Midnightrider wrote on 09/09/12 at 19:33:49:



The coolest thing about that was also these 2-3 factors. If interest was 16.5, guess what houses would be cheaper. The loose $$$ is what drives up costs. The second thing is, paying off double payments etc really really is a huge advantage. And best of all, inflation being around that 16% really helps cos your wages adjust (atleast a little like 8-9%, I knew of people who were so mad they only got a 10% raise they would quit. 2-3 of them do that and the whole company has to re evaluvate their compensation package. You could get a few raises and soon enough your house payments look smaller and smaller in comparison.
The fed also can stimulate the economy and still get a return - they lower a 15% to 14% and its like the flood gates open. Fed cant do jack about deflation. They are even less effective against deflation of durable goods, and inflation of consumables. Exactly what we have. Only option is to let china burn itself out, safe guard our labor and talent pool (as in invest in schools, and workers benefits) and when china stops buying our bonds we simply print $ and use it to buy and run our economy. The first real step out of this mess is going to come on the back of china. Its fine, they sent us to this hole, they can be the stepping stone out of it.

Oddly, - really oddly cos Bain Capital sent tons of jobs to china - Obama knows this better than Romney does. Or maybe the fact that he wants to get elected so bad he'd even remove his brain and install a loud speaker in its place tuned to the Rush radio netwok ...

Cool.
Srinath.

WebsterMark wrote on 09/10/12 at 04:18:41:



Trust me when I say we need a beak from you, this country needs a break from people like you.

Midnightrider wrote on 09/10/12 at 12:13:34:


Darn tootin we do  

Seriously a country should not ever be run like a for profit corporation. It should not even be run like a modern non profit organisation.
Cool.
Srinath.

  For one, the government is not a business, it is a service. It will have ups and downs in deficit that move with the nations economy, it is not a for profit enity.. It should act with a responsibility to the people, and it should also have a responsibility to be always strive to be solvent. What it should not have is political pandering, corporate pandering, and corruption.. No one group should influence the service to the people...

Going back to Web saying the rich should have to pay taxes, I just found out about a five story building in the Cayman Islands that is home to 18,000 American based corporations. I not allowed to say what I really think right now, but who is Web trying to kid