loan,
inflation is getting ready to take off even more folks!
and we all now know that we are up the fucking creek.
MzMia is thinking you don't need to be a rocket scientist these days to figure out we are
in deep, deep fucking trouble.

I learned the definition of a Depression, tonight.
The definition of a DEPRESSION is a recession, that lingers for years.
Well welcome to the beginning of the NEW DEPRESSION era, cause all indicators
are showing that this ain't going away any time soon, and will last for years.
Again, I am saying we are heading for a DEPRESSION.

Any thoughts, idea's and opinions welcome.

Ron Paul predicted the problems with our money in his book Gold,Peace, And Prosperity. I think it was written in 1980. You should be able to find it on pdf. It was being offered for free. As far as the other problems,simple greed. Enough is never enough.

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Post #: 191

RE: The End of Prosperity/Fasten your seats, its going ... - 1/14/2009 8:31:57 PM

blacksword404

Posts: 2068
Joined: 1/4/2008
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quote:

ORIGINAL: bestbabync

i believe our government needs to tighten it's belt and cut spending! cut every damn budget and cut taxes now!

The very things government can't seem to ever do. The very things it's always needed to do. No matter the party.

_____________________________

Don't fight him. Embrace your inner asshole.

Tu fellas magnus penum meum...iterum

Genuine catnip/kryptonite.
Ego sum erus.

The capacity to learn is a gift, the ability to learn a skill, the willingness to learn a choice. Dune HH

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Post #: 192

RE: The End of Prosperity/Fasten your seats, its going ... - 1/14/2009 8:35:51 PM

MzMia

Posts: 5333
Joined: 7/30/2004
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Thank you sweetie!
Of course I am thrilled that we will have President Obama in a few days.
I get the feeling many believe that President Obama will be able to waive a magic wand,
and everything will get better overnight.
I DO appreciate that he often says, things are bad, getting worse and we have a long way to go!

We have not hit bottom yet.

I found the book you mentioned free online!
Thanks!!!

< Message edited by MzMia -- 1/14/2009 8:56:09 PM >

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Namaste'
To Each His/Her Own
"DENIAL ain't just a river in Egypt." Mark Twain

What's your favorite fetish?
"My partner's whisper"--bloomswell

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Post #: 193