Comments on: Forever in Bubbles

By: Lost & Found

Lost & Found — Mon, 25 May 2009 14:27:20 +0000

The next and probably last bubble will be in feds telling you what to do and what to let. But the difference to other bubbles will be that this bubble of the worst of the worst first intruding into and then sucking up your individual, personal liberties won’t ever burst. Welcome to the brave, new world. Prepare.

By: Roshan

Roshan — Mon, 25 May 2009 06:56:48 +0000

Hi Bill. You talk about the end of the bubble era. What about the new bubble forming right before our eyes? The QE bubble…the government debt bubble…the printed money bubble? This has lifted markets in Asia by up to 70% from the bottom. Isn’t this just a case of money born in the US and other developed troubled nations flowing into economies percieved to be relatively isolated or prone to growth because of demographics?

By: Mark

Mark — Sun, 24 May 2009 08:08:46 +0000

People often tell me no one can know the future and that there are no certainties. That this is stated as fact, this certainty must be the only exception to the rule.

Inflation or deflation, growth or not I dont know anymore. I was certain 3 years ago that house prices would fall and gold would go up.

Did that mean I was a pessimist or was I optimistic I could turn a profit.

Now I know I don’t know but I am sticking with it. QE, deleveraging, mismanagement and the misappropriation of resources etc continue.

Things dont look good. I am not betting on economic recovery

By: MikeB

MikeB — Sat, 23 May 2009 16:26:17 +0000

Awesome article, as usual! The US is in big trouble, no doubt. We need people like YOU in Congress. That KNOW what they are voting about. Thanks again for this great website.

By: Alasdair Anderson

Alasdair Anderson — Sat, 23 May 2009 15:40:39 +0000

Hi Bill or whoever is interested; I have
The Answer to the USA Financial Problem
though I’m sure others have thought of this.

It only needs one law then “hands off” from the government; the market will take care of the rest.
The law:
The value of imported manufactured goods cannot exceed the value of exported manufactured goods.

This would operate a bit like the carbon credits:
Exporters earn credits and importers have to buy the credits off them before they can import an equal value of manufactured goods.

The fall out.
1. The money earned from the credits will go towards making the exported goods cheeper and hence more competitive.
2. Imported goods will cost more and hence will be competitive with home made goods.
3. The goods that are manufactured for export and home sales will have a double competitive advantage.
4. All the jobs that went overseas will be repatriated because the advantage will have largely disappeared.
5. Years of developed skill sets won’t be lost forever.

This alone will bring back manufacturing to the USA & Canada, it will raise employment and remove the specter of civil unrest.
More people earning will increase tax revenue and eventually restore stability.

If this violates some international trade agreement, then modify it.

Oh, one more law would be good:
Get rid of the Federal Reserve for good.

Regards, Alasdair Anderson. (acceptwhatis@gmail.com)

By: Nate Brent

Nate Brent — Sat, 23 May 2009 04:06:32 +0000

Why didn’t you list my comment?

By: Paul

Paul — Fri, 22 May 2009 23:23:23 +0000

Mr Bonner, if only these elected officials had an ounce of your common sense we’d all be much better off.

By: Greg Knepp

Greg Knepp — Fri, 22 May 2009 21:03:32 +0000

My email is was misstyped

By: Greg Knepp

Greg Knepp — Fri, 22 May 2009 21:01:50 +0000

Bill,
Not bad for a Baltimoron, in fact the best article I’ve read on this matter in months! I’ve developed a formula to describe the current financial condition : 2+2=5(not!) Hey, I’m no Einstein, but it’s to the point. Keep up the good work,
Greg