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	<title>Comments on: Black Swan Month &#8212; Part 2</title>
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	<link>http://dailyreckoning.com/black-swan-month-part-2/</link>
	<description>Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies.</description>
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		<title>By: Impertinent Questions - Contrarian Stock Market Investing News - Featuring Bargain Stocks</title>
		<link>http://dailyreckoning.com/black-swan-month-part-2/#comment-350</link>
		<dc:creator>Impertinent Questions - Contrarian Stock Market Investing News - Featuring Bargain Stocks</dc:creator>
		<pubDate>Tue, 10 Feb 2009 20:40:06 +0000</pubDate>
		<guid isPermaLink="false">http://dailyreckoning.com/?p=11224#comment-350</guid>
		<description>[...] also see in the FT article confirmation of what I said on Friday, that Geithner has one shot at this:  “[Obama] hinted that he understood precisely [...]</description>
		<content:encoded><![CDATA[<p>[...] also see in the FT article confirmation of what I said on Friday, that Geithner has one shot at this:  “[Obama] hinted that he understood precisely [...]</p>
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		<title>By: The Volcker Effect - Contrarian Stock Market Investing News - Featuring Bargain Stocks</title>
		<link>http://dailyreckoning.com/black-swan-month-part-2/#comment-302</link>
		<dc:creator>The Volcker Effect - Contrarian Stock Market Investing News - Featuring Bargain Stocks</dc:creator>
		<pubDate>Mon, 09 Feb 2009 20:00:09 +0000</pubDate>
		<guid isPermaLink="false">http://dailyreckoning.com/?p=11224#comment-302</guid>
		<description>[...] exactly confidence-inspiring.  As I said on Friday, Geithner has only one shot at this.  If he comes back next week or next month to fine-tune or tinker with this thing, markets [...]</description>
		<content:encoded><![CDATA[<p>[...] exactly confidence-inspiring.  As I said on Friday, Geithner has only one shot at this.  If he comes back next week or next month to fine-tune or tinker with this thing, markets [...]</p>
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		<title>By: Pissed</title>
		<link>http://dailyreckoning.com/black-swan-month-part-2/#comment-271</link>
		<dc:creator>Pissed</dc:creator>
		<pubDate>Sun, 08 Feb 2009 15:23:08 +0000</pubDate>
		<guid isPermaLink="false">http://dailyreckoning.com/?p=11224#comment-271</guid>
		<description>Well, well. Four of Obama&#039;s appointees didn&#039;t pay their taxes....but he expects us common folk to pay? I&#039;m thinking that unless Obama directs the IRS to fully audit every congressperson in both houses for the last three years - plus ALL of their staff, I&#039;m inclined not to pay my taxes either.</description>
		<content:encoded><![CDATA[<p>Well, well. Four of Obama&#8217;s appointees didn&#8217;t pay their taxes&#8230;.but he expects us common folk to pay? I&#8217;m thinking that unless Obama directs the IRS to fully audit every congressperson in both houses for the last three years &#8211; plus ALL of their staff, I&#8217;m inclined not to pay my taxes either.</p>
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		<title>By: Seerak</title>
		<link>http://dailyreckoning.com/black-swan-month-part-2/#comment-225</link>
		<dc:creator>Seerak</dc:creator>
		<pubDate>Fri, 06 Feb 2009 21:57:03 +0000</pubDate>
		<guid isPermaLink="false">http://dailyreckoning.com/?p=11224#comment-225</guid>
		<description>&lt;i&gt;Things haven’t got as bad as they were when FDR came in, at least not yet!&lt;/i&gt;

That&#039;s nothing but timing.  The Crash happened in Hoover&#039;s first year, and he had three more years to bugger up the works with Smoot-Hawley etc.  The economy had pretty much bottomed out by the time FDR took the reins (and he duly proceeded to keep us there for a decade).

This one got going in Bush&#039;s last year, and is still developing.  Assuming the pattern repeats, the bottom is in 2010.</description>
		<content:encoded><![CDATA[<p><i>Things haven’t got as bad as they were when FDR came in, at least not yet!</i></p>
<p>That&#8217;s nothing but timing.  The Crash happened in Hoover&#8217;s first year, and he had three more years to bugger up the works with Smoot-Hawley etc.  The economy had pretty much bottomed out by the time FDR took the reins (and he duly proceeded to keep us there for a decade).</p>
<p>This one got going in Bush&#8217;s last year, and is still developing.  Assuming the pattern repeats, the bottom is in 2010.</p>
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		<title>By: JB</title>
		<link>http://dailyreckoning.com/black-swan-month-part-2/#comment-219</link>
		<dc:creator>JB</dc:creator>
		<pubDate>Fri, 06 Feb 2009 17:58:29 +0000</pubDate>
		<guid isPermaLink="false">http://dailyreckoning.com/?p=11224#comment-219</guid>
		<description>Mike says:

&quot;So if you think you have any better answers other than unleashing your harsh liberterian ideology that would leave most people destitute, I suggest you bring them to the forward&quot;

Can you define &quot;harsh libertarian ideology&quot; for us? (and it&#039;s &quot;libertarian&quot; not &quot;liberterian&quot; - the e isn&#039;t by the a on the keyboard for a typo, so I will put your mistake down to you being uninformed and unfamiliar about/with libertarianism and Austrian Economics)

If you are referring to the fact that most libertarians having familiarity with Austrian Economics would suggest letting the market clear the mis-allocations of resources brought about by the FEDGOV utilizing the Central Bank to artificially lower interest rates and utilize fiat currency, then I would suggest that you explain to all of us how taking on more debt to continue supporting corporations that mis-allocated resources will provide a higher standard of living in the future for everyone.  

It won&#039;t - it will lower everyone&#039;s standard of living even further than if we clear the market right now.  You can stop the mis-allocations now by clearing the market with a sink-or-swim approach, or you can keep the mis-allocations going by propping up inefficient/unprofitable corporations with taxes.  

It appears that individuals of your mind-set want a short-term &quot;faux-solution&quot;, while a libertarian wants a long-term structural assessment and solutions that fit - you want the little kids &quot;solution&quot; (if, as I believe, you are advocating continual mis-allocation of resources at the populations expense) that doesn&#039;t &quot;look past tomorrow&quot;, while libertarians want an adult solution that looks much farther ahead than &quot;tomorrow&quot; and much deeper than &quot;lets just throw more resources at it&quot;. 

I again suggest that you bring forward explanations that show why and how the continued mis-allocation of resources in support of non-productive corporations improves the standard of living of the population and doesn&#039;t hasten the economic collapse of the United States.</description>
		<content:encoded><![CDATA[<p>Mike says:</p>
<p>&#8220;So if you think you have any better answers other than unleashing your harsh liberterian ideology that would leave most people destitute, I suggest you bring them to the forward&#8221;</p>
<p>Can you define &#8220;harsh libertarian ideology&#8221; for us? (and it&#8217;s &#8220;libertarian&#8221; not &#8220;liberterian&#8221; &#8211; the e isn&#8217;t by the a on the keyboard for a typo, so I will put your mistake down to you being uninformed and unfamiliar about/with libertarianism and Austrian Economics)</p>
<p>If you are referring to the fact that most libertarians having familiarity with Austrian Economics would suggest letting the market clear the mis-allocations of resources brought about by the FEDGOV utilizing the Central Bank to artificially lower interest rates and utilize fiat currency, then I would suggest that you explain to all of us how taking on more debt to continue supporting corporations that mis-allocated resources will provide a higher standard of living in the future for everyone.  </p>
<p>It won&#8217;t &#8211; it will lower everyone&#8217;s standard of living even further than if we clear the market right now.  You can stop the mis-allocations now by clearing the market with a sink-or-swim approach, or you can keep the mis-allocations going by propping up inefficient/unprofitable corporations with taxes.  </p>
<p>It appears that individuals of your mind-set want a short-term &#8220;faux-solution&#8221;, while a libertarian wants a long-term structural assessment and solutions that fit &#8211; you want the little kids &#8220;solution&#8221; (if, as I believe, you are advocating continual mis-allocation of resources at the populations expense) that doesn&#8217;t &#8220;look past tomorrow&#8221;, while libertarians want an adult solution that looks much farther ahead than &#8220;tomorrow&#8221; and much deeper than &#8220;lets just throw more resources at it&#8221;. </p>
<p>I again suggest that you bring forward explanations that show why and how the continued mis-allocation of resources in support of non-productive corporations improves the standard of living of the population and doesn&#8217;t hasten the economic collapse of the United States.</p>
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		<title>By: Mike</title>
		<link>http://dailyreckoning.com/black-swan-month-part-2/#comment-218</link>
		<dc:creator>Mike</dc:creator>
		<pubDate>Fri, 06 Feb 2009 15:36:07 +0000</pubDate>
		<guid isPermaLink="false">http://dailyreckoning.com/?p=11224#comment-218</guid>
		<description>Black Swan by David Gonigam:

Well do you think most people would be better off with McCain in there?  Things haven&#039;t got as bad as they were when FDR came in, at least not yet!  I am sure Obama would have more support if we had 25% unemployment.  Those sociopaths who don&#039;t deserve to live such extravagantly and lavishly will pose a problem for Obama because they haven&#039;t lost everything the way so many of those people did when FDR came to office.  So if you think you have any better answers other than unleashing your harsh liberterian ideology that would leave most people destitute, I suggest you bring them to the forward</description>
		<content:encoded><![CDATA[<p>Black Swan by David Gonigam:</p>
<p>Well do you think most people would be better off with McCain in there?  Things haven&#8217;t got as bad as they were when FDR came in, at least not yet!  I am sure Obama would have more support if we had 25% unemployment.  Those sociopaths who don&#8217;t deserve to live such extravagantly and lavishly will pose a problem for Obama because they haven&#8217;t lost everything the way so many of those people did when FDR came to office.  So if you think you have any better answers other than unleashing your harsh liberterian ideology that would leave most people destitute, I suggest you bring them to the forward</p>
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