tag:blogger.com,1999:blog-8358039.post3503966734354206219..comments2024-03-25T15:17:04.488-07:00Comments on Captain Capitalism: Not Enough Economic Growth to Go AroundCaptain Capitalismhttp://www.blogger.com/profile/05620212946121617985noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8358039.post-14572011689512487102013-09-24T00:40:05.580-07:002013-09-24T00:40:05.580-07:00I was looking at Wikipedia's detailing soverei...I was looking at Wikipedia's detailing sovereign default.<br />http://en.wikipedia.org/wiki/Sovereign_default<br /><br />This was listed as common conditions which produce a sovereign default:<br /><br />A reversal of global capital flows<br />Unwise lending<br />Fraudulent lending<br />Excessive foreign debts<br />A poor credit history<br />Unproductive lending<br />Rollover risk<br />Weak revenues<br />Rising interest rates<br />Terminal debt<br /><br />We clearly have unwise lending, fraudulent lending and unproductive lending. The 500 pound gorilla in the living room is roll over risk which of coarse leads to terminal debt. <br />Joe Americanoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-10723784994075922182013-09-22T06:40:14.594-07:002013-09-22T06:40:14.594-07:00There is a Pennsylvania sized iceberg at 400 meter...There is a Pennsylvania sized iceberg at 400 meters and we are closing on that Fucker at 20 knots. Captain Kenyan Blaque Choomster and his merry band are too busy fighting the evil CON servatives to steer away from it. Here is some advice from a random dude on the internet: <br /><br />Do whatever it takes to insure food, water, and shelter for yourself and those you Love for the next 3 years. This clusterfuck is going to unravel Thelma and Louise style. <br /><br />Airborne Thunderbirds anyone?<br /><br />Faithless CynicFaithless Cynicnoreply@blogger.comtag:blogger.com,1999:blog-8358039.post-66457263066212122882013-09-21T02:09:42.230-07:002013-09-21T02:09:42.230-07:00Well, these drops start at Nixon's presidency ...Well, these drops start at Nixon's presidency and the current one at Bush's presidency. Considering a few years of lag between serious decisions and their implementation - it was what was done in 2003 (or even before that) which led to this decline.<br /><br />Obama could only be judged on "GDP Minus Working Age Population Growth Rate Premium." some time after he's left. If it stays below 0.02 only than it can be used against him.<br /><br />---<br />BTW maybe the events that led to drop in this growth per WAP would be going off gold standard previously and now inflating completely artificial bubble (after all, dotcom had some actual real innovation below it, and housing market was just outright funneling public funds to manipulate markets).<br /><br />I'm guessing you didn't get longer data sets than 1965 for this?Peterushttps://www.blogger.com/profile/00366453001768706828noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-25045812372457970972013-09-20T23:39:21.648-07:002013-09-20T23:39:21.648-07:00Assuming you could find a lefty that could underst...Assuming you could find a lefty that could understand the math, I suspect you'd get the following response.<br /><br />Wait. What? We're in a recession? Lies! Damn Conservative Lies! The Media says we're recovering, so you must be lying. You just made that stuff up. Besides - your a racist. <br /><br />--Bastardo <br />You can't do tax cuts with out votes - you're not going to get the votes because even politicians have figured out that you have to have some income if you want to continue spending - hence tax the rich - Granted their math skills are, umm .... not good. Even with tax cuts you'd have to eliminate all the entitlements to make that work - and well, that's just not going to happen.<br /><br />Doomed I tell you - Doomed.<br /><br />I think the phrase is: Enjoy the DeclineAnonymoushttps://www.blogger.com/profile/00391535113209714025noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-14284282788319614322013-09-20T20:51:24.542-07:002013-09-20T20:51:24.542-07:00Well, the problem is not just Obama, but every pol...Well, the problem is not just Obama, but every politician. Until we can get the Fed under control, won't happen, and reduce social spending by like 75% and temporarily raise taxes toa sane level (I am all for tax cuts, but I am unsure if they will work now); I think everyone has to bite the bullet.<br /><br />That is not my biggest fear. My biggest fear is demographics. I fear that we have several severe demographic issues. Everyone wants to make money and starve or die. Few people equate that with having kids. <br /><br />Those of us in the manosphere know several reasons why not to have kids. However, we can't afford to do as the progressives and feminists have done and that is breed ourselves out.<br /><br />We need new blood, not just new money and revenue streams.Anonymoushttps://www.blogger.com/profile/09909112726788796371noreply@blogger.comtag:blogger.com,1999:blog-8358039.post-20242078219400892452013-09-20T18:24:31.048-07:002013-09-20T18:24:31.048-07:00There's a tendency, mainly on the part of over...There's a tendency, mainly on the part of over-optimistic Pollyannas, to think of things like Obamacare as "blows". We get hit, we drop to our knees, than recover and soldier on, just like we did after the New Deal, the Great Society etc.<br /><br />The thing is, these are cumulative, not consecutive. These aren't "blows" from which we've recovered, they are burdens that still weigh us down now. The sand they threw in the gears is still there now, even as what remains of capitalism and the private sector route around the damage as best they can.<br /><br />There's a lot of discussion about how slow and anemic this rebound is, but very little as to its real meaning... for good reason.Seeraknoreply@blogger.com