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Originally posted by DaRAGE
here we go blah blah blah blah.
economy going down again, recession, blah.
LEts see...
Originally posted by uberarcanist
iawtc. just another chicken little that this forum is depressingly full of. he doesn't even make a half-decent excuse for non-citation of his sources (one can't cite what doesn't exist).
There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.
You have to give the consumer some credit. No, seriously, you have to because that's apparently how they're paying their bills.
So consumers "showed resilience" by borrowing at the fastest pace in four months... while the economy grew at its slowest pace in four years? Huh? We don't think this is resilience at all. It's desperation
Perhaps revolving credit is soaring because of high energy prices. Unable or unwilling to extract mortgage equity, but still needing to meet mortgage obligations, rising food prices, and rising gasoline prices, consumers simply said "Charge-It".
“In a bull market and particularly in booms the public at first makes money which it later loses simply by overstaying the bull market…The big money in booms is always made first by the public-on paper. And it remains on paper.” – Edwin Lefèvre, Reminiscences of a Stock Operator. 1923
Originally posted by cpdaman
The Federal Reserve's report, released Monday, showed consumer credit increased at a swift annual rate of 6.7 percent in March. That marked a rise from February's 2.8 percent growth rate and was the biggest increase since November
Originally posted by cpdaman
Use of revolving credit, primarily credit cards, rose at a the hot pace of 9.2 percent in March. That was up from a 2.9 percent growth rate in February and was the biggest increase since November.
Originally posted by cpdaman
as ludwig von mises stated and any economist will know
Expansion of free markets, the division of labor, and private capital investment is the only possible path to the prosperity and flourishing of the human race---Von Mises
The amount of (pessimistic) nonsense that is written about the U.S. economy is truly extraordinary. The usual rap is that the U.S. is borrowing its way into oblivion--and eventually we are going to get our come-uppance when the dollar plunges and no one wants to lend to us anymore…. Business Week 2006
Originally posted by cpdaman
real net worth per capital is rising?
Originally posted by cpdaman
care to explain what misleading ratio the author used to calculate "house hold net worth" gee that article is from over *8* months ago before the housing slide, also look at the reader comments at the bottom of the page, very telling.
Originally posted by cpdaman
the more people that are in the dark about this thing the longer to the economy implodes as well as the more insiders that can get out unscathed or cash in
Originally posted by cpdaman
as to the same old negtive nonsense spouted off every year:
those are the economists who had been looking at the long term
Originally posted by DaRAGE
here we go blah blah blah blah.
economy going down again, recession, blah.
LEts see. China growth 11%.
US? 3%?
Australia 3.75%
Australia is 82 cents to the american dollar (which is good for the ausssie dollar. very good indeed.
but estimates it will be back down to like 70 cents or worse in a year or two.
There is a big economic boom around the world. And it's still going.
Employement levels are? well i believe the US is pretty low like 5% or something.
Australia sitting on 4.5% i think...
Jobs growth is high.
But as you say "Wham bam were are n for a resseccion/depression"
Gimme a break... doomsday sayer.
Originally posted by admriker444
The true unemployment rate is much much higher. According to many different sources Ive read, its more like 15-20% of americans are unemployed.
their belief that the U.S. government can continue to sustain low inflation without having to resort to growth-crushing interest-rate hikes as a means of ensuring continued high capital inflows.
“This cheap debt has been available for almost all maturities, most industries, infrastructure, real estate and at all levels of the capital structure.” (But) “this liquidity environment cannot go on forever. The longer it lasts, the worse it will be when it ends…….Of course when ends, the buying opportunity will be once in a lifetime."
As for the United States, it needs to perpetuate the sound money policies of former Federal Reserve Chairs Paul Volcker and Alan Greenspan and return to long-term fiscal discipline. This is the only sure way to keep the United States' foreign tailors, with their massive and growing holdings of dollar debt, feeling wealthy and secure. It is the market that made the dollar into global money -- and what the market giveth, the market can taketh away. If the tailors balk and the dollar fails, the market may privatize money on its own.