Comments on: What Goes Up…

By: Pete

Pete — Wed, 19 Aug 2009 08:45:00 +0000

>People will move. They will move to new areas

Why? and Where To?

As you say, the suburbs appeared because of cheap, efficient transportation. Unless that disappears, suburbs are here to stay. And it won’t disappear – although it might change (more trains, all-electric cars etc.).
I don’t believe that everyone’s going to move to the cities (not enough room) or become subsistence farmers, or build new towns and cities on greenfield sites. They’ll just stay in the suburbs and get on with their lives.

By: Lost & Found

Lost & Found — Tue, 18 Aug 2009 17:48:25 +0000

Hey Vic, just the opposite, but as useless as an amen corner is an amen corner mixed with apologetic “science”.

By: bktoland

bktoland — Tue, 18 Aug 2009 15:42:58 +0000

Bill I am a huge fan of yours bought your books read your blog and normally never comment but I need to share something that just happened. I just received a letter from the United Central Bank. My wife and I had Cds at Mutual bank at 5.5% This letter states that the united central bank is changing our rate to 2.9% in the middle of the term. Is’nt the point of a bank CD over a brokerage CD is to not be called. Talk about certificates of confiscation!! How much more will they do to push people into riskier investments.

By: Victor Blutoski

Victor Blutoski — Tue, 18 Aug 2009 14:14:06 +0000

Lost & Found, if it’s an amen corner you want then there are plenty of sites for that. Most of us like this sort of variety for our informational intake.

By: Lost & Found

Lost & Found — Tue, 18 Aug 2009 12:15:48 +0000

I would have more trust in Bill Bonner’s musings if he was basing his insights merely on the Austrians than on people like Kunstler and Lessinger.

By: JMR bayou bobby

JMR bayou bobby — Tue, 18 Aug 2009 08:58:20 +0000

I had the pleasure of meeting and interviewing Dr. Jack in 1993. His book “Penturbia” was just out and he was kind enough to sign a copy for me.

He is a thoughtful man who views history through an absorbing lens.Much of his work, a prodigious body, is leveraged to his view of history. And well it should be, though this is also true of Bernanke.

While I would not disagree with Dr. Jack’s view of a great prosperity in 2020, I will simply call to your attention that he no doubt couched same in careful terms. If~then statements and all that.

I am resigned to rooting for his call of 2020. It would mean a lost decade not unlike Japan. Of course, this similarity gives me pause as to the effect it may have had on Dr. Jack’s date. It may also be optimistic (tongue securely in cheek).

By: Dennis (EU)

Dennis (EU) — Tue, 18 Aug 2009 07:35:41 +0000

Everywhere the same story: entrepreneurs and businesses trying to take out as much as they can from the Governments. Treasuries worldwide will go so terribly broke, unprecedented.
So get out of the cities, grow your own food and be protected before 2011.
More or less agree about 2020…the world gets a new chance about then…like young trees growing again everywhere in a burned wood, and make all green again…

By: Bloomer

Bloomer — Tue, 18 Aug 2009 05:11:02 +0000

That big McMansion in the burbs is soon becoming the albatross around the neck of Joe Sixpack. In tight labour markets, one has to be mobile in order to go where the work is. Hard to do when one is upside down on their mortgage.
Yet, many will flee their suburban palaces, and start a new life in the city. As the cities start to swell with it’s new inhabitants, the burbs will decay, and turn to dust, just like them old gold rush towns.

By: CommonCents

CommonCents — Tue, 18 Aug 2009 01:32:57 +0000

I’d say it is more like they are eating the seed corn, not spending it.

By: okieinmd

okieinmd — Mon, 17 Aug 2009 22:26:09 +0000

In reality, drunken sailors spend their own money, not money that belongs to other people. Our congress critters, aka commoditised temple monkeys, are busy spending our seed corn which means we won’t have anything left to “grow” the next crop.