Comments on: Hooray, It’s a Depression!

By: HO

HO — Mon, 05 Oct 2009 18:17:24 +0000

There are many studies in animals showing diet restriction can lengthen life, perhaps this is somewhat responsible for this.

By: sharonsj

sharonsj — Mon, 05 Oct 2009 15:24:54 +0000

Actually, Jesus is supposed to rule the Vatican since they are Christians. Not that anyone here acts like a Christian anyway. Booing at people in wheelchairs at town hall meetings, saying health care is a Communist plot, cheering when the Olympics doesn’t come to the U.S., and encouraging extremists to shoot the president–all smoke screens to cover up the greatest theft in our history. I want things to get much, much worse so perhaps the sheeple will finally pay attention to what’s really going on.

By: A.E.Vazquez

A.E.Vazquez — Sun, 04 Oct 2009 04:42:55 +0000

Very good Mr.Bill Bonner. Your name is funny too: Mr.Bill – “OH,NO… or how about Mr. Bonner. Yes, we men get those too. However, Mr. Bill “Oh, No…I have a Bonner, is too much. LOL. Thanks, I feel better now. Reality, out!

By: Chav

Chav — Sat, 03 Oct 2009 22:47:34 +0000

Whatever happened to the DR discussion boards??

By: Peter Rogers

Peter Rogers — Sat, 03 Oct 2009 18:05:57 +0000

US Jobless figures were shocking for September, more bad news was the admission that the job losses were so bad in the first quarter of 2009 that the tool to measure them was effectively broken and there may be a downwards adjustment for the yearly total of upto 800,000 more job losses than recorded and on top of that US factory orders dropped unexpectedly
Still as Harry would say, the news was encouraging and obviously the market agrees as there was no sell off, in fact all seems to be well?
I just don’t get it, like the UK house price rises for the last 3 months, UK houses have hardly dropped unlike US housing and are steady climbing back to bubble era highs, they do not seem to be following the unemployment trends or the lack of mortgage availability, maybe this time it is different?
ha ha.

By: JMR bayou bobby

JMR bayou bobby — Sat, 03 Oct 2009 10:14:34 +0000

“Thank the rascal gods. Americans are saving again…”
_________________________________________

Okay, what are they saving when stashing paper into mattresses?

I’m also not feeling the joy you expressed about the good news of the depression. Maybe it takes awhile for the medicine to take.

By: Bloomer

Bloomer — Sat, 03 Oct 2009 02:59:20 +0000

Economics has been a dismal science for the most part. Adam Smith’s theory about the invisible hand sums it all up.

“Every individual necessarily labors to render the annual revenue of the society as great as he can. He generally indeed neither intends to promote the public interest, nor knows how much he is promoting it. He intends only his own gain, and he is in this, as in many other cases, led by an invisible hand to promote an end which was no part of his intention. By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it. I have never known much good done by those who affected to trade for the public good.”(The Wealth of Nations).”

We all can speculate, debate, or argue about the future direction of the economy or of our society, but can anyone say with real certainty, where we are heading? Has the pursuit of our own individual interest been to the betterment or the detriment of society?

Will the bad luck of a floundering economy bring people together again? Would a return to the community and collectiveness put us back on the right path? Is this what would make us live longer? What would the Gods say?

By: Ted Ives

Ted Ives — Sat, 03 Oct 2009 01:28:24 +0000

There are many studies in animals showing diet restriction can lengthen life, perhaps this is somewhat responsible for this.

By: Bill Hubbard

Bill Hubbard — Fri, 02 Oct 2009 23:51:12 +0000

Well done Bill.

By: Homer J Simpson

Homer J Simpson — Fri, 02 Oct 2009 21:27:20 +0000

Hehehe. Economists are stupid.