quote:

I see that, I am entitled to my opinions and my believes.

quote:

ORIGINAL: LadyEllen

Thank goodness for American Idol then eh?

The last thing we need is widespread civil unrest to add to our woes - which is why I believe my fourth point is so essential as a means of putting right that which has gone wrong.
E

quote:

ORIGINAL: Musicmystery

quote:

I see that, I am entitled to my opinions and my believes.

I've no problem with that.

It's a shame you don't feel the same way about others, especially when they can support theirs with more than their feelings.

That is where you are totally wrong, I feel you are entitled to believe whatever you want, I don't really care if you believe in Santa Claus, Martians, and worship cockroaches.

My issue is when you attempt to change what I believe, especially when I have told you, you can not.
To each their own.

quote:

ORIGINAL: LadyEllen

First off, the developing countries will be fine - and this whether we can continue to buy their exports or more widely we can meet our debts to them. They have developed sizeable internal markets in the period over which they have taken the stage and this will see them through.

Secondly, given the enormous debts owed by we old economies to the developing economies, it will not be in their best interests for us to collapse. Not only will they not get paid but their influence over us will be diminished and so I believe they will do all they can to keep us afloat, if only just, until we find a way to recover, which may well be by way of agreeing market regulations such that their markets present fair competition for us to sell to them whatever it is we might be able to. The price to be paid in the long term by us is to lose our primacy in the world and have the developing economies effectively dictate terms to us.

Thirdly the ups and downs of stock markets and currency exchanges provide little guidance as to the situation except to the extent that they indicate the fears of those involved in relation to the relative situation from time to time and place to place and their exposure to possible losses should certain fears predominate. As such the Euro and Sterling will likely depreciate against the Dollar as will European stock markets vs the Dow et al, because the markets are predominantly expressed in, and assets are predominantly held in, US Dollars and the majority do not want to see themselves wiped out so will transfer fear to where it will least harm them. This however will not indicate the strength of the US economy or the Dollar except relative to their European counterparts, and the Dollar, Dow et al may well depreciate against their counterparts elsewhere in the world.

Fourthly there is no doubt in my mind that unless we roll back from the type of socio-economic model we have come to be dominated by - "greed is good", "devil take the hindmost", "etc" and adopt a liberal, social democratic model that nonetheless places emphasis on the importance of the private sector in order to meet social needs, then we are pretty much up the swanny.

E

quote:

ORIGINAL: pahunkboy

MM, in 3 years MIA will buy your farm for 10 oz of silver.  You or your neighbor.

quote:

ORIGINAL: Marini

It looks like my theory about a "possible"global depression is not that far fetched.
hummmm



Paul Krugman makes some very interesting points.
 
Op-Ed Columnist - The Third Depression - NYTimes.com

Buckle up your seatbelts, it is going to be a bumpy ride, and this ride is just getting started.

quote:

ORIGINAL: willbeurdaddy

quote:

ORIGINAL: Marini

It looks like my theory about a "possible"global depression is not that far fetched.
hummmm



Paul Krugman makes some very interesting points.
 
Op-Ed Columnist - The Third Depression - NYTimes.com

Buckle up your seatbelts, it is going to be a bumpy ride, and this ride is just getting started.

Krugman is a socialist quack.