Comments on: The Consumer Has Dug in His Heels http://dailyreckoning.com/the-consumer-has-dug-in-his-heels/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Mon, 22 Mar 2010 08:43:00 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: looking for irony http://dailyreckoning.com/the-consumer-has-dug-in-his-heels/#comment-19843 looking for irony Fri, 21 Aug 2009 13:48:09 +0000 http://dailyreckoning.com/?p=17828#comment-19843 Isn't the latest klunker news interesting... GM and Chrysler are advancing money to their dealers to cover their outstanding deals... And since the government owns a large portion of both companies, it will create an odd government transaction... the treasury klunker department will be writing checks to the treasury department in charge of advancing money to GM and Chrysler... The government is now in the business of SELF STIMULATON!!! Isn’t the latest klunker news interesting… GM and Chrysler are advancing money to their dealers to cover their outstanding deals… And since the government owns a large portion of both companies, it will create an odd government transaction… the treasury klunker department will be writing checks to the treasury department in charge of advancing money to GM and Chrysler… The government is now in the business of SELF STIMULATON!!!

]]> By: 21stCenturyTerminus http://dailyreckoning.com/the-consumer-has-dug-in-his-heels/#comment-19817 21stCenturyTerminus Fri, 21 Aug 2009 10:06:34 +0000 http://dailyreckoning.com/?p=17828#comment-19817 I like the female impersonator simile, but these guys running the economy are good ol' confidence tricksters. Yep, been doing it since the West was won and they used to sell snake oil...same shysters, same trick...just exaggerated for a bigger market. Dig in and dig deep....this one is going to run and run.. What they DO realise, but don't let on, is that material wealth means jack nowadays. The thing that is way off the agenda for economists is resource depletion and food security..any admission of those issues by economists = game over. Our main concern now should be ensuring social cohesion and community building...Unfortunately, the Big Guys with their still HUGE bonuses are pulling up the ladder so no one else can get in to their (fiscally) gated communitty.. I like the female impersonator simile, but these guys running the economy are good ol’ confidence tricksters. Yep, been doing it since the West was won and they used to sell snake oil…same shysters, same trick…just exaggerated for a bigger market. Dig in and dig deep….this one is going to run and run..
What they DO realise, but don’t let on, is that material wealth means jack nowadays. The thing that is way off the agenda for economists is resource depletion and food security..any admission of those issues by economists = game over.
Our main concern now should be ensuring social cohesion and community building…Unfortunately, the Big Guys with their still HUGE bonuses are pulling up the ladder so no one else can get in to their (fiscally) gated communitty..

]]> By: Pat Donnelly http://dailyreckoning.com/the-consumer-has-dug-in-his-heels/#comment-19787 Pat Donnelly Fri, 21 Aug 2009 06:24:51 +0000 http://dailyreckoning.com/?p=17828#comment-19787 Bill Spot on as ever! I have been reading your free stuff for close on a decade. But you must have gotten tired telling us that other commentators are lying to us. Because that is the only was they know how to make money. And if they did not, their employer would find someone who did. I'd be very interested in your take on Australia where the depression is very slow to show itself. Weird. Have fun en France! Bill Spot on as ever! I have been reading your free stuff for close on a decade. But you must have gotten tired telling us that other commentators are lying to us. Because that is the only was they know how to make money. And if they did not, their employer would find someone who did. I’d be very interested in your take on Australia where the depression is very slow to show itself. Weird. Have fun en France!

]]> By: Joe Anthony Ocho Jr. http://dailyreckoning.com/the-consumer-has-dug-in-his-heels/#comment-19262 Joe Anthony Ocho Jr. Tue, 18 Aug 2009 19:19:41 +0000 http://dailyreckoning.com/?p=17828#comment-19262 Hey, Bill, When are you going to put your TERRIFIC ECONOMIC ANALYSIS COLUMN on my Facebook page. You have information here that ALL of my Friends need to know! SO far, you have been right on. My facebook name is Joe Anthony Ocho Jr. I have tried to find you there so I could send you an invitation but Was unable to do so. Hey, Bill,
When are you going to put your TERRIFIC ECONOMIC ANALYSIS COLUMN on my Facebook page.
You have information here that ALL of my Friends need to know!
SO far, you have been right on.

My facebook name is Joe Anthony Ocho Jr.

I have tried to find you there so I could send you an invitation but Was unable to do so.

]]> By: Lost & Found http://dailyreckoning.com/the-consumer-has-dug-in-his-heels/#comment-19206 Lost & Found Tue, 18 Aug 2009 11:27:06 +0000 http://dailyreckoning.com/?p=17828#comment-19206 Think about how a female impersonator is going to reproduce. That will lead you to what is coming. Think about how a female impersonator is going to reproduce. That will lead you to what is coming.

]]> By: Kurt http://dailyreckoning.com/the-consumer-has-dug-in-his-heels/#comment-19122 Kurt Mon, 17 Aug 2009 22:03:01 +0000 http://dailyreckoning.com/?p=17828#comment-19122 I must say, this is one of your best articles. At this point we have the biggest structural problem in our economy that no one has any idea or the means to correct it. The solution is we must produce what we consume, as was the case in 1950s and 60s. There is no short term solution. It took us 30 years to bring the economy where it is today. All they want is to delay the inevitable. By the way, I always wandered about these so called economists. I would say they are a disgrace to an already disgraced profession. Too bad, we shipped the wrong jobs to China. I must say, this is one of your best articles.

At this point we have the biggest structural problem in our economy that no one has any idea or the means to correct it. The solution is we must produce what we consume, as was the case in 1950s and 60s. There is no short term solution. It took us 30 years to bring the economy where it is today. All they want is to delay the inevitable.

By the way, I always wandered about these so called economists. I would say they are a disgrace to an already disgraced profession. Too bad, we shipped the wrong jobs to China.

]]> By: i.knoknot http://dailyreckoning.com/the-consumer-has-dug-in-his-heels/#comment-18968 i.knoknot Sun, 16 Aug 2009 19:15:26 +0000 http://dailyreckoning.com/?p=17828#comment-18968 gotta love the fake woman analogy... It holds up in more ways than you indicate: If you think you're gonna get 'something' after the dinner date, not gonna happen - it can't. In fact, more than likely, you'll get something quite different from the other direction if you bend over to pick up that penny on the floor. (trying to keep it clean... :^) tnx, --ikk gotta love the fake woman analogy…

It holds up in more ways than you indicate: If you think you’re gonna get ’something’ after the dinner date, not gonna happen – it can’t. In fact, more than likely, you’ll get something quite different from the other direction if you bend over to pick up that penny on the floor.

(trying to keep it clean… :^)

tnx,

–ikk

]]> By: oldbill http://dailyreckoning.com/the-consumer-has-dug-in-his-heels/#comment-18935 oldbill Sun, 16 Aug 2009 14:46:38 +0000 http://dailyreckoning.com/?p=17828#comment-18935 We don't know about everyone else. We were running scared in 1984. Income was at peak, and so was debt. We stopped borrowing and paying things back. We owed two years gross pay. It took six years, until 1990, to get completely out of debt. It has been a pleasure ever since. But what will those who owe three or four years gross income (like the US Government) do? Borrowing obviously still looks more appealing than the alternatives. We don’t know about everyone else. We were running scared in 1984. Income was at peak, and so was debt. We stopped borrowing and paying things back. We owed two years gross pay. It took six years, until 1990, to get completely out of debt. It has been a pleasure ever since. But what will those who owe three or four years gross income (like the US Government) do? Borrowing obviously still looks more appealing than the alternatives.

]]> By: Toru http://dailyreckoning.com/the-consumer-has-dug-in-his-heels/#comment-18915 Toru Sun, 16 Aug 2009 08:56:28 +0000 http://dailyreckoning.com/?p=17828#comment-18915 Very sad . Very sad . I wept and cried . But I shot the diamond and realized ' We can print more money ! ' . Very sad .
Very sad .

I wept and cried .

But I shot the diamond and realized

‘ We can print more money ! ‘ .

]]> By: alexander http://dailyreckoning.com/the-consumer-has-dug-in-his-heels/#comment-18871 alexander Sat, 15 Aug 2009 21:19:03 +0000 http://dailyreckoning.com/?p=17828#comment-18871 Bill Don't focus on the DOW, but on the S&P. The rally in the S&P since March has been more impresive than the one in 1930. I think the ultimate decline will be as "impressive" or more than in 30s... The "system" is totally kaput. It will inevitably self-destruct. I just hope their won't be major wars... Bill

Don’t focus on the DOW, but on the S&P.

The rally in the S&P since March has been more impresive than the one in 1930.

I think the ultimate decline will be as “impressive” or more than in 30s…

The “system” is totally kaput. It will inevitably self-destruct.

I just hope their won’t be major wars…

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