milkchaser

Six Trends to Profit From

The problem is not credit, per se. We should all use as much credit as we possibly can afford. The problem is using credit unwisely (e.g. to buy a house that subsequently declines in value or to buy too much of something instantly consumed, like an expensive vacation). A country or company that does not wisely exploit its ability to borrow is leaving money on the table.

That said, $1.8 Trillion in debt in a single year that largely finances political pay-offs is a frightening example or irresponsible credit.


On May 31 04:40 PM Stomarkt wrote:

>
> Total credit market debt as a percentage of GDP has risen from 130%
> of GDP in 1952 to 350% of GDP today. The various bailout
> and stimulus schemes enacted in the last year will drive this percentage
> above 400% in the near future. When a country allows
> this much debt to accumulate versus its GDP, they have done something
> seriously wrong. The country’s politicians, business
> leaders, and citizens have all contributed to this disaster.
>
> I came across this interesting site..check it out url.moosaico.com/10424
> Econ & Finance Articles Updated Daily

Six Trends to Profit From

That would be "The Gods Must Be Crazy", I think.

Cycling is great, but I don't expect it to substitute for trucking and other transportation needs. Whenever I hear someone wax rhapsodic about the virtues of cycling, I picture a horde of cyclists strugglilng to carry tons of frozen McDonald's burgers and fries from warehouse to store -- each and every store -- twice a week. And another horde for Wendy's. And another horde for each grocery store. etc... And, of course, we'll all make several trips to and from the mall to bring back all of our stuff.

The notion that our society could function without lots and lots of fossil fueled vehicles is ridiculous fantasy. One can observe carless societies throughout the world. They are not productive.

On May 30 04:06 PM Jimbo wrote:

> Several years ago I saw a film based in South
> Africa: "The Gods must be Angry" I think was the title. The biggest
> laugh was when a housewife got in her car to drive about 50 feet
> to place a letter in her mailbox. She then returned her car to the
> garage.

Six Trends to Profit From

I will believe America will adopt such virtue (saving vs credit, solar vs fossil fuel, Prius vs gas guzzler, carrots vs coke) when I observe it.