cristian

Unemployment: It's Even Worse than You Think

Vicious cycle - It is amusing to watch the economic "Einsteins" and the establishment elite persisting in their delusional thinking that a recovery is possible or likely considering high unemployment;

Where is going to come from, their harebrained ideas of, and misapplied globalisation ? No jobs and or low paid jobs, no purchasing power, high consumer and national dept, escalating & insolvent government programs... there is worse to come, much worse.

2009 Economic Forecasts Ignore Demographic Shift

You hit the nail on the head, unlike the the empty rantings of the article.
What is left is adjustment, to the living standards of third world country.


On Dec 29 07:05 AM Strangewalk wrote:

> Genuine wealth creation and sustainable recovery via American manufacturing
> cannot return since the same factors (unions, environmental extremists,
> worker's comp shake-down lawyers, etc) that forced its move to China
> would just drive it back there again. The only kind of recovery that's
> plausible is a new round of credit expansion resulting from Chinese
> funding of US consumption. This model hopefully won't return again,
> so what's left?

Preview from Europe: Rejected Auto Bailout Tanks Markets

As far as some in Congress asking the unions to cut wages in line with Japanese car makers, it occurs to me that the request for help was not put to the Japanese legislature, but to the US Congress.

Beyond that, it seems that both parties are used to getting to good a deal. And it looks like times are going to teach them a stern lesson. And I don't mean only the unions, but the fat parasites that lied their way to Congress, and their manipulators as well.

Consumers Buy Into Disinflation

"Disinflation" aka contraction !

Paul Krugman + Al Gore = The Way Forward

It is not about caps, it is about finding an efficient alternative to fossil fuels. Capitalism will likely embrace something efficient, thus profitable. The trouble is that Gore is full of hot air, not solutions. The natural consequence of this rabid environmentalism, which is a hodge podge cocktail of snake oil, based on a repressed Malthusian and neoludite ideology is a a contraction of humanity. Not something that is acceptable to most. There is little chance of this seeing the light of day with Obama, simply because it is hogwash. Every time you turn on the light, it is reality check. It works. But I guess in some minds there is perpetual darkness.

Fear Is Not a Strategy

Of course fear is not a strategy, but what is wrong with prudence? I mean, the government is not even seeing and acknowledging the problems of this economy, consequently they are far removed from doing anything effective.

There is nothing wrong with cash and gold, they are eroding much slower than the markets.

Who Will Bail Out the U.S. Government?

What do you mean WHO ? You & countless other taxpayers of course.

Be It Resolved: No One Has a Clue

It is written in the BOOK "you shall bring back employment" ! What kind of demand can you have on debt ?! How can you have a viable economy with a shrinking employment base, placing downward pressure on wages ? The geniuses that orchestrated this, thought that it will work on borrowed money and borrowed time indefinitely. Time to pay the fiddler. It not now, soon.