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Uh,

I was actually smarter four years ago. I think caffeine intake has numbed the old brain, eh. So, I have now convinced myself that an Israeli land and air attack on Iran is possible.

And, I bet our military claims that the northern border is too hard to close down:p. Very dangerous area. Lots of mountains or something. Wailing insurgents. Weddings and family gun shows - sometimes combined with disastrous affect. We don't have the assets in place or something...

All the while our President does his normal thing. Can't we all just get along. But, he won't be part of the game. He will be gamed. He won't like it either...
 
coolhand said:
US says bankruptcies reach nearly 5-year high

http://www.reuters.com/article/idUSN1713158620100817
Click to expand...

And housing permits at a 14 month low. However I agree with others when they say we shouldn't hit a double dip based on the fact we have plently of liquidity in the system. This may not sound much like a recovering economy, but the good news is savings are up to record highs, because some folks are getting smart and reducing their spending. It might not be good for the economy, but it's good for the family. This reminds me of pruning a tree.
 
It's all about balance-income-outgo. family finance as well as companies as well as gov. the less people spend, the less companies will profit (or be able to pay off their debts), the more companies go belly up from lack of income (or unpayable debt)-the more jobs will disappear, the less income people will have, the less people will spend and the more they will try to save/pay off debts. the more companies foresee lack of spending, the less new hiring will be done,the fewer jobs come back.

the less spendable income people have, the less taxes will be collected, the more gov will go in debt to keep current spending levels, and the less gov will be able to ever pay off the debt. At some point the credit card gets declined or the cardholder defaults. At that point the pruning of the whole economy will become so severe, the whole tree may die back. If it ever resprouts it may look like a whole different kind of tree. pruning is needed, but it hasn't been pruned noticeably in 20-40 years (or more). severe system shock still lies ahead, how severe depends on how quickly it comes. sooner is better. can't roll credit card balances forever.

some say hyperinflation comes after the deflation. Hyperinflation is not the same as inflation on steroids. stagflation, maybe we can muddle through. maybe.
 
Well said....



alevin said:
It's all about balance-income-outgo. family finance as well as companies as well as gov. the less people spend, the less companies will profit (or be able to pay off their debts), the more companies go belly up from lack of income (or unpayable debt)-the more jobs will disappear, the less income people will have, the less people will spend and the more they will try to save/pay off debts. the more companies foresee lack of spending, the less new hiring will be done,the fewer jobs come back.

the less spendable income people have, the less taxes will be collected, the more gov will go in debt to keep current spending levels, and the less gov will be able to ever pay off the debt. At some point the credit card gets declined or the cardholder defaults. At that point the pruning of the whole economy will become so severe, the whole tree may die back. If it ever resprouts it may look like a whole different kind of tree. pruning is needed, but it hasn't been pruned noticeably in 20-40 years (or more). severe system shock still lies ahead, how severe depends on how quickly it comes. sooner is better. can't roll credit card balances forever.

some say hyperinflation comes after the deflation. Hyperinflation is not the same as inflation on steroids. stagflation, maybe we can muddle through. maybe.
Click to expand...
 
alevin said:
It's all about balance-income-outgo. family finance as well as companies as well as gov. the less people spend, the less companies will profit (or be able to pay off their debts), the more companies go belly up from lack of income (or unpayable debt)-the more jobs will disappear, the less income people will have, the less people will spend and the more they will try to save/pay off debts. the more companies foresee lack of spending, the less new hiring will be done,the fewer jobs come back.

the less spendable income people have, the less taxes will be collected, the more gov will go in debt to keep current spending levels, and the less gov will be able to ever pay off the debt. At some point the credit card gets declined or the cardholder defaults. At that point the pruning of the whole economy will become so severe, the whole tree may die back. If it ever resprouts it may look like a whole different kind of tree. pruning is needed, but it hasn't been pruned noticeably in 20-40 years (or more). severe system shock still lies ahead, how severe depends on how quickly it comes. sooner is better. can't roll credit card balances forever.

some say hyperinflation comes after the deflation. Hyperinflation is not the same as inflation on steroids. stagflation, maybe we can muddle through. maybe.
Click to expand...

Agreed, but all this is going to happen anyways with Peak Oil around the corner. I'd rather folks get prepared now, because it won't get any easier in the future when gas is 5-10 dollars a gallon.
 
JTH said:
Agreed, but all this is going to happen anyways with Peak Oil around the corner. I'd rather folks get prepared now, because it won't get any easier in the future when gas is 5-10 dollars a gallon.
Click to expand...

It's belief that gas prices were the keystone in the economy's fall.
Who knows how long the charade may have lasted without that spike to $4/gal.
But- like ALL times before, how much REAL progress have we made to sustainable transportation technologies after a oil-based crisis?
Enough to withstand $5/gal?.... No.

BTW if this is pruning, it is because the suckers have grown so out of control they have sapped the life from the rest of the tree. IMO, at this point the risk of not pruning becomes more detrimental than doing so.

JT- progress, good to see! :) --->Still pissed
 
coolhand said:
Democrat (Barney Frank - D, MA) says abolish Freddie, Fannie
Click to expand...

LOL The fox is commiserating on his slaughter of chickens in the hen house, and now wants it leveled? Why, as a memorial to the chickens he slaughtered? Or to dispense with any evidence? Hmmm... :suspicious:

Thanks for the links and your blog CH, you consistently post good stuff...
 
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