Doom and Gloom ???

[MightyMouse 12]

yes - there is the distinct difference between, what is happening, what can be done to fix it, and what is currently being done, and then there is still the question of which is the ugliest girl in the room and do you just leave for another venue, or drink more to make them prettier.(does this make you more or less stupid?)

 

In the US, if you look very closely, and are a business owner, there are numerous benefits that exist and that are being drafted to encourage expansion and to stimulate growth. Benefits are tax credits and breaks, low interest rates, and outright grants depending on your industry. If you are not engaged and continue to sit on your ass and listen to those who would rather see the US fail, then your world will suck no matter how good it is.

 

And, if you can't get credit, or want to continue to do the same thing that you did for the last decades, then your misery is no one's fault but your own. It is just like the markets. If you sit there and pine that your old set up no longer works and you wish it still did, your days in the market are over. Your bones will be picked clean by traders who know how to adapt.

[DbPhoenix 42]

All it requires is brave leadership.

 

And a cooperative Congress.

 

Db

[bobcollett 10]

In the US, if you look very closely, and are a business owner, there are numerous benefits that exist and that are being drafted to encourage expansion and to stimulate growth. Benefits are tax credits and breaks, low interest rates, and outright grants depending on your industry. If you are not engaged and continue to sit on your ass and listen to those who would rather see the US fail, then your world will suck no matter how good it is.

 

And, if you can't get credit, or want to continue to do the same thing that you did for the last decades, then your misery is no one's fault but your own. It is just like the markets. If you sit there and pine that your old set up no longer works and you wish it still did, your days in the market are over. Your bones will be picked clean by traders who know how to adapt.

 

The Holy Grail....... ADAPT.

[johnw 10]

And a cooperative Congress.

 

Db

 

From my observations, obesity has embedded itself into American life and is strangling the Country.

I do not think The Pres can count on a cooperative Congress, since it spells political suicide for many.

That is why I chose the word 'brave' ... he must go it alone and see what support he can muster along the way.

After all, The Pied Piper managed to pull this one off from a standing start ..... mind you he was only dealing with rats.

[SIUYA 11]

In the US, if you look very closely, and are a business owner, there are numerous benefits that exist and that are being drafted to encourage expansion and to stimulate growth. Benefits are tax credits and breaks, low interest rates, and outright grants depending on your industry. If you are not engaged and continue to sit on your ass and listen to those who would rather see the US fail, then your world will suck no matter how good it is.

 

And, if you can't get credit, or want to continue to do the same thing that you did for the last decades, then your misery is no one's fault but your own. It is just like the markets. If you sit there and pine that your old set up no longer works and you wish it still did, your days in the market are over. Your bones will be picked clean by traders who know how to adapt.

 

For the rest of us who dont have that, we just have to drink the cool aid and choose the ugliest girl in the room.

Its too bad those seem to be getting fatter and uglier, binging on the twinkies of debt, and the only thing they can do is say "why am i so fat - i will eat more to cheer myself up" -

I can tell you here in the UK (I cant speak for Europe) but I think its continuing its slow decline into oblivion.

If you believe that the UK has a great legal system and democracy etc, a reason why people persist in investing and supporting it; then WTF is it doing trying to export these to the rest of the world.....it will loose its competitive edge! Then it will have nothing, soon everyone will be speaking Chinglish or Spanglish, and if they get the same institutions watchout.....

by then we will all likely be dead.....so i am choosing to enjoy it while i can

(end crazy rant - too many Friday afternoon snickers (i ran out of blue smarties) but managed to actually get some MFGlobal money back this week - slightly strange that i dont feel more up beat about it)

Have a good weekend all....and go the wallabies against England - now that could be a game of two uglies.

[johnw 10]

Have a good weekend all....and go the wallabies against England - now that could be a game of two uglies.

 

Why oh why did you get sucked in by the Kiwis and pick up Robbie Deans as coach.... he is an All Black cast-off.

You have all gone soft ever since China started paying full market price for all your minerals

 

Please shake the dust off 'The Little Aussie Battler' .. we all miss him.

請搖小澳元的戰鬥者“的灰塵......我們都會想念他的。

[DbPhoenix 42]

From my observations, obesity has embedded itself into American life and is strangling the Country.

 

Unfortunately, it's not America alone. The English, the Germans, and the once-Soviets (outside the Bolshoi) are not well-known for being lithe, and other cultures -- including Eastern -- are quickly catching up.

 

Ever see Wall-E?

 

Db

[johnw 10]

Unfortunately, it's not America alone. The English, the Germans, and the once-Soviets (outside the Bolshoi) are not well-known for being lithe, and other cultures -- including Eastern -- are quickly catching up.

Ever see Wall-E?

Db

 

I agree.

I was not picking on the US but it happens to have a two term Presidential limit, unlike some other Countries, and since Pres O has a four year self life, it seems reasonable to me for him to push medicare into the roots of the problem ... which is healthcare ... and the obvious pointy end of healthcare is obesity.

 

Any Leader who can successfully turn this problem around is going to give their Country an edge.

[DbPhoenix 42]

I agree.

I was not picking on the US but it happens to have a two term Presidential limit, unlike some other Countries, and since Pres O has a four year self life, it seems reasonable to me for him to push medicare into the roots of the problem ... which is healthcare ... and the obvious pointy end of healthcare is obesity.

 

Any Leader who can successfully turn this problem around is going to give their Country an edge.

 

Eventually it will become self-evident, though who knows how long eventually will take.

 

Equally useful would be means-testing for Social Security. Why are the wealthy collecting Social Security checks?

 

Db

[zdo 20]

150 Seconds Of "You Can't Handle The European Truth" From Kyle Bass | ZeroHedge

[johnw 10]

....................................................

Equally useful would be means-testing for Social Security. Why are the wealthy collecting Social Security checks?

 

Db

 

 

Probably because they pay the most tax.

 

This could be changed simply by means testing social security which is a heck of a lot easier than leading unhealthy people out of the wilderness.

[DbPhoenix 42]

Probably because they pay the most tax.

 

In the U.S.? Not necessarily.

 

But that's a subject for another time and another place.

 

Db

[zdo 20]

only 36 posts in a Doom and Bloom thread?

and a bunch of them are about i-ntitlemnts...

in this forum, we are way too optimistic

 

http://sibileau.com/martin/2012/11/22/anatomy-of-the-end-game/

Hey, at least this guy cops to his 'assumptions'

[zdo 20]

...not that I was discounting 'i-ntitlements'

Why $16 Trillion Only Hints at the True U.S. Debt - Yahoo! Finance

 

No posts in this thread are doomy enough - cmon ppl :rofl:

12/__/12 is coming up fast!

[Colonel B 10]

I can't believe it but I mostly agree with the flying rat on this one. I guess politics make strange bed fellows. I think 3 or 4 solid semesters of Econ would clear up most of the arguments. The fact is that the government can spend and tax like this forever with out making any major changes. The problem is it would take about 15-25 years to level out. As far as the Greece and Spain thing that is turning out to be the biggest turning point in history for them. The biggest POSITIVE that is. Once these countries come into the 21s century they are poised to become powerhouses. Isn't that bad for America? NO not at all. It means even more cheep goods. Seriously, no one took econ when they went to college?

 

I understand why people think and believe the way that they do. Its because the only sources of information available are ones that use logic and simplicity to explain outcomes of complex problems. I am not going to argue with the fact that the way the media makes it sound is not logical or factual. Just like its logical and simple to widen a busy road to release traffic congestion. The same forces and thinking are at work here. Econ Macro 1010 has the Law of Unintended Consequences and Comparative advantages in macro economies. Every one talks about stats but no one talks about the science behind money. Oh well I guess stats makes every english/art/history major a market pro.

[zdo 20]

7) Iran (and the whole region for that matter)... there will be a war, i'm sure of it. and it's not a healthy war! it is sick actually. US' external policies are always just vomitingly sick!...

 

FutureMoneyTrends.com/TheEnd

[ame=http://www.youtube.com/watch?v=wJdgudIUHzs]The Day the World Ended - WW3 Simulation - YouTube[/ame]

 

dotdotdot

[zdo 20]

This was just too soft and politically current for Dume so…

Articles: Millionaires, Billionaires, and Teachers

[Tams 20]

By Anonymous:

 

“Fiscal Cliff” put in a much better perspective.

 

Lesson # 1:

 

* U.S. Tax revenue: $2,170,000,000,000

* Fed budget: $3,820,000,000,000

* New debt: $ 1,650,000,000,000

* National debt: $14,271,000,000,000

* Recent budget cuts: $ 38,500,000,000

 

Let's now remove 8 zeros and pretend it's a household budget:

 

* Annual family income: $21,700

* Money the family spent: $38,200

* New debt on the credit card: $16,500

* Outstanding balance on the credit card: $142,710

* Total budget cuts so far: $38.50

 

Got It ??.......OK now,

 

Lesson # 2:

 

Here's another way to look at the Debt Ceiling:

 

Let's say, You come home from work and find

there has been a sewer backup in your neighborhood....

and your home has sewage all the way up to your ceilings.

What do you think you should do ......

 

Raise the ceilings, or remove the shit?

[bobcollett 10]

By Anonymous:

 

“Fiscal Cliff” put in a much better perspective.

 

Lesson # 1:

 

* U.S. Tax revenue: $2,170,000,000,000

* Fed budget: $3,820,000,000,000

* New debt: $ 1,650,000,000,000

* National debt: $14,271,000,000,000

* Recent budget cuts: $ 38,500,000,000

 

Let's now remove 8 zeros and pretend it's a household budget:

 

* Annual family income: $21,700

* Money the family spent: $38,200

* New debt on the credit card: $16,500

* Outstanding balance on the credit card: $142,710

* Total budget cuts so far: $38.50

 

Got It ??.......OK now,

 

Lesson # 2:

 

Here's another way to look at the Debt Ceiling:

 

Let's say, You come home from work and find

there has been a sewer backup in your neighborhood....

and your home has sewage all the way up to your ceilings.

What do you think you should do ......

 

Raise the ceilings, or remove the shit?

 

Well done Tams,

Your analogy should be posted on the front page of every US newspaper.

But then I guess it wont help because 51% of the population (the democrats ) cant read.

In the mean time, my market , the South African Top 40 has fallen for 4 days , when it usually goes up the last few days of the year.

kind regards

bobc

[zdo 20]

The compiler admits this is not a comprehensive or even representative list of economic ‘crises’ ‘collapses’, etc. It is a list of more obscure crises that were “interesting” to him at the time…

Note how localized most of these were…

to date, at least...

We are now living through the first genuine fully globalized debt and fake money crisis …

10 Fascinating Economic Collapses Through History - Listverse

[Tams 20]

Buffett: U.S. debt on its own ‘not a problem’

Billionaire says deficit a lower percent of GDP than after World War II

 

Buffett: U.S. debt on its own ?not a problem? - MarketWatch

 

The nation’s debt is “a lower percent of GDP [gross domestic product] than it was when we came out of World War II. You’ve got to think about it in relation to GDP,” added Buffett, a vocal advocate for increased taxes on the nation’s wealthiest, a stance he alluded to in the broadcast.

[zdo 20]

U.S. debt on its own ‘not a problem’

 

.

 

[ame=http://www.youtube.com/watch?v=3o8o7Vg49Rc&feature=player_embedded]Joseph E. Stiglitz: Crisis, Contagion, and the Need for a New Paradigm - YouTube[/ame]

[BlueHorseshoe 10]

 

The nation’s debt is “a lower percent of GDP [gross domestic product] than it was when we came out of World War II. You’ve got to think about it in relation to GDP,”

 

I don't normally contribute to threads like this because I am no economist but . . . We haven't just come out of a World War, have we, so how might the two scenarios be even remotely comparable?

 

BlueHorseshoe

[bj139 10]

I don't normally contribute to threads like this because I am no economist but . . . We haven't just come out of a World War, have we, so how might the two scenarios be even remotely comparable?

 

BlueHorseshoe

 

I think the definition of a world war is when more than 2 countries are at war. Iraq and Afghanistan come to mind.

 

I can see Buffet's assertion that it is not comparable to a household budget; unless the household has a printing press in their basement. Then it is about the same.

 

The household cannot default so the only downside comes from excessive money printing. Taking value slowly from savers is an acceptable form of stealing.

[SIUYA 11]

dont know exactly who these guys are (they do more than just a news letter and magazine) but as a friendly reminder for the UK....they have a doom and gloom report for the UK.....I dont think they are far off the mark.

Worth just listening to to help cheer you up! (its a bugger you cant pause it)

 

*The End of Britain

 

At the end they will offer you a subscription - so let me summarise it for you - the UK has too much debt, and the government will eventually implode and confiscate your money,.

Edited February 19, 2013 by SIUYA