Comments on: Economic Depression, Just Not That Simple

By: CommonCents

CommonCents — Sat, 02 Jan 2010 18:50:52 +0000

The latest proposal by Ben will be the final nail in the coffin, it effectively pays negative interest rates to borrowing banks. The more they borrow from the Fed at zero interest rates the more money they have to loan back to the Fed at any rate above zero, guaranteeing profits at no risk.

It may sop up the liquidity in the market as there will be few loans made to business. No business can guarantee the return of the principle none the less pay interest in this environment. This will shut down what remaining business we have left in this country and eventually make the dollar useless.

Get prepared for the worst.

By: Mary Jo's Ghost

Mary Jo's Ghost — Wed, 30 Dec 2009 02:57:25 +0000

Too true. Carbuncles and hangnails are so unloved these days.

By: Ted Kennedy's Ghost

Ted Kennedy's Ghost — Wed, 30 Dec 2009 02:12:32 +0000

Ah, poor Harry. Just a misunderstood kvetcher. Not much appreciation playing devils advocate around these webpages.

By: eggs actly

eggs actly — Wed, 30 Dec 2009 01:15:01 +0000

harry is in a hurry to save the world. trouble is the world is deaf and blind.

The numbers just don’t add up anymore and you cannot argue with math.

By: Trollscanner

Trollscanner — Wed, 30 Dec 2009 01:11:15 +0000

But like most street preachers, he mostly just annoys the crowd.

—-
@Theophiluspunofall

In net language, he’s known as a troll

By: Theophiluspunofall

Theophiluspunofall — Wed, 30 Dec 2009 00:26:50 +0000

Like a street preacher exhorting the crowd, Harry thinks he has received a divine call to save wayward sinners from Bonner.

But like most street preachers, he mostly just annoys the crowd.

By: Harry

Harry — Tue, 29 Dec 2009 23:12:44 +0000

Earlier I read a post with BB saying equities were the “trade of the next decade” more or less. Now, he’s clearly saying stocks should fall, we’re in a depression, the usual.

So what’s it going to be a depression with great stock returns?

By: potst

potst — Tue, 29 Dec 2009 22:17:25 +0000

Harry before you chime in with your usual bundle of bunkum, do us all a favor. Disconnect you internet, shut down your computer and leave the public library. Don’t return.

Thanks