Comments on: Trying to Revive an Economic Corpse http://dailyreckoning.com/trying-to-revive-an-economic-corpse/ Entertaining Ideas on the Economy, Markets, Gold, Oil and Investing Strategies. Fri, 10 Feb 2012 23:16:51 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Pat http://dailyreckoning.com/trying-to-revive-an-economic-corpse/#comment-234722 Pat Fri, 05 Aug 2011 11:13:22 +0000 http://dailyreckoning.com/?p=21613#comment-234722 American economy looks like the baby after Solomon might have chosen to split it rather than give it to the one who most needed it. The alternate view is that it was given to the person most willing to see it harmed. That was the outcome of the Congressional debt ceiling debate and the agreement that was reached. No nation ever needed term limits more. American economy looks like the baby after Solomon might have chosen to split it rather than give it to the one who most needed it. The alternate view is that it was given to the person most willing to see it harmed.

That was the outcome of the Congressional debt ceiling debate and the agreement that was reached.

No nation ever needed term limits more.

]]> By: Gene Colburn http://dailyreckoning.com/trying-to-revive-an-economic-corpse/#comment-46338 Gene Colburn Tue, 29 Dec 2009 04:03:31 +0000 http://dailyreckoning.com/?p=21613#comment-46338 I can't really figure out what the new fed exit strategy is, but something like debit default swaps. Maybe that will do the trick. I can’t really figure out what the new fed exit strategy is, but something like debit default swaps. Maybe that will do the trick.

]]> By: CommonCents http://dailyreckoning.com/trying-to-revive-an-economic-corpse/#comment-46321 CommonCents Tue, 29 Dec 2009 01:14:53 +0000 http://dailyreckoning.com/?p=21613#comment-46321 Well put once again Bill. What will get us out of this depression? People have told me that WW II got us out of the last depression. I don't agree, I'd say being the only industrial economy left standing got us out of the last depression. I don't see that happening again, looks to me like there has to be a major adjustment period in our society. And if we don't stop making the same mistakes taken in the past we are as philosopher George Santayana said: "Those who cannot remember the past are condemned to repeat it." Well put once again Bill. What will get us out of this depression? People have told me that WW II got us out of the last depression. I don’t agree, I’d say being the only industrial economy left standing got us out of the last depression. I don’t see that happening again, looks to me like there has to be a major adjustment period in our society. And if we don’t stop making the same mistakes taken in the past we are as philosopher George Santayana said: “Those
who cannot remember the past are condemned to repeat it.”

]]> By: deecee http://dailyreckoning.com/trying-to-revive-an-economic-corpse/#comment-46318 deecee Tue, 29 Dec 2009 01:09:45 +0000 http://dailyreckoning.com/?p=21613#comment-46318 In 2004 Japan did not feel like a depression. In 2005 and 2006 Japan did not feel like a depression. By Christmas 2008 and summer 2009, Japan felt like a depression. The men in business suits crying b/c they felt cold sleeping in parks at night. The folks giving up their homes in order to be able to send money to less fortunate relatives. The difficulty in finding work, the older vehicles, housing prices staying depressed, lack of cash, the slow businesses getting slower (or closing), the longer faces. Those things revealed depression. In 2004 Japan did not feel like a depression.

In 2005 and 2006 Japan did not feel like a depression.

By Christmas 2008 and summer 2009, Japan felt like a depression. The men in business suits crying b/c they felt cold sleeping in parks at night. The folks giving up their homes in order to be able to send money to less fortunate relatives. The difficulty in finding work, the older vehicles, housing prices staying depressed, lack of cash, the slow businesses getting slower (or closing), the longer faces. Those things revealed depression.

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