Comments on: Sticking With the Basics http://dailyreckoning.com/sticking-with-the-basics/ Economic News, Markets Commentary, Gold, Oil and Investing Strategies. Sun, 27 May 2012 07:34:04 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Roberto http://dailyreckoning.com/sticking-with-the-basics/#comment-17300 Roberto Tue, 04 Aug 2009 20:19:15 +0000 http://dailyreckoning.com/?p=17582#comment-17300 Bill, Enjoy your vacation. And (I'm sure she's a sweetheart), ignore your mom's advice, keep writing. You've taught me alot. Bill,
Enjoy your vacation. And (I’m sure she’s a sweetheart), ignore your mom’s advice, keep writing. You’ve taught me alot.

]]> By: Lost & Found http://dailyreckoning.com/sticking-with-the-basics/#comment-17262 Lost & Found Tue, 04 Aug 2009 13:34:08 +0000 http://dailyreckoning.com/?p=17582#comment-17262 Poor Bill. It seems it is always the women trying to make a mess out of one's life. Even during holidays. Poor Bill. It seems it is always the women trying to make a mess out of one’s life. Even during holidays.

]]> By: lainvestorgirl http://dailyreckoning.com/sticking-with-the-basics/#comment-17228 lainvestorgirl Tue, 04 Aug 2009 05:42:38 +0000 http://dailyreckoning.com/?p=17582#comment-17228 I read you every day, if I had to wait 20 years or 20 months or 20 days for this kind of analysis, I would be very sad! I read you every day, if I had to wait 20 years or 20 months or 20 days for this kind of analysis, I would be very sad!

]]> By: Swiss Genome http://dailyreckoning.com/sticking-with-the-basics/#comment-17220 Swiss Genome Tue, 04 Aug 2009 02:26:58 +0000 http://dailyreckoning.com/?p=17582#comment-17220 Thank You and Congratulations on one of the Best written exposes so far written explaining in simple terms why we are in the current Economic Crisis. It's a pity that most people in the U.S., Politicians included will never get it or understand it. Keep up the Great Work, some of us are listening ! The Swiss Genome. Thank You and Congratulations on one of the Best written exposes so far written explaining in simple terms why we are in the current Economic Crisis. It’s a pity that most people in the U.S., Politicians included will never get it or understand it. Keep up the Great Work, some of us are listening ! The Swiss Genome.

]]> By: Bloomer http://dailyreckoning.com/sticking-with-the-basics/#comment-17218 Bloomer Tue, 04 Aug 2009 02:18:54 +0000 http://dailyreckoning.com/?p=17582#comment-17218 It appears we are in winter, as those who follow the Kondratieff wave, will tell you. It is during this bitter winter, says the Kondratieffs', that investment grade bonds, gold and commodities, will be the safe places to put your money. When I read the Daily Reckoning on August 18, 2018, it will coincide with spring on the Kondratieff calender. I hope Mr. Bonner has the time, to write some more books. Something to read by the fire, as I sit out the long cold winter. It appears we are in winter, as those who follow the Kondratieff wave, will tell you. It is during this bitter winter, says the Kondratieffs’, that investment grade bonds, gold and commodities, will be the safe places to put your money.

When I read the Daily Reckoning on August 18, 2018, it will coincide with spring on the Kondratieff calender. I hope Mr. Bonner has the time, to write some more books. Something to read by the fire, as I sit out the long cold winter.

]]> By: JMR bayou bobby http://dailyreckoning.com/sticking-with-the-basics/#comment-17212 JMR bayou bobby Tue, 04 Aug 2009 01:32:51 +0000 http://dailyreckoning.com/?p=17582#comment-17212 As you like it indeed! Enjoy the war,the peace will be unbearable. Ask your German friends, if you have any, who said that when. As you like it indeed! Enjoy the war,the peace will be unbearable. Ask your German friends, if you have any, who said that when.

]]> By: Kurt http://dailyreckoning.com/sticking-with-the-basics/#comment-17209 Kurt Tue, 04 Aug 2009 00:59:17 +0000 http://dailyreckoning.com/?p=17582#comment-17209 You certainly know how to write so entertainingly about the scary future awaiting us. I am afraid it will take us a long time to unwind. I could not come up with any other word to describe it. Certainly, it would not be called recovery, after the kind of misery that this depression will inflict on the population. I think it would be anybody’s guess as to how the world will look like 5-10 years from now and under what kind of economic or political system we will be living at home. After the last depression, it was said that FDR somehow saved the capitalist system. Of course we now know that it wasn’t FDR, but rather it was Japan. Churchill once said “The United States invariably does the right thing, after having exhausted every other alternative". Were he alive today, he would have had second thoughts. I am sure there are others who clearly see the predicament that we are in but they certainly don’t have the talent to put it the way you do. Please don’t listen to your wife and keep writing. We need your wonderful black humor when everything else is so depressing. You certainly know how to write so entertainingly about the scary future awaiting us. I am afraid it will take us a long time to unwind. I could not come up with any other word to describe it. Certainly, it would not be called recovery, after the kind of misery that this depression will inflict on the population. I think it would be anybody’s guess as to how the world will look like 5-10 years from now and under what kind of economic or political system we will be living at home.

After the last depression, it was said that FDR somehow saved the capitalist system. Of course we now know that it wasn’t FDR, but rather it was Japan.

Churchill once said “The United States invariably does the right thing, after having exhausted every other alternative”. Were he alive today, he would have had second thoughts.

I am sure there are others who clearly see the predicament that we are in but they certainly don’t have the talent to put it the way you do.

Please don’t listen to your wife and keep writing. We need your wonderful black humor when everything else is so depressing.

]]> By: Paul http://dailyreckoning.com/sticking-with-the-basics/#comment-17208 Paul Tue, 04 Aug 2009 00:53:35 +0000 http://dailyreckoning.com/?p=17582#comment-17208 Bill - pleased you are ignoring your mother's advice re frequency of writing your blog. Hopefully you will live as long as she, writing daily, and keep us entertained and enlightened for a long time to come! Bill – pleased you are ignoring your mother’s advice re frequency of writing your blog. Hopefully you will live as long as she, writing daily, and keep us entertained and enlightened for a long time to come!

]]> By: xoc http://dailyreckoning.com/sticking-with-the-basics/#comment-17207 xoc Tue, 04 Aug 2009 00:45:54 +0000 http://dailyreckoning.com/?p=17582#comment-17207 Bringing spending forward isn't exactly zero-sum. Spending now rather than later increases the velocity of money. The consumer dollar goes to the businesses the provide the product, employing people and generating dividends, thus allowing more consumption and contributing to a virtuous cycle of creating value that people can trade. It creates a vibrant economy where finding work is easier so people don't feel like tomorrow will be a rainy day so they better save everything they possible can today. If everyone decides that all borrowing is evil and that they need to save all their disposable income, then the economy seizes up. People lose jobs and become even less inclined to borrow, invest or consume. Eventually, everyone dies either a pauper or with a pile of gold coins under their mattress after living a life of austerity. That's not to say that consumption for consumptions sake is good, or that spending like there is no tomorrow will end well. I'm just trying to say that its not as simple as one slice of pie borrowed today reduces tomorrows pie by exactly one slice. Saving all your pie indefinitely will end in mold and disappointment! Bringing spending forward isn’t exactly zero-sum. Spending now rather than later increases the velocity of money. The consumer dollar goes to the businesses the provide the product, employing people and generating dividends, thus allowing more consumption and contributing to a virtuous cycle of creating value that people can trade. It creates a vibrant economy where finding work is easier so people don’t feel like tomorrow will be a rainy day so they better save everything they possible can today.

If everyone decides that all borrowing is evil and that they need to save all their disposable income, then the economy seizes up. People lose jobs and become even less inclined to borrow, invest or consume. Eventually, everyone dies either a pauper or with a pile of gold coins under their mattress after living a life of austerity.

That’s not to say that consumption for consumptions sake is good, or that spending like there is no tomorrow will end well. I’m just trying to say that its not as simple as one slice of pie borrowed today reduces tomorrows pie by exactly one slice. Saving all your pie indefinitely will end in mold and disappointment!

]]> By: Kurt http://dailyreckoning.com/sticking-with-the-basics/#comment-17206 Kurt Tue, 04 Aug 2009 00:19:47 +0000 http://dailyreckoning.com/?p=17582#comment-17206 It is worth reading Hunky Dory By James Howard Kunstler on August 3, 2009 7:36 AM At kunstler.com It is worth reading

Hunky Dory
By James Howard Kunstler
on August 3, 2009 7:36 AM

At kunstler.com

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