http://dailyreckoning.com/cash-for-clunky-appliances/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Fri, 10 Feb 2012 22:35:22 +0000 hourly 1 http://wordpress.org/?v=3.2.1 http://dailyreckoning.com/cash-for-clunky-appliances/#comment-26254 Alex Tue, 15 Sep 2009 21:31:25 +0000 http://dailyreckoning.com/?p=18379#comment-26254 It is good news for some but bad news for others down the road. Robbing peter to pay paul to temporarily stimulate demand in some area forces purchase of items that are not wanted under current conditions. At best, if we are lucky and this is an economic low it may have provided a soft landing before going up. But if this is not an economic low then people paid too high a price and may risk default and taxpayers are on the hook for part of it for no good reason. Government interference caused the problem in the first place and it will be a stroke of good luck if more interference fixes things. It is good news for some but bad news for others down the road. Robbing peter to pay paul to temporarily stimulate demand in some area forces purchase of items that are not wanted under current conditions. At best, if we are lucky and this is an economic low it may have provided a soft landing before going up. But if this is not an economic low then people paid too high a price and may risk default and taxpayers are on the hook for part of it for no good reason.
Government interference caused the problem in the first place and it will be a stroke of good luck if more interference fixes things.

]]> http://dailyreckoning.com/cash-for-clunky-appliances/#comment-26215 Harry Tue, 15 Sep 2009 20:37:52 +0000 http://dailyreckoning.com/?p=18379#comment-26215 It's good news. Period. Retail sales ex-auto were up, not down. Why don't you look at the entire picture. Sorry if it ruins your gloomy parade. It’s good news. Period. Retail sales ex-auto were up, not down. Why don’t you look at the entire picture. Sorry if it ruins your gloomy parade.

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