Light at the end of the tunnel. We are starting to buy again.

Discussion in 'Economy' started by Neubarth, Mar 12, 2010.

  1. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    The retail sales numbers 0.3 with autos and 0.8 without (ex-auto) in conjunction to three of the last five months are pointing to a positive. Other than maufacturing going up about four percent in the past half a year, it is the only real positives that we have seen.
     
    • Thank You! Thank You! x 1
  2. mudwhistle
    Offline

    mudwhistle Diamond Member

    Joined:
    Jul 21, 2009
    Messages:
    65,309
    Thanks Received:
    11,936
    Trophy Points:
    2,070
    Location:
    Wetwang With Fimber, Yorkshire
    Ratings:
    +26,257
    Thanks to the fact that Obama policies aren't getting through Congress.
     
  3. mayya555
    Offline

    mayya555 Member

    Joined:
    Feb 16, 2010
    Messages:
    50
    Thanks Received:
    7
    Trophy Points:
    6
    Location:
    Alabama
    Ratings:
    +7
    Finally some good news ;-). I'm tired of this 'oh-it-is-so-bad-that-we'll-all-gonna-die' :p
     
  4. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    All you gotta do is think positive like Obama. The Republicans attack him for his positive can do American Spirit. That shows you who the real patriotic Americans really are. Hint, it is not the damned Republican Conservatives.
     
  5. william the wie
    Offline

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    7,299
    Thanks Received:
    675
    Trophy Points:
    175
    Ratings:
    +1,614
    Not everyone is going to die but there are three intractable problems:

    1) Most of the non-basketcase world except for the US, India, parts of northern Europe, Australia and New Zealand are developing or have developed an inverted age pyramid. That means Germany, Greece and most of the rest of the developed and developing world have more grandparents than grandchildren. Several books have been written about how this problem really screws the pooch so here is a thumbnail sketch.

    While the US is among the least affected nations by this problem that is very far from saying that the US has not been and will not be very seriously affected by the spillover effects of this problem in other countries because we have been and will be affected massively. We can't keep on being the policeman to the world and consumer of the world's products for countries that do not produce their own cops and consumers. Without us providing that service most of Eurasia goes bye-bye and our economy goes down the toilet.

    2) The product life cycle requires periods of creative destruction but with much of the rest of the world committing slow motion auto-genocide that has not been done in more than 20 years. The US economy is seriously overdue for a spring cleaning. That's the fault of Europe and the Far East not the idiots in DC of any political stripe. Postponement makes the clean-up bigger and messier as the trash and junk rots.

    3) An expectations lowering downturn about every 40 years or so is needed to pump the human breeding cycle. (Strauss & Howe wrote a mini-library on how this has worked in the past and sites such as the bio-rational institute supply various theories as to why this works now.) The 2008 meltdown was at least 4 years late and combined with reasons 1&2 we've got a real mess on our hands.

    These problems will resolve themselves and at very worse the US will emerge as second fiddle to India but still the big dog in a lot of areas. In the shortrun the US is hostage to insane policies in Europe and the Far East and no US president is going to change the internal policies of nations thousands of miles away.
     
  6. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    Fact remains that we are the richest country in the world in natural resources (sunshine on open land, rainfall (Hydropower), rich farmland, coal, oil (an estimated thirty percent of the world's reserves), and other mineral resources. Add to that the millions of geniuses in our vast country. We are so rich in genius IQ that we waste them. Amazing wealth that we need to utilize properly. AND to that we have a tremendous workforce that is the most productive in the world as long as they have jobs. Only the best of the best seem to have immigrated to this country to create our fantastic gene pool. Breed Americans! Breed with abandon! Besides that, it feels good to do so.

    Now, we just need an administration that creates jobs for the masses.
     
  7. ☭proletarian☭
    Online

    ☭proletarian☭ Guest

    Ratings:
    +0
    So long as the Keynesian cult continues to control the Fed, nothing the individual does can stop the ultimate collapse of the system.
     
  8. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    Fellow Marxist, (Have I gone that far?) if we can borrow unlimited sums from the FED at no interest, how can that cause a collapse? There is something remiss in your thinking.
     
  9. ☭proletarian☭
    Online

    ☭proletarian☭ Guest

    Ratings:
    +0

    How can you borrow that does not exist?

    I refer to you F.A. Hayek and Ludwig von Mises, who can explain the effects of monetary inflation (printing more money, such as to loan in your example) better than I can.

    mises.org
     
  10. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    You obviously have a serious misunderstanding of the issue. We are not printing more money. There is no need to, It has already been spent. All we are doing is borrowing it from the FED at no interest.

    We don't need to print money. We just need to refinance it better.
     

Share This Page