Author Topic: The Third Depression - are we in the early stages? (Read 6810 times)

Soul Crusher · « **Reply #25 on:** December 20, 2011, 01:23:03 PM »

LOL. We are running a deficit of 1.5 trillion dollars and at almost 1005 debt to GDP ration - how much more spending do you want?

arce1988 · « **Reply #26 on:** December 20, 2011, 01:31:33 PM »

going on 16 trillion as I type this...

Soul Crusher · « **Reply #27 on:** December 20, 2011, 01:32:51 PM »

Quote from: arce1988 on December 20, 2011, 01:31:33 PM

going on 16 trillion as I type this...

Krugman is a failed little muppet. If you want the truth - take whatever he says and believe the opposite.

arce1988 · « **Reply #28 on:** December 20, 2011, 01:33:03 PM »

economics...not peace

Natural Man · « **Reply #29 on:** December 20, 2011, 02:36:38 PM »

Quote from: aesthetics on December 20, 2011, 02:43:41 AM

spending on infrastructure is down, real wages are down, tons of wealth has shifted from the middle class to the extremely rich. any of the consumer spending now is either done in speculative investment (i.e. securities, commodities that just drive up the cost of living for the rest of the people when the price of oil, wheat, gold, et cetera becomes over-inflated) or on luxury high end items, which makes sense considering the extremely wealthy were just bailed out recently and are flushed with tax payer cash, leaving the tax payers broke however.

while all of this stuff is in line with what paul krugman wants in a round-about way, though his complaint that it's just not enough of it, as he wants more govt. spending done, regardless if it's paying people to dig holes and refill it with dirt, and while it will in the nominal sense keep the economy "running" in the short term, it is very bad for the long term health of the country as none of these things are productive in any sort of way and will simply shift the problem further down into the future, where it will grow even larger. not to mention resource production and extraction has peaked already, and we're running out of materials to build all this worthless shit we are pissing away to keep the dow-jones industrial average at around ~10k so that bankers can simply get bigger bonuses.

the real truth is that we've been in a recession for the past 30 years and it will continue well into the future as nothing is being done to remedy it, only political theater to mask the real system problems while the oligarchs further plunder and enrich them selves by dismantling america from within. we (i assume most people here are under 30) will be the first of many generations who will be worse off than our parents.

it's not just all of what you said, it's also too many people allowed to immigrate mostly illegaly to the west, too much competition even for the shitiest jobs. All of this promoted by elites to lower salaries and increase their benefits. Multiculturalism has been put in our heads for two decades now just to prepare the white low and middle class to this invasion orchestrated by the elites. The situation is now as follow; the whole third world is flooding our countries, we dont reproduce , and there arent enough jobs or housing for everyone. A selection will have to be made.
Every single human on earth deserves his place, whatever his, her place is.

tbombz · « **Reply #30 on:** December 20, 2011, 02:41:57 PM »

Quote from: uberman on December 20, 2011, 02:36:38 PM

it's not just all of what you said, it's also too many people allowed to immigrate mostly illegaly to the west, too much competition even for the shitiest jobs. All of this promoted by elites to lower salaries and increase their benefits. Multiculturalism has been put in our heads for two decades now just to prepare the white low and middle class to this invasion orchestrated by the elites. The situation is now as follow; the whole third world is flooding our countries, we dont reproduce , and there arent enough jobs or housing for everyone. A selection will have to be made.
Every single human on earth deserves his place, whatever his, her place is.

some lose, some win. were all humans. those immigrants are much better off than they were previously. were a little worse off than we were previously. overall, the general standard of living goes up.

tbombz · « **Reply #31 on:** December 20, 2011, 02:53:12 PM »

globalism, immigration, free trade, etc is/are very good things for the economy.

the only reason i advocate protectionism at the moment is because if all the manufacturing jobs are overseas in countries without a consumer base and our economy tanks those jobs will dissappear because there wont be any consumers to fund them. so not only will we not have jobs but those developing countries wont have them either.

in the long run, on the global stage, competition and free trade benefits everyone. in the short run, certain domestic industries which cant compete on the global stage will suffer. in the long run, the resources and workers that were in those ineffecient industries will move to occupations that are specialized for the location and talent set of region and will maximize production, thereby increasing overall standard of living.

smoothasf · « **Reply #32 on:** December 20, 2011, 03:01:34 PM »

More money more population more needed to be printed interest owed is greater its the way.the monitary system works. There is no recession. My morgage is a third of what it used to be, I earn the same and turnover at work is clean 10 percent growth year on year on year. Get a.fucking.job.com

newmom · « **Reply #33 on:** December 20, 2011, 03:07:47 PM »

I really think it depends on where you live. It isn't easy out there

Natural Man · « **Reply #34 on:** December 20, 2011, 04:02:50 PM »

Quote from: tbombz on December 20, 2011, 02:41:57 PM

some lose, some win. were all humans. those immigrants are much better off than they were previously. were a little worse off than we were previously. overall, the general standard of living goes up.

it has nothing to do with "winning" or "losing". It all has to do with following God, or not.

arce1988 · « **Reply #35 on:** December 20, 2011, 04:03:48 PM »

howardroark · « **Reply #36 on:** December 20, 2011, 04:20:24 PM »

Quote from: arce1988 on December 20, 2011, 01:15:09 PM

krugman = nobel prize

Krugman got the Nobel Prize for his work on international trade theory and he deserved it. Krugman never was and clearly still isn't a good macroeconomist.

deadz · « **Reply #37 on:** December 20, 2011, 04:37:44 PM »

Quote from: arce1988 on December 19, 2011, 04:23:44 PM

http://www.nytimes.com/2010/06/28/opinion/28krugman.html

We are now, I fear, in the early stages of a third depression. It will probably look more like the Long Depression than the much more severe Great Depression. But the cost — to the world economy and, above all, to the millions of lives blighted by the absence of jobs — will nonetheless be immense.

And this third depression will be primarily a failure of policy. Around the world — most recently at last weekend’s deeply discouraging G-20 meeting — governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending.

Only the strongest survive. The weak need to be weeded out somehow.

arce1988 · « **Reply #38 on:** December 20, 2011, 06:11:11 PM »

http://www.brillig.com/debt_clock/

tbombz · « **Reply #39 on:** December 20, 2011, 08:19:50 PM »

Quote from: uberman on December 20, 2011, 04:02:50 PM

it has nothing to do with "winning" or "losing". It all has to do with following God, or not.

i dont see how that is connected to the conversation about economics. if god exists he wants us to love everyone unconditionally, outside of that he doesnt give a fuck.

kawaks · « **Reply #40 on:** December 20, 2011, 08:51:31 PM »

Quote from: arce1988 on December 19, 2011, 04:23:44 PM

http://www.nytimes.com/2010/06/28/opinion/28krugman.html

And this third depression will be primarily a failure of policy. Around the world — most recently at last weekend’s deeply discouraging G-20 meeting — governments are obsessing about inflation when the real threat is deflation, preaching the need for belt-tightening when the real problem is inadequate spending.

The Dow went +300 last night dude, hardly a failure as the xmas feel good rally is amongst us.

Expect stocks to move up for the next 3 weeks before having a rest.

arce1988 · « **Reply #41 on:** December 20, 2011, 10:52:37 PM »

micro...macro...not my point...paul is a genius...

howardroark · « **Reply #42 on:** December 20, 2011, 10:55:41 PM »

Quote from: arce1988 on December 20, 2011, 10:52:37 PM

micro...macro...not my point...paul is a genius...

Paul... Krugman? A genius? What are you smoking? He's completely lost when it comes to macroeconomics. He wouldn't be able to find his own ass with an Indian guide leading the way and flashing arrows showing him where to go. He's lost a lot of credibility among economists ever since he's exposed himself as a partisan hack. He's basically a throwback to the vulgar Keynesians of the 1970s.

Soul Crusher · « **Reply #43 on:** December 21, 2011, 03:19:55 AM »

Quote from: arce1988 on December 20, 2011, 10:52:37 PM

micro...macro...not my point...paul is a genius...

Fng please.

tbombz · « **Reply #44 on:** December 22, 2011, 06:50:59 PM »

Quote from: howardroark on December 20, 2011, 10:55:41 PM

Paul... Krugman? A genius? What are you smoking? He's completely lost when it comes to macroeconomics. He wouldn't be able to find his own ass with an Indian guide leading the way and flashing arrows showing him where to go. He's lost a lot of credibility among economists ever since he's exposed himself as a partisan hack. He's basically a throwback to the vulgar Keynesians of the 1970s.

LOL

aesthetics · « **Reply #45 on:** December 22, 2011, 07:20:24 PM »

krugman is a piece of shit. you know lately he's been advocating a warbased economy for the united states. plus, he's a shitty keynesian economist

arce1988 · « **Reply #46 on:** December 22, 2011, 07:53:36 PM »

ok...continue to think that every thing is aok

Soul Crusher · « **Reply #47 on:** December 22, 2011, 08:05:53 PM »

Quote from: arce1988 on December 22, 2011, 07:53:36 PM

ok...continue to think that every thing is aok

Normalcy bias.

arce1988 · « **Reply #48 on:** December 22, 2011, 08:11:37 PM »

^
Exactly

howardroark · « **Reply #49 on:** December 22, 2011, 08:15:07 PM »

Quote from: arce1988 on December 22, 2011, 07:53:36 PM

ok...continue to think that every thing is aok

Disagreeing with Krugman's idiocy isn't the same as thinking that everything is OK.

Author Topic: The Third Depression - are we in the early stages? (Read 6810 times)

newmom