How do you feel about the future of US?

[DWCAP]

[quote=Nor-LA-SD-guy]OK I just don’t see inflation happening,
Really have you guy’s thought this through,

You need near full employment to have inflation I would think, and we really can be self sufficient in the U.S.A believe it or not, it may take five years but we have the ability to do it (the point is they need us a lot more than we need them who ever they are).

Deflation I think is still the rule of the day, maybe in five years we can talk about inflation again but the world will be a different place in five years so it is almost pointless to speculate.

If the China bubble does burst commodities will bust too, I think that will go a long way toward easing inflation as well but I am not a big believer that china bubble will burst anytime in the next few years either.[/quote]

You confuse price inflation with monitary inflation. I am sure there are a thousand threads on piggington playing with this, and a billion or two on the WWW, so I am not really gonna go into it. But the Fed can ‘print money’ and buy US bonds, allowing the government to repay our foreign creditors. That is monitary inflation, and isnt guarenteed to do anything to our prices here in the USA. As long as that money stays off shore, and people are willing to accept it, it wont hurt us too bad. Please see the ‘print and deny’ comment.

And you dont need to have full employment to have price inflation as you talked about.

[quote]Both the civilian unemployment rate and the rate of change in consumer prices deteriorated in the second half of the decade. Between 1970-74, the average annual unemployment rate was 5.4 percent, while the average annual change in the Consumer Price Index (CPI) was 6.6 percent. From 1974-79, the figures edged up to 7.9 percent for unemployment and 8.1 percent for the CPI. [/quote]

http://www.bls.gov/opub/cwc/cm20030124ar05p1.htm

And while I agree that the world will be a very different place in 5 years, we do need to worry about it because the AVERAGE length of treasury debt right now is something like 4 years. You live in a very narrow world if you think 4-5 years is a long ways off.

[Nor-LA-SD-guy]

Marc Farber says the Euro is toast,

Never been a big believer in Marc Farber however.

Gold needs someone with nothing better to do with their money to keep going up.

I do believe in America however. There are always doom Sayers at this point in the game, I however am an Optimist.

One other note: in the seventies we had strong unions, they don’t exist for the most part now.

[Nor-LA-SD-guy]

Marc Farber says the Euro is toast,

Never been a big believer in Marc Farber however.

Gold needs someone with nothing better to do with their money to keep going up.

I do believe in America however. There are always doom Sayers at this point in the game, I however am an Optimist.

One other note: in the seventies we had strong unions, they don’t exist for the most part now.

[Nor-LA-SD-guy]

Marc Farber says the Euro is toast,

Never been a big believer in Marc Farber however.

Gold needs someone with nothing better to do with their money to keep going up.

I do believe in America however. There are always doom Sayers at this point in the game, I however am an Optimist.

One other note: in the seventies we had strong unions, they don’t exist for the most part now.

[Nor-LA-SD-guy]

Marc Farber says the Euro is toast,

Never been a big believer in Marc Farber however.

Gold needs someone with nothing better to do with their money to keep going up.

I do believe in America however. There are always doom Sayers at this point in the game, I however am an Optimist.

One other note: in the seventies we had strong unions, they don’t exist for the most part now.

[Nor-LA-SD-guy]

Marc Farber says the Euro is toast,

Never been a big believer in Marc Farber however.

Gold needs someone with nothing better to do with their money to keep going up.

I do believe in America however. There are always doom Sayers at this point in the game, I however am an Optimist.

One other note: in the seventies we had strong unions, they don’t exist for the most part now.

[TexasLine]

Obviously….common sense says, that the world is changing. And America is a teetering egg; could go this way-could go that way. No one really knows.

But IMO – even the ant knows winter is coming and prepares for it.

That’s my modo for the last year…and likely will continue to be so.

[TexasLine]

Obviously….common sense says, that the world is changing. And America is a teetering egg; could go this way-could go that way. No one really knows.

But IMO – even the ant knows winter is coming and prepares for it.

That’s my modo for the last year…and likely will continue to be so.

[TexasLine]

Obviously….common sense says, that the world is changing. And America is a teetering egg; could go this way-could go that way. No one really knows.

But IMO – even the ant knows winter is coming and prepares for it.

That’s my modo for the last year…and likely will continue to be so.

[TexasLine]

Obviously….common sense says, that the world is changing. And America is a teetering egg; could go this way-could go that way. No one really knows.

But IMO – even the ant knows winter is coming and prepares for it.

That’s my modo for the last year…and likely will continue to be so.

[TexasLine]

Obviously….common sense says, that the world is changing. And America is a teetering egg; could go this way-could go that way. No one really knows.

But IMO – even the ant knows winter is coming and prepares for it.

That’s my modo for the last year…and likely will continue to be so.

[MicroGravity]

[quote]One good thing that comes out of the high public debts is that we won’t be able to start costly new wars. [/quote]

Think so? The US has the privilege of issuing debt in their own currency, they can always print more money. Wars are a great way to stimulate the economy now, at the expense of your grandkid’s future–all while distracting the dumb masses.

[MicroGravity]

[quote]One good thing that comes out of the high public debts is that we won’t be able to start costly new wars. [/quote]

Think so? The US has the privilege of issuing debt in their own currency, they can always print more money. Wars are a great way to stimulate the economy now, at the expense of your grandkid’s future–all while distracting the dumb masses.

[MicroGravity]

[quote]One good thing that comes out of the high public debts is that we won’t be able to start costly new wars. [/quote]

Think so? The US has the privilege of issuing debt in their own currency, they can always print more money. Wars are a great way to stimulate the economy now, at the expense of your grandkid’s future–all while distracting the dumb masses.

[MicroGravity]

[quote]One good thing that comes out of the high public debts is that we won’t be able to start costly new wars. [/quote]

Think so? The US has the privilege of issuing debt in their own currency, they can always print more money. Wars are a great way to stimulate the economy now, at the expense of your grandkid’s future–all while distracting the dumb masses.

[Author]

Posts