Is The United States Bankrupt? The St Louis Fed Reserve Says Yes

Discussion in 'Economy' started by Paulie, Jan 19, 2008.

  1. Paulie
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    Paulie Platinum Member

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    http://research.stlouisfed.org/publications/review/06/07/Kotlikoff.pdf

    Way more at the link. Hope you got Adobe Acrobat.

    I don't personally agree with those 3 points there at the end, but I'm certainly interested in the fact that an actual Federal Reserve Bank would endorse a message like this and let it go public.
     
  2. Paulie
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    Paulie Platinum Member

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    Ironically, the St. Louis Fed President was the lone dissenting voice on this 3/4 point rate cut.

    More inflation.
     
  3. AllieBaba
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    AllieBaba BANNED

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    Depression and stock market downward spirals are generally caused by panic.

    Thanks for doing your part, Pauly.
     
  4. Paulie
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    Paulie Platinum Member

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    Fuck you baba. The whole fucking WORLD is panicking right now, in case you haven't noticed.

    We should just always be chipper and joyful, while we watch the economy crumble around us and sing Kumbaya in the hopes and dreams that because this is America, we're bulletproof?

    Get the fuck out of here. Unless you have something worthwhile to talk about economically, you're presence in a thread like this is a waste of bandwidth.
     
  5. AllieBaba
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    AllieBaba BANNED

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    You've been panicking since you were born. YOu've been vocal about it on here, and it's just that sort of "Oh my god the sky is going to fall...sooon...sooooon...ooooohhhhh nooooooo" that leads to market crashes.

    Do a little research, nancy boy.
     
  6. Paulie
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    Paulie Platinum Member

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    I've done research. And you know what, bitch? Recessions can HAPPEN! Oh my god, thats right, recessions HAPPEN! What a fucking epiphany!

    The economy is falling, and I'm worried. I'm not saying it's going to be hell on earth, I'm justifiably worried about the near term state of the economy.

    Why do you even bother getting involved in the conversation is you don't have anything knowledgable to add?
     
  7. AllieBaba
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    AllieBaba BANNED

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    Yes, they happen when people panic. I certainly never said they didn't happen. That's just your panic clouding your perception.
     

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