bigqueue's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/252112/comments http://seekingalpha.com/article/103846-stop-calling-this-a-depression?source=feed#comment-299031 299031
So we are just perhaps at the beginning of a longer slide like back in '29......heck, the market had several rallies in that 20-32 time period.....in fact, I think the great depresison was technically something like two longer recessions...not exactly one long session.

Still....the sum total of pain was there. Perhaps we are just beginning the process. (let's hope not)]]> Wed, 05 Nov 2008 20:23:58 -0500
So we are just perhaps at the beginning of a longer slide like back in '29......heck, the market had several rallies in that 20-32 time period.....in fact, I think the great depresison was technically something like two longer recessions...not exactly one long session.

Still....the sum total of pain was there. Perhaps we are just beginning the process. (let's hope not)]]> http://seekingalpha.com/article/97548-horrid-data-housing-jobs-durable-goods?source=feed#comment-266227 266227 Fri, 26 Sep 2008 14:33:56 -0400 http://seekingalpha.com/article/97427-the-dummy-s-guide-to-the-u-s-financial-crisis?source=feed#comment-265336 265336
We have been running a trade deficit for years upon years, and the value of our work has been going down in the world....the result has been that our salaries have been effectly going down, and had we not come across the magic bullet of "outsourcing", we would never have been able to keep prices down so that we could afford our own products.

But we outsourced, and got our cheap products...but in doing so, we essentially also exported our jobs....and since out actual exports were NOT keeping up with our imports, other countries ended up having to eventually loan us the money we needed to keep buying their products.....we were essentially BROKE.

Why did they do that....well, it turns out they needed us.....our value to the world was our ability to CONSUME....they wanted to build the factories and infrastructure to produce, and they needed consumers...so they "saved" their money in order to lend it back to us to keep us fat, dumb and happy.....all the time consuming their goods, and allowing them to build their infrastructure.

Well....we have not quite gotten to the point where their middle class can support their factories....but as we slip, and they progress, they are getting darn close.

If the day comes where we are NOT the biggest consumer in the world...we will NOT be needed....and we will collapse because no one will buy our dent...and we will have to pay all our debtors.

The debt to China alone is awesome.....

So the problem is surely one of debt....but much more than just housing debt and local debt.]]> Thu, 25 Sep 2008 19:41:54 -0400
We have been running a trade deficit for years upon years, and the value of our work has been going down in the world....the result has been that our salaries have been effectly going down, and had we not come across the magic bullet of "outsourcing", we would never have been able to keep prices down so that we could afford our own products.

But we outsourced, and got our cheap products...but in doing so, we essentially also exported our jobs....and since out actual exports were NOT keeping up with our imports, other countries ended up having to eventually loan us the money we needed to keep buying their products.....we were essentially BROKE.

Why did they do that....well, it turns out they needed us.....our value to the world was our ability to CONSUME....they wanted to build the factories and infrastructure to produce, and they needed consumers...so they "saved" their money in order to lend it back to us to keep us fat, dumb and happy.....all the time consuming their goods, and allowing them to build their infrastructure.

Well....we have not quite gotten to the point where their middle class can support their factories....but as we slip, and they progress, they are getting darn close.

If the day comes where we are NOT the biggest consumer in the world...we will NOT be needed....and we will collapse because no one will buy our dent...and we will have to pay all our debtors.

The debt to China alone is awesome.....

So the problem is surely one of debt....but much more than just housing debt and local debt.]]> http://seekingalpha.com/article/92848-another-depression?source=feed#comment-240476 240476
So if all goes to plan, we will see a slow eroding of standard of living and wealth in the USA. If things go odd track, well....a violent nose-first decent might give us much different results. (I'm not sure the Lobster ends up any less dead after the slow-rising temperature boil as opposed to the plunge into the boiling pot.....but perhaps one is more tasty than the other...no?)]]> Wed, 27 Aug 2008 18:57:38 -0400
So if all goes to plan, we will see a slow eroding of standard of living and wealth in the USA. If things go odd track, well....a violent nose-first decent might give us much different results. (I'm not sure the Lobster ends up any less dead after the slow-rising temperature boil as opposed to the plunge into the boiling pot.....but perhaps one is more tasty than the other...no?)]]>