| Re: More money stuff |
Subject: Re: More money stuff by TommyT-Bone on 2010/11/17 12:37:29 Remember the hammering the stock market had over the Greek crisis? The market had pretty well recovered from that, Now this ........ http://finance.yahoo.com/news/Why-the ... snews-4028366968.html?x=0 The other tradgedy that comes to mind is the evaporation of investment capital when a bonehead added an extra zero cashing out some of a companies stock. All the auto programs went crazy selling .... selling .... selling. Deflation is the demon I've been hearing about over the past 20 years or so. Contolled inflation is the preferred method of economic manipulation. Of course, a heavy inflation rate carries dangers all it's own. Late 70s early 80s had inflation going wild. Ridiculous interest rates on mortgages of approximately 17 1/2 % to my recollection. For decades the US economy has been kept artificially high. The standard of living we enjoyed here was kept at high levels so we could fuel the global economy. Many nations felt that the US being in that position put the rest of the world at risk. When the US economy suffered so did the economies of all the world. Globalization helped to diversify the risk factor among a multitude of nations driving the world economies. The US economy still plays a deciding role in what drives the world though it's no longer supposed to. When everything goes well here it seems to trickle down to producing nations. We go stagnant, they go stagnant. The Fed, Government entities, investment firms, other governments always tried to push the consumer to buy, buy, buy. Hell you hear about it every month. How much are consumers buying? The shift to a service economy helped the world economy evolve but did nothing but open the trade gap between us and other nations, prominantly China. All these highly eduacated economist have come up with these schemes to keep things moving. I believe most of them have backgrounds in Magic. It's been a charade of cups and balls. Follow the ball ........ |
