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| Economy |
| America could be edging closer to the trap - deflation |
| 2010-07-26 |
| Posted by:Goodluck |
| #10 Ala NEWSMAX > FRED THOMPSON is calling for the RENEWAL OF BUSH TAX CUTS lest the US suffers an overwhelming econ crisis. |
| Posted by: JosephMendiola 2010-07-26 22:57 |
| #9 No worris Jim. Barry will soon present us with a splendid investment substitute plan I am sure. |
| Posted by: Besoeker 2010-07-26 21:42 |
| #8 Yep, I personally, am OUT. No more money for the casino on wall st. I can find better things to do with 12% of my paycheck than stick it in there an watch it go down every month. I don't know if I'll ever let them lure me back into the securities market. With the trillions that have gone up wall street's nose in the last few years why do they need my little pittance too? |
| Posted by: bigjim-CA 2010-07-26 21:39 |
| #7 The problem the Fed and the gummint have is that the rubes have decided (mostly) to stop playing along... |
| Posted by: M. Murcek 2010-07-26 11:21 |
| #6 The Fed keeps trying through word and deed to generate inflation More likely that they don't have the faintest idea of what to do now. Reminds me of late 2008-early 2009, when there were s.t. like 7 radically different approaches taken in succession to failing financial institutions (Bear, Lehman, AIG, Merrill etc). |
| Posted by: lex 2010-07-26 10:03 |
| #5 Eliminate or steeply reduce taxes related to hiring. Institute taxes on banks and corporates who are sitting on massive reserves and not using them to stimulate growth and hiring. |
| Posted by: lex 2010-07-26 09:56 |
| #4 The Fed keeps trying through word and deed to generate inflation - it is the way to pay off debt through 'confiscation' of savings, and to generate more unsustainable 'bubble' economic activity (thus kicking the painful can down the road.) If they succeed in avoiding 'deflation' they will be doing nothing but leaving a nasty boil to fester rather than lancing it and allowing it to drain and heal. |
| Posted by: Glenmore 2010-07-26 09:56 |
| #3 It's the taxes stupid. |
| Posted by: Bright Pebbles 2010-07-26 09:54 |
| #2 Banks are sitting on hundreds of billions in reserves. Households are desperate to accumulate savings. Corporates are sitting on trillions in cash holdings. When banks don't lend and households don't spend, companies won't hire. We're in for a hellish few more years. |
| Posted by: lex 2010-07-26 09:35 |
| #1 Keynesian stimulus doesn't work as we have jsut had proven by Mr Obama. Any engineer know you cannot push a rope. |
| Posted by: OldSpook 2010-07-26 09:17 |