Comments on: The Eternal Depression http://dailyreckoning.com/the-eternal-depression/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Fri, 10 Feb 2012 18:49:19 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Lost & Found http://dailyreckoning.com/the-eternal-depression/#comment-30679 Lost & Found Fri, 09 Oct 2009 09:37:23 +0000 http://dailyreckoning.com/?p=18879#comment-30679 To be more concrete with "billions" I meant billions of Euros not billions of people of course. To be more concrete with “billions” I meant billions of Euros not billions of people of course.

]]> By: Lost & Found http://dailyreckoning.com/the-eternal-depression/#comment-30678 Lost & Found Fri, 09 Oct 2009 09:34:47 +0000 http://dailyreckoning.com/?p=18879#comment-30678 CommonCents, the whole Alcoa thing gets even more ridiculous when you know that with Kleinfeld they hired a guy who was more or less short of going to prison in Germany for helping to organize the corruption activities in the most corrupt economic entity of all times in Germany, Siemens. Siemens corrupted and bribed people and clients in the billions under his leadership and was in fact not much more than a huge criminal organization. We will see how and if Alcoa stands when he takes his next parashoot. CommonCents, the whole Alcoa thing gets even more ridiculous when you know that with Kleinfeld they hired a guy who was more or less short of going to prison in Germany for helping to organize the corruption activities in the most corrupt economic entity of all times in Germany, Siemens. Siemens corrupted and bribed people and clients in the billions under his leadership and was in fact not much more than a huge criminal organization. We will see how and if Alcoa stands when he takes his next parashoot.

]]> By: Bloomer http://dailyreckoning.com/the-eternal-depression/#comment-30644 Bloomer Fri, 09 Oct 2009 05:03:45 +0000 http://dailyreckoning.com/?p=18879#comment-30644 Welcome back Harry. Always nice to see a eternal optimist. Someone has to be on the other side of the trade. Welcome back Harry. Always nice to see a eternal optimist. Someone has to be on the other side of the trade.

]]> By: ArmyWifeScientist http://dailyreckoning.com/the-eternal-depression/#comment-30598 ArmyWifeScientist Fri, 09 Oct 2009 00:17:53 +0000 http://dailyreckoning.com/?p=18879#comment-30598 Froggy, I totally agree with you. I think the only way out of the mortage/debt mess for most Americans will be for the Fed to inflate their way out of it. Froggy,
I totally agree with you. I think the only way out of the mortage/debt mess for most Americans will be for the Fed to inflate their way out of it.

]]> By: CommonCents sie http://dailyreckoning.com/the-eternal-depression/#comment-30510 CommonCents sie Thu, 08 Oct 2009 11:52:08 +0000 http://dailyreckoning.com/?p=18879#comment-30510 Harry, once again, what planet are you from? Alcoa has gone from over 97k employees to 61k. They operate in 31 different countries. Main use of aluminum is in automobile manufacturing. Therefore this company, now days, has little impact on the US economy. I agree the recession is over as the Depression has begun. Harry, once again, what planet are you from? Alcoa has gone from over 97k employees to 61k. They operate in 31 different countries. Main use of aluminum is in automobile manufacturing. Therefore this company, now days, has little impact on the US economy.

I agree the recession is over as the Depression has begun.

]]> By: Sailor http://dailyreckoning.com/the-eternal-depression/#comment-30500 Sailor Thu, 08 Oct 2009 10:54:59 +0000 http://dailyreckoning.com/?p=18879#comment-30500 Everything drop as last pull back soon. Because the market is running on Big lies since March. "people will believe a big lie sooner than a little one; and if you repeat it frequently enough people will sooner or later believe it." Hitler's propaganda technique Everything drop as last pull back soon.
Because the market is running on Big lies since March.
“people will believe a big lie sooner than a little one; and if you repeat it frequently enough people will sooner or later believe it.”
Hitler’s propaganda technique

]]> By: Froggy http://dailyreckoning.com/the-eternal-depression/#comment-30471 Froggy Thu, 08 Oct 2009 07:32:54 +0000 http://dailyreckoning.com/?p=18879#comment-30471 Could america inflate their way out of debt-this appears to me the reasoning behind the fed's actions 1)Print enough dollars so the debt burden is relieved and the toxic debt situation does not blow up 2)Everything get's more expensive but your debt stays manageable 3)Genaral population will probably not take drastic action although they slowly would get poorer 4)Make false promises to other countries that hold dollar forex and threaten them if they step out of line in a way that can drastically effect the dollar This could explain the rise in equities and why there might not be a w corrction to the market, the last bit of the W correction is happening but smoothed out by inflation. Any fiews on this? Could america inflate their way out of debt-this appears to me the reasoning behind the fed’s actions
1)Print enough dollars so the debt burden is relieved and the toxic debt situation does not blow up
2)Everything get’s more expensive but your debt stays manageable
3)Genaral population will probably not take drastic action although they slowly would get poorer
4)Make false promises to other countries that hold dollar forex and threaten them if they step out of line in a way that can drastically effect the dollar

This could explain the rise in equities and why there might not be a w corrction to the market, the last bit of the W correction is happening but smoothed out by inflation.

Any fiews on this?

]]> By: Harry http://dailyreckoning.com/the-eternal-depression/#comment-30457 Harry Thu, 08 Oct 2009 05:31:30 +0000 http://dailyreckoning.com/?p=18879#comment-30457 Gosh I feel so depressed I think I'll go wait for a parking spot at the very packed mall to buy something to cheer myself up. Get over it! Alcoa turned a profit. Retail sales look much, much better. Depression is naive fear mongering. Recession is over. Please, just get over it. Gosh I feel so depressed I think I’ll go wait for a parking spot at the very packed mall to buy something to cheer myself up.

Get over it! Alcoa turned a profit. Retail sales look much, much better. Depression is naive fear mongering. Recession is over. Please, just get over it.

]]> By: Mitch Gurney http://dailyreckoning.com/the-eternal-depression/#comment-30448 Mitch Gurney Thu, 08 Oct 2009 04:48:09 +0000 http://dailyreckoning.com/?p=18879#comment-30448 Jason: There is nothing new here. Obama is an opportunist like any other candidate that has run for office be it President or Congress over the last 30 plus years, perhaps even longer. They are allowed into the political playground by agreeing to the rules established by the wealthy and powerful interest and get elected by promising any thing an ill-informed electorate wants to hear and once elected they are allowed to stay in the game for as long as they abide by the rules. The rules and the promises are never in alignment therefore neither are their actions and their promises and haven’t been for a very long time but the vast majority of the electorate never figures this it out or even notices. This is dysfunctional but effective politics in that it serves the few over the many. Jason: There is nothing new here. Obama is an opportunist like any other candidate that has run for office be it President or Congress over the last 30 plus years, perhaps even longer. They are allowed into the political playground by agreeing to the rules established by the wealthy and powerful interest and get elected by promising any thing an ill-informed electorate wants to hear and once elected they are allowed to stay in the game for as long as they abide by the rules. The rules and the promises are never in alignment therefore neither are their actions and their promises and haven’t been for a very long time but the vast majority of the electorate never figures this it out or even notices. This is dysfunctional but effective politics in that it serves the few over the many.

]]> By: jason http://dailyreckoning.com/the-eternal-depression/#comment-30443 jason Thu, 08 Oct 2009 03:56:58 +0000 http://dailyreckoning.com/?p=18879#comment-30443 Barry, Obama's actions haven't been anything like his promises...I think that Obama is Bush-lite, and that he is mainly an opportunist who will say anything to get elected. Barry, Obama’s actions haven’t been anything like his promises…I think that Obama is Bush-lite, and that he is mainly an opportunist who will say anything to get elected.

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