tag:blogger.com,1999:blog-4921988708619968880.post3470917548071269071..comments2024-02-28T22:03:57.237-05:00Comments on The Automatic Earth: Debt Rattle, Happy Bissextile Leap Day 2008Ilargihttp://www.blogger.com/profile/09698428009501267664noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4921988708619968880.post-37986908969061204892008-03-02T21:25:00.000-05:002008-03-02T21:25:00.000-05:00I live in Latin America and in this part of the wo...I live in Latin America and in this part of the world we have seen much of what's happening in the US before.<BR/>Economists dread home price reductions of 40%, well, let me tell you that in our countries 50% is not common but in no way unheard, it could be even more.<BR/>Public bail out of private wrong doing? Sure, we know very well. Banks go broke, but seldom, they generally do not give your Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-82302751287191695742008-02-29T20:31:00.000-05:002008-02-29T20:31:00.000-05:00Not to parse too much... but I wonder if by "no wh...Not to parse too much... but I wonder if by "no where near" he really means current conditions are far WORSE than the conditions of the 1970's?!?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-77849792866891365722008-02-29T20:20:00.000-05:002008-02-29T20:20:00.000-05:00Yes, it's only but for sites like this that anyone...Yes, it's only but for sites like this that anyone would even know otherwise than that the economy is rosy and just a tax rebate away from recovery. <BR/><BR/>It is truly amazing how oblivious the sheeple are to what lies directly in front of us.<BR/><BR/>While I've seriously suspected these weaknesses in our systems, it's only thanks to the internet itself and the efforts of people running sitesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-88329329664201242142008-02-29T20:09:00.000-05:002008-02-29T20:09:00.000-05:00shibUS home prices are way down. If your dear ones...shib<BR/><BR/>US home prices are way down. If your dear ones can't even keep track of that, what can I say??<BR/><BR/>Yes, one year is the timeline, but 6 months is way more likely. Get your money out of the system!@!!!!Ilargihttps://www.blogger.com/profile/09698428009501267664noreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-40439909123772268962008-02-29T18:22:00.000-05:002008-02-29T18:22:00.000-05:00I find it odd that the Bernanke and Paulson disagr...I find it odd that the Bernanke and Paulson disagree about the direction of the dollar, but both think their favored direction is the direction the dollar will go. Is this a case of the left hand not knowing what the right hand is doing? You suggest at least one of them is lying, although whether that's about the direction of the dollar or about the strength of the economy isn't clear.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-61748146174954465462008-02-29T15:03:00.000-05:002008-02-29T15:03:00.000-05:00Bad news seems to be mounting daily, while everyon...Bad news seems to be mounting daily, while everyone I know is oblivious. They are optimistically investing in real estate, the stock market and 401Ks. If I even mention a concern about falling real estate prices, I am met with defensiveness and contempt. <BR/>Do we really have only 1 year; can a large economy collapse so quickly, especially during an election year when we are supposed to get Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4921988708619968880.post-69945868679876466242008-02-29T12:09:00.000-05:002008-02-29T12:09:00.000-05:00However, he does not anticipate a period of stagfl...<B>However, he does not anticipate a period of stagflation - where stagnant economic growth and inflation coincide - saying that economy's current problems are "nowhere near" the set of issues that led to the stagflatory environment of the 1970's.</B><BR/><BR/>This is priceless. At least we can trust Benny-boy on this, he is an authority on the Great Depression after all. Good thing he’s at last goritsashttps://www.blogger.com/profile/09767556060065779629noreply@blogger.com