The Bailout Pork Effect: Short Term Rally, Long Term Disaster [View article]
Bearfund, Well stated. I would just add that if wages don't keep up and jobs are lost at higher rates (I think this is likely) then non-essential goods like iPods, new furniture, etc. will deflate. Of course there is a fight between rising costs (oil and materials) and low demand. We already see this in big cars and SUVs.
Bo Peng, thanks for the article. You have described the Shock Doctrine. This is a book by Naomi Klein and explains disaster capitalism. To see a funny interview with her check out www.naomiklein.org/fil...
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Bearfund, Well stated. I would just add that if wages don't keep up and jobs are lost at higher rates (I think this is likely) then non-essential goods like iPods, new furniture, etc. will deflate. Of course there is a fight between rising costs (oil and materials) and low demand. We already see this in big cars and SUVs.
Oct 04 18:09 pm
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All Comments by StateofConfusion »The Bailout Pork Effect: Short Term Rally, Long Term Disaster [View article]
Bo Peng, thanks for the article. You have described the Shock Doctrine. This is a book by Naomi Klein and explains disaster capitalism.
To see a funny interview with her check out www.naomiklein.org/fil...