Comments on: The Good New Days http://dailyreckoning.com/the-good-new-days/ 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: TMS http://dailyreckoning.com/the-good-new-days/#comment-6983 TMS Fri, 01 May 2009 18:56:44 +0000 http://dailyreckoning.com/?p=15301#comment-6983 The reason we can't spend our way out of the recession is that people don't earn enough money anymore. That is the essence of the problem. Its not about interest rates or money creation or 'malinvestment' as the Austrian loons like to say. Its about globalization bringing down wages to the point where the only way consumer spending can be maintained is through debt. This is just the result of competition from cheaper labor markets working its way through the system. The reason we can’t spend our way out of the recession is that people don’t earn enough money anymore. That is the essence of the problem. Its not about interest rates or money creation or ‘malinvestment’ as the Austrian loons like to say. Its about globalization bringing down wages to the point where the only way consumer spending can be maintained is through debt. This is just the result of competition from cheaper labor markets working its way through the system.

]]> By: Sparkie http://dailyreckoning.com/the-good-new-days/#comment-6979 Sparkie Fri, 01 May 2009 16:42:13 +0000 http://dailyreckoning.com/?p=15301#comment-6979 Talk bout Nixon!In 1971, aaah!71. He c's the war in Nam as unwinable,him and his cronnies say behind closed doors. How r we gonna pay 4 this Blunder? Aaah! Take us off the gold standard,#1 and in 73-74 when the war is a wash. Aaah, all of a sudden there's and Oil shortage that came out of nowhere. Is'nt that intresting? Once again,the "simpletons" don't get it, but there gonna get it! There gonna get hit with a decade of stag. as well as inflation never seen b4 in my short life time on this planet. 2 pay 4 the blunders of our politicans! Not 2 say "60K worth of young lives gone 4 good." Act 2, 35 yrs later is about 2 start. Like Bill says were're all doomed! "Yikes, no double Yikes!" Talk bout Nixon!In 1971, aaah!71. He c’s the war in Nam as unwinable,him and his cronnies say behind closed doors. How r we gonna pay 4 this Blunder? Aaah! Take us off the gold standard,#1 and in 73-74 when the war is a wash. Aaah, all of a sudden there’s and Oil shortage that came out of nowhere. Is’nt that intresting? Once again,the “simpletons” don’t get it, but there gonna get it! There gonna get hit with a decade of stag. as well as inflation never seen b4 in my short life time on this planet. 2 pay 4 the blunders of our politicans! Not 2 say “60K worth of young lives gone 4 good.” Act 2, 35 yrs later is about 2 start. Like Bill says were’re all doomed! “Yikes, no double Yikes!”

]]> By: george http://dailyreckoning.com/the-good-new-days/#comment-6974 george Fri, 01 May 2009 16:14:47 +0000 http://dailyreckoning.com/?p=15301#comment-6974 Check out AJPM (affordable jewelery and precious metals - they buy and sell and post their spread Check out AJPM (affordable jewelery and precious metals – they buy and sell and post their spread

]]> By: Mike E http://dailyreckoning.com/the-good-new-days/#comment-6969 Mike E Fri, 01 May 2009 14:56:20 +0000 http://dailyreckoning.com/?p=15301#comment-6969 to: C. Menteer Don't know which one but I've been using Liberty Coin Service out of E. Lansing, MI since 1973 and never had a problem or a doubt about their honesty or capabilities. to: C. Menteer

Don’t know which one but I’ve been using Liberty Coin Service out of E. Lansing, MI since 1973 and never had a problem or a doubt about their honesty or capabilities.

]]> By: tony bonn http://dailyreckoning.com/the-good-new-days/#comment-6929 tony bonn Fri, 01 May 2009 01:26:39 +0000 http://dailyreckoning.com/?p=15301#comment-6929 the biggest problem with the 1957 comparison is that the common measure of economic activity was gnp - not gdp and both figures were calculated differently then than now....talk about apples and organges the biggest problem with the 1957 comparison is that the common measure of economic activity was gnp – not gdp and both figures were calculated differently then than now….talk about apples and organges

]]> By: Ralph http://dailyreckoning.com/the-good-new-days/#comment-6918 Ralph Fri, 01 May 2009 00:06:14 +0000 http://dailyreckoning.com/?p=15301#comment-6918 DD along with Graham Dyer and others has hinted that at some point gold/silver prices will collapse. When and why please? DD along with Graham Dyer and others has hinted that at some point gold/silver prices will collapse. When and why please?

]]> By: Rick Bloodworth http://dailyreckoning.com/the-good-new-days/#comment-6916 Rick Bloodworth Thu, 30 Apr 2009 23:32:37 +0000 http://dailyreckoning.com/?p=15301#comment-6916 Well put. By the way, with all of our Congress and Senate feeding at the trough of future tax-payer income, is it any wonder that we are suffering from an ailment called the Swine Flu? Well put. By the way, with all of our Congress and Senate feeding at the trough of future tax-payer income, is it any wonder that we are suffering from an ailment called the Swine Flu?

]]> By: C. Menteer http://dailyreckoning.com/the-good-new-days/#comment-6911 C. Menteer Thu, 30 Apr 2009 23:14:31 +0000 http://dailyreckoning.com/?p=15301#comment-6911 Bill Boner named the co. he purchased coins from. Who was it? Bill Boner named the co. he purchased coins from. Who was it?

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