Comments on: Saying Goodbye to the Borrow and Spend Economy http://dailyreckoning.com/saying-goodbye-to-the-borrow-and-spend-economy/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sun, 27 May 2012 09:55:17 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: dale http://dailyreckoning.com/saying-goodbye-to-the-borrow-and-spend-economy/#comment-28645 dale Fri, 25 Sep 2009 02:39:05 +0000 http://dailyreckoning.com/?p=18488#comment-28645 after living in houston for nearly 30 years,and the ussa for over 50, i moved to china nearly 3 years ago. without the daily barrage of ussa propaganda, and the benefit of time and distance, i find all too many similarities in governance between the two nation states. the main differences being in names/terms used to justify total control,domination and manipulation of people and resources. whatever the ideology, the tides have changed with regards to the two nation states. common sense confirms this. but one thing remains unchanged- the rich get richer, while... after living in houston for nearly 30 years,and the ussa for over 50, i moved to china nearly 3 years ago. without the daily barrage of ussa propaganda, and the benefit of time and distance, i find all too many similarities in governance between the two nation states. the main differences being in names/terms used to justify total control,domination and manipulation of people and resources. whatever the ideology, the tides have changed with regards to the two nation states. common sense confirms this. but one thing remains unchanged- the rich get richer, while…

]]> By: daddysteve http://dailyreckoning.com/saying-goodbye-to-the-borrow-and-spend-economy/#comment-28313 daddysteve Wed, 23 Sep 2009 02:18:16 +0000 http://dailyreckoning.com/?p=18488#comment-28313 agree with sierra; I've seen 50 years of government get bigger and bigger while financial conditions(masked by cheap imports) get worse and worse. I realize correlation isn't causation but... agree with sierra; I’ve seen 50 years of government get bigger and bigger while financial conditions(masked by cheap imports) get worse and worse. I realize correlation isn’t causation but…

]]> By: sierra http://dailyreckoning.com/saying-goodbye-to-the-borrow-and-spend-economy/#comment-28247 sierra Tue, 22 Sep 2009 16:16:48 +0000 http://dailyreckoning.com/?p=18488#comment-28247 BB writes with "historical perspective" (historical memory) which is sorely lacking in today's world. During the depression of the 1930's, "things" were so cheap you would have thought that everyone could buy what they needed....sadly, not so. People were hungry even when fresh produce was so cheap, 250lb crates of cabbage were being sold (if a buyer was present) for as low as 25 CENTS! Fresh produce was dumped, same for meats; huge numbers of hogs were slaughtered, as well as cattle....etc., etc. No jobs, no money....period.... We will not recover because we have no historical memory......we will fail to "reproduce" the kind of economy we had twenty-thirty years ago when jobs were plentiful, wages were fairer....schools were better...and we had more "activists" in our society to help. Hey, this is a "jobless recovery"!! (SAY WHAT????) BB writes with “historical perspective” (historical memory) which is sorely lacking in today’s world.
During the depression of the 1930′s, “things” were so cheap you would have thought that everyone could buy what they needed….sadly, not so.
People were hungry even when fresh produce was so cheap, 250lb crates of cabbage were being sold (if a buyer was present) for as low as 25 CENTS!
Fresh produce was dumped, same for meats; huge numbers of hogs were slaughtered, as well as cattle….etc., etc.
No jobs, no money….period….

We will not recover because we have no historical memory……we will fail to “reproduce” the kind of economy we had twenty-thirty years ago when jobs were plentiful, wages were fairer….schools were better…and we had more “activists” in our society to help.

Hey, this is a “jobless recovery”!!
(SAY WHAT????)

]]> By: phelps who cant swim http://dailyreckoning.com/saying-goodbye-to-the-borrow-and-spend-economy/#comment-28240 phelps who cant swim Tue, 22 Sep 2009 14:58:18 +0000 http://dailyreckoning.com/?p=18488#comment-28240 Housing prices are good in AR, but bring enough $ with you to pay for it without a mortgage, or a very high one. Many good paying private sector jobs are leaving the state with more to follow. The State Gov. is the largest employer and most here would like a Gov. job. Police officers are in high demand, which makes no sense as there is very little violent crime here outside of Little Rock. Meth production is high in the state mainly due to someone protecting the large producers while arresting the small producers. AR is still a good place to live despite this. Beautiful lakes, parks and just simply pretty country. There is an excellent football team in OU that is fun to watch. Housing prices are good in AR, but bring enough $ with you to pay for it without a mortgage, or a very high one. Many good paying private sector jobs are leaving the state with more to follow. The State Gov. is the largest employer and most here would like a Gov. job. Police officers are in high demand, which makes no sense as there is very little violent crime here outside of Little Rock. Meth production is high in the state mainly due to someone protecting the large producers while arresting the small producers. AR is still a good place to live despite this. Beautiful lakes, parks and just simply pretty country. There is an excellent football team in OU that is fun to watch.

]]> By: Ullman http://dailyreckoning.com/saying-goodbye-to-the-borrow-and-spend-economy/#comment-28211 Ullman Tue, 22 Sep 2009 07:06:30 +0000 http://dailyreckoning.com/?p=18488#comment-28211 For starters, property taxes are scary high in Texas. All of Texas. Some of the highest in the country, and even without a state tax, it is often more burdensome in the final analysis than states that do have state tax along with property taxes. Houston is a hell hole and the first major hub for evacuees in any hurricane type evacuation effort. Central Texas is better, but it's experiencing a huge swell in house values (a belated bubble) along with a population swell, as EVERYONE has the same idea as you to move there. As for Florida...the whole state has it's boob in the wringer. Employment in that state is the pits. It's a shame. For starters, property taxes are scary high in Texas. All of Texas. Some of the highest in the country, and even without a state tax, it is often more burdensome in the final analysis than states that do have state tax along with property taxes. Houston is a hell hole and the first major hub for evacuees in any hurricane type evacuation effort. Central Texas is better, but it’s experiencing a huge swell in house values (a belated bubble) along with a population swell, as EVERYONE has the same idea as you to move there.

As for Florida…the whole state has it’s boob in the wringer. Employment in that state is the pits. It’s a shame.

]]> By: Bloomer http://dailyreckoning.com/saying-goodbye-to-the-borrow-and-spend-economy/#comment-28208 Bloomer Tue, 22 Sep 2009 06:24:38 +0000 http://dailyreckoning.com/?p=18488#comment-28208 We all are critical of government. But how well has capitalism served us? There is no utopia, but a system where so few have some much, and so many has so little, can't be sustainable in the long-term. This is not the time for polarization, this is a time for reason. We all are critical of government. But how well has capitalism served us? There is no utopia, but a system where so few have some much, and so many has so little, can’t be sustainable in the long-term. This is not the time for polarization, this is a time for reason.

]]> By: jason http://dailyreckoning.com/saying-goodbye-to-the-borrow-and-spend-economy/#comment-28198 jason Tue, 22 Sep 2009 04:34:51 +0000 http://dailyreckoning.com/?p=18488#comment-28198 soon2retire: here in Houston, you've got a low cost of living and low taxes but in my neighborhood there's a serial arsonist and packs of wild dogs running around...the police run speed traps to get money but don't stop crime, the roads are full of chuck holes and the worst drivers I've seen...bring your gun here and keep the citizenry civil, please. soon2retire: here in Houston, you’ve got a low cost of living and low taxes but in my neighborhood there’s a serial arsonist and packs of wild dogs running around…the police run speed traps to get money but don’t stop crime, the roads are full of chuck holes and the worst drivers I’ve seen…bring your gun here and keep the citizenry civil, please.

]]> By: Soon2retire http://dailyreckoning.com/saying-goodbye-to-the-borrow-and-spend-economy/#comment-28158 Soon2retire Mon, 21 Sep 2009 21:13:11 +0000 http://dailyreckoning.com/?p=18488#comment-28158 Well since we can't escape the tax man by moving overseas, perhaps we can make a go of it in Texas. Gun possesion rates keeps the citizenry relatively civil I hear. Another good one today Bill B. Thanks Well since we can’t escape the tax man by moving overseas, perhaps we can make a go of it in Texas. Gun possesion rates keeps the citizenry relatively civil I hear.

Another good one today Bill B. Thanks

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