The Paper Economy VS The Real Economy PART 2
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I got to 3:45 and realized this guy was not going to explain what a 'paper economy' is. Instead you talked about how depressing life should be given the circumstances. Well I guess if you are depressed you feel you should depress others.Typical. I will carry on my search else were for knowledge of what a paper economy is.
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I wonder what it is going to be like come fall 2009.........
everything todays seems like we are getting better.. yet we all know this is not real... I think when the market drops this time it is going to be a long time until it recovers
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There is nobody alive today who was significantly invested in October 1929. We've lost any Human Experiential Knowledge of the factors involved in the *follow-up* fall after the Crash. In 1929 the Dow plummeted, then recovered. On Oct 30, 1929 people woke up and still had jobs, mortgages, stores were still open. It took 3 years for everything to collapse, and 8 years to recover. We're into this thing only 10 months. Lots of life to live.
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As long as our consumer economy continues to undermine itself with Globalization we will continue this downward slide. We either compartmentalize and give more power to smaller groups such as states or we keep things open and global and end up with an economic osmosis. If we wait until we reach ecoomic equilibrium with India and China then we have a long way to go.
2 years ago 2
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this guy is a bad anylist, watch Tech Ticker on yahoo, im not saying hes wrong or right im saying he uses little stories about bushiness he knows, not really using strong data
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I agree, but I really wasn't trying to convince him, I just pointed out his folly to him when he said that a woman in his church chose not to belive in a collapsing economy & he said he was flabergasted out her choice to belive in fantasy & I told him you do the same exact thing, you choose to belive in a fantasy/fairy tale so how can you be aghast that this woman chooses to belive in her fantasy/fairy tale.
I really don't care what fantasy people belive in as long as they keep me out of it.
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You are completing wasting your time and energy trying to convince a primitive, superstitious, and delusional person to come over to our way of thinking. Let him continue to believe in his Invisible Sky Wizard (one of millions created by man since the beginning of time) and we will know the Truth. That's all there is to it my friend.
2 years ago 2
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Agreed. This uptick in the stock market is being caused by the fed's flood of cash into the economy. The quants are unloading back into the stock market for better returns and this is driving the market up. But insiders are selling their stocks into this upturning market. Not a good sign. This upturn will peter out and when it does your predictions will prove accurate.
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who wouldn't be profitable ...in the environment they created for themselves ....madness ...pure madness...
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Our gov' t SOLD out our manufacturing base. Our ecomoy relies on US to buy 75% of our own products and we are supposed to happily be going into deeper debt to prop up our own economy. Wall street and the politicians who are employed back and forth between the two, bailed each other out and stuck us with the bill.
justpickanyname 2 years ago 5
Our economy is based on continual growth. If it does not grow we are in trouble. Common sense tells us that we can't continue to spend more than we make. Can't be done. No system can continue to make it if it is based on continually more consumption.
Stan1208 2 years ago 3