Home › Forums › Financial Markets/Economics › Does anyone else become depressed from reading Mish’s Blog or any other decent economy blog?
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CricketOnTheHearth.
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November 24, 2009 at 1:39 PM #487053November 24, 2009 at 4:37 PM #486252
DWCAP
Participant[quote=Eugene][quote=Zeitgeist]”The United States is not only not saving nuts, it’s eating the ones left over from the last winter.”
New York Times: U.S. Racing Toward Debt ‘Shock’
“A page one, top-of-the-fold New York Times report Monday warns that U.S. debt is rising so fast that the federal government is careening toward a ‘payment shock’ in the not-too-distant future.”
“The Times lead headline read: ‘Federal Government Faces Balloon in Debt Payments: At $700 Billion a Year, Cost Will Top Budgets for 2 Wars, Education, Energy.’”
“The Times headline appears eerie just as the Senate moves to push forward on a radical healthcare reform — with CBO estimates for a final bill costing nearly $1 trillion dollars over the next year.”[/quote]
Meanwhile, Bill Gross of Pimco has increased his fund’s holdings of US-government-related debt from 48 percent in September to 63 percent now.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aN78quNzqd5Y&pos=5
But hey, what does one of the most successful bond investors in history know?[/quote]
[quote article]Gross said in his December investment outlook last week that the “systemic risk” of new asset bubbles is rising with the Federal Reserve keeping interest rates at record lows. Under what Pimco has termed the “new normal,” investors should be prepared for lower-than-average historical returns with heightened government regulation, lower consumption, slower growth and a shrinking global role for the U.S. economy. [/quote]
Wait, I dont understand your point. PIMCO is buying more bonds becuase it see’s building bubbles in other assets and that returns in other classes of investments will be lower than historical trend. It would rather be on the recieving end of the future higher government payments than (only) on the taxed end, given that todays other investments are expected to run below previous returns and the US economy will play a shrinking role in the future (read fewer taxes/financial muscle). This seems to play into the times article, especially since it doesnt say what maturities or if the bonds are TIPS or not.
What was your argument?
November 24, 2009 at 4:37 PM #486420Participant[quote=Eugene][quote=Zeitgeist]”The United States is not only not saving nuts, it’s eating the ones left over from the last winter.”
New York Times: U.S. Racing Toward Debt ‘Shock’
“A page one, top-of-the-fold New York Times report Monday warns that U.S. debt is rising so fast that the federal government is careening toward a ‘payment shock’ in the not-too-distant future.”
“The Times lead headline read: ‘Federal Government Faces Balloon in Debt Payments: At $700 Billion a Year, Cost Will Top Budgets for 2 Wars, Education, Energy.’”
“The Times headline appears eerie just as the Senate moves to push forward on a radical healthcare reform — with CBO estimates for a final bill costing nearly $1 trillion dollars over the next year.”[/quote]
Meanwhile, Bill Gross of Pimco has increased his fund’s holdings of US-government-related debt from 48 percent in September to 63 percent now.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aN78quNzqd5Y&pos=5
But hey, what does one of the most successful bond investors in history know?[/quote]
[quote article]Gross said in his December investment outlook last week that the “systemic risk” of new asset bubbles is rising with the Federal Reserve keeping interest rates at record lows. Under what Pimco has termed the “new normal,” investors should be prepared for lower-than-average historical returns with heightened government regulation, lower consumption, slower growth and a shrinking global role for the U.S. economy. [/quote]
Wait, I dont understand your point. PIMCO is buying more bonds becuase it see’s building bubbles in other assets and that returns in other classes of investments will be lower than historical trend. It would rather be on the recieving end of the future higher government payments than (only) on the taxed end, given that todays other investments are expected to run below previous returns and the US economy will play a shrinking role in the future (read fewer taxes/financial muscle). This seems to play into the times article, especially since it doesnt say what maturities or if the bonds are TIPS or not.
What was your argument?
November 24, 2009 at 4:37 PM #486794Participant[quote=Eugene][quote=Zeitgeist]”The United States is not only not saving nuts, it’s eating the ones left over from the last winter.”
New York Times: U.S. Racing Toward Debt ‘Shock’
“A page one, top-of-the-fold New York Times report Monday warns that U.S. debt is rising so fast that the federal government is careening toward a ‘payment shock’ in the not-too-distant future.”
“The Times lead headline read: ‘Federal Government Faces Balloon in Debt Payments: At $700 Billion a Year, Cost Will Top Budgets for 2 Wars, Education, Energy.’”
“The Times headline appears eerie just as the Senate moves to push forward on a radical healthcare reform — with CBO estimates for a final bill costing nearly $1 trillion dollars over the next year.”[/quote]
Meanwhile, Bill Gross of Pimco has increased his fund’s holdings of US-government-related debt from 48 percent in September to 63 percent now.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aN78quNzqd5Y&pos=5
But hey, what does one of the most successful bond investors in history know?[/quote]
[quote article]Gross said in his December investment outlook last week that the “systemic risk” of new asset bubbles is rising with the Federal Reserve keeping interest rates at record lows. Under what Pimco has termed the “new normal,” investors should be prepared for lower-than-average historical returns with heightened government regulation, lower consumption, slower growth and a shrinking global role for the U.S. economy. [/quote]
Wait, I dont understand your point. PIMCO is buying more bonds becuase it see’s building bubbles in other assets and that returns in other classes of investments will be lower than historical trend. It would rather be on the recieving end of the future higher government payments than (only) on the taxed end, given that todays other investments are expected to run below previous returns and the US economy will play a shrinking role in the future (read fewer taxes/financial muscle). This seems to play into the times article, especially since it doesnt say what maturities or if the bonds are TIPS or not.
What was your argument?
November 24, 2009 at 4:37 PM #486881Participant[quote=Eugene][quote=Zeitgeist]”The United States is not only not saving nuts, it’s eating the ones left over from the last winter.”
New York Times: U.S. Racing Toward Debt ‘Shock’
“A page one, top-of-the-fold New York Times report Monday warns that U.S. debt is rising so fast that the federal government is careening toward a ‘payment shock’ in the not-too-distant future.”
“The Times lead headline read: ‘Federal Government Faces Balloon in Debt Payments: At $700 Billion a Year, Cost Will Top Budgets for 2 Wars, Education, Energy.’”
“The Times headline appears eerie just as the Senate moves to push forward on a radical healthcare reform — with CBO estimates for a final bill costing nearly $1 trillion dollars over the next year.”[/quote]
Meanwhile, Bill Gross of Pimco has increased his fund’s holdings of US-government-related debt from 48 percent in September to 63 percent now.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aN78quNzqd5Y&pos=5
But hey, what does one of the most successful bond investors in history know?[/quote]
[quote article]Gross said in his December investment outlook last week that the “systemic risk” of new asset bubbles is rising with the Federal Reserve keeping interest rates at record lows. Under what Pimco has termed the “new normal,” investors should be prepared for lower-than-average historical returns with heightened government regulation, lower consumption, slower growth and a shrinking global role for the U.S. economy. [/quote]
Wait, I dont understand your point. PIMCO is buying more bonds becuase it see’s building bubbles in other assets and that returns in other classes of investments will be lower than historical trend. It would rather be on the recieving end of the future higher government payments than (only) on the taxed end, given that todays other investments are expected to run below previous returns and the US economy will play a shrinking role in the future (read fewer taxes/financial muscle). This seems to play into the times article, especially since it doesnt say what maturities or if the bonds are TIPS or not.
What was your argument?
November 24, 2009 at 4:37 PM #487113Participant[quote=Eugene][quote=Zeitgeist]”The United States is not only not saving nuts, it’s eating the ones left over from the last winter.”
New York Times: U.S. Racing Toward Debt ‘Shock’
“A page one, top-of-the-fold New York Times report Monday warns that U.S. debt is rising so fast that the federal government is careening toward a ‘payment shock’ in the not-too-distant future.”
“The Times lead headline read: ‘Federal Government Faces Balloon in Debt Payments: At $700 Billion a Year, Cost Will Top Budgets for 2 Wars, Education, Energy.’”
“The Times headline appears eerie just as the Senate moves to push forward on a radical healthcare reform — with CBO estimates for a final bill costing nearly $1 trillion dollars over the next year.”[/quote]
Meanwhile, Bill Gross of Pimco has increased his fund’s holdings of US-government-related debt from 48 percent in September to 63 percent now.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aN78quNzqd5Y&pos=5
But hey, what does one of the most successful bond investors in history know?[/quote]
[quote article]Gross said in his December investment outlook last week that the “systemic risk” of new asset bubbles is rising with the Federal Reserve keeping interest rates at record lows. Under what Pimco has termed the “new normal,” investors should be prepared for lower-than-average historical returns with heightened government regulation, lower consumption, slower growth and a shrinking global role for the U.S. economy. [/quote]
Wait, I dont understand your point. PIMCO is buying more bonds becuase it see’s building bubbles in other assets and that returns in other classes of investments will be lower than historical trend. It would rather be on the recieving end of the future higher government payments than (only) on the taxed end, given that todays other investments are expected to run below previous returns and the US economy will play a shrinking role in the future (read fewer taxes/financial muscle). This seems to play into the times article, especially since it doesnt say what maturities or if the bonds are TIPS or not.
What was your argument?
December 7, 2009 at 1:45 PM #491351CricketOnTheHearth
ParticipantI do find them depressing at times, but mostly when they seem to indicate it will be another small piece of forever before I can get out of the rental I’m currently in that I hate, and into something that is comfortable again.
Other times I am thankful that they seem to confirm that no, I am the sane one, it is all these other pundits and news stories and NARs and things that are claiming I “should” be able to live the good life on thin air… when I know damn well I can’t afford what they are selling on the income I make.
CE, you sound like you are $$ better off than I am, and I envy you. However, I have a good friend who can’t work because she can’t leave her 81-year-old mother alone for more than 3 hours at a time or she will have an accident, injury, etc. She can’t afford a caregiver for her either, or to put her in a home; it’s a vicious Catch-22. They are down to the last fumes of their bank account now. It is really sad.
December 7, 2009 at 1:45 PM #491517ParticipantI do find them depressing at times, but mostly when they seem to indicate it will be another small piece of forever before I can get out of the rental I’m currently in that I hate, and into something that is comfortable again.
Other times I am thankful that they seem to confirm that no, I am the sane one, it is all these other pundits and news stories and NARs and things that are claiming I “should” be able to live the good life on thin air… when I know damn well I can’t afford what they are selling on the income I make.
CE, you sound like you are $$ better off than I am, and I envy you. However, I have a good friend who can’t work because she can’t leave her 81-year-old mother alone for more than 3 hours at a time or she will have an accident, injury, etc. She can’t afford a caregiver for her either, or to put her in a home; it’s a vicious Catch-22. They are down to the last fumes of their bank account now. It is really sad.
December 7, 2009 at 1:45 PM #491899ParticipantI do find them depressing at times, but mostly when they seem to indicate it will be another small piece of forever before I can get out of the rental I’m currently in that I hate, and into something that is comfortable again.
Other times I am thankful that they seem to confirm that no, I am the sane one, it is all these other pundits and news stories and NARs and things that are claiming I “should” be able to live the good life on thin air… when I know damn well I can’t afford what they are selling on the income I make.
CE, you sound like you are $$ better off than I am, and I envy you. However, I have a good friend who can’t work because she can’t leave her 81-year-old mother alone for more than 3 hours at a time or she will have an accident, injury, etc. She can’t afford a caregiver for her either, or to put her in a home; it’s a vicious Catch-22. They are down to the last fumes of their bank account now. It is really sad.
December 7, 2009 at 1:45 PM #491987ParticipantI do find them depressing at times, but mostly when they seem to indicate it will be another small piece of forever before I can get out of the rental I’m currently in that I hate, and into something that is comfortable again.
Other times I am thankful that they seem to confirm that no, I am the sane one, it is all these other pundits and news stories and NARs and things that are claiming I “should” be able to live the good life on thin air… when I know damn well I can’t afford what they are selling on the income I make.
CE, you sound like you are $$ better off than I am, and I envy you. However, I have a good friend who can’t work because she can’t leave her 81-year-old mother alone for more than 3 hours at a time or she will have an accident, injury, etc. She can’t afford a caregiver for her either, or to put her in a home; it’s a vicious Catch-22. They are down to the last fumes of their bank account now. It is really sad.
December 7, 2009 at 1:45 PM #492219ParticipantI do find them depressing at times, but mostly when they seem to indicate it will be another small piece of forever before I can get out of the rental I’m currently in that I hate, and into something that is comfortable again.
Other times I am thankful that they seem to confirm that no, I am the sane one, it is all these other pundits and news stories and NARs and things that are claiming I “should” be able to live the good life on thin air… when I know damn well I can’t afford what they are selling on the income I make.
CE, you sound like you are $$ better off than I am, and I envy you. However, I have a good friend who can’t work because she can’t leave her 81-year-old mother alone for more than 3 hours at a time or she will have an accident, injury, etc. She can’t afford a caregiver for her either, or to put her in a home; it’s a vicious Catch-22. They are down to the last fumes of their bank account now. It is really sad.
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