Home › Forums › Financial Markets/Economics › So how do we get out of this mess?
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socrattt.
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September 24, 2008 at 2:02 PM #274714September 24, 2008 at 3:31 PM #275038
SD Transplant
ParticipantThe fundamental of our economy is TRUST. I hate to spell this to any of our left or right leaders, but trust is a hard to find nowadays.
An American worker could be the most productive worker in the world, but if the financial system isn’t working, a lay off is just around the corner (don’t forget, we’re broke…..we survive on a credit card & borrowed time). Before this mess, the US looked stunning like a GQ model, walking on Hollywooed Blvd, Armani suit, hair done, plenty of bling with some minor issues on the inside (they weren’t visible). Using the same analogy today, the rest of the world sees the US is looking more like the emty suit with our pockets empty…
I don’t expect investors and other countries/governments to be enticed to invest in the US the same way they did before not accounting for the new risk. Also, I expect that the cost of borrowing $ to go up significantly due to lack of fundamentals “TRUST”.
Hence, our productivity is high today and it could still remain high but with 10-15% unemployment as well……but TRUST is what’s more important.
September 24, 2008 at 3:31 PM #275058SD Transplant
ParticipantThe fundamental of our economy is TRUST. I hate to spell this to any of our left or right leaders, but trust is a hard to find nowadays.
An American worker could be the most productive worker in the world, but if the financial system isn’t working, a lay off is just around the corner (don’t forget, we’re broke…..we survive on a credit card & borrowed time). Before this mess, the US looked stunning like a GQ model, walking on Hollywooed Blvd, Armani suit, hair done, plenty of bling with some minor issues on the inside (they weren’t visible). Using the same analogy today, the rest of the world sees the US is looking more like the emty suit with our pockets empty…
I don’t expect investors and other countries/governments to be enticed to invest in the US the same way they did before not accounting for the new risk. Also, I expect that the cost of borrowing $ to go up significantly due to lack of fundamentals “TRUST”.
Hence, our productivity is high today and it could still remain high but with 10-15% unemployment as well……but TRUST is what’s more important.
September 24, 2008 at 3:31 PM #274738SD Transplant
ParticipantThe fundamental of our economy is TRUST. I hate to spell this to any of our left or right leaders, but trust is a hard to find nowadays.
An American worker could be the most productive worker in the world, but if the financial system isn’t working, a lay off is just around the corner (don’t forget, we’re broke…..we survive on a credit card & borrowed time). Before this mess, the US looked stunning like a GQ model, walking on Hollywooed Blvd, Armani suit, hair done, plenty of bling with some minor issues on the inside (they weren’t visible). Using the same analogy today, the rest of the world sees the US is looking more like the emty suit with our pockets empty…
I don’t expect investors and other countries/governments to be enticed to invest in the US the same way they did before not accounting for the new risk. Also, I expect that the cost of borrowing $ to go up significantly due to lack of fundamentals “TRUST”.
Hence, our productivity is high today and it could still remain high but with 10-15% unemployment as well……but TRUST is what’s more important.
September 24, 2008 at 3:31 PM #274990SD Transplant
ParticipantThe fundamental of our economy is TRUST. I hate to spell this to any of our left or right leaders, but trust is a hard to find nowadays.
An American worker could be the most productive worker in the world, but if the financial system isn’t working, a lay off is just around the corner (don’t forget, we’re broke…..we survive on a credit card & borrowed time). Before this mess, the US looked stunning like a GQ model, walking on Hollywooed Blvd, Armani suit, hair done, plenty of bling with some minor issues on the inside (they weren’t visible). Using the same analogy today, the rest of the world sees the US is looking more like the emty suit with our pockets empty…
I don’t expect investors and other countries/governments to be enticed to invest in the US the same way they did before not accounting for the new risk. Also, I expect that the cost of borrowing $ to go up significantly due to lack of fundamentals “TRUST”.
Hence, our productivity is high today and it could still remain high but with 10-15% unemployment as well……but TRUST is what’s more important.
September 24, 2008 at 3:31 PM #274986SD Transplant
ParticipantThe fundamental of our economy is TRUST. I hate to spell this to any of our left or right leaders, but trust is a hard to find nowadays.
An American worker could be the most productive worker in the world, but if the financial system isn’t working, a lay off is just around the corner (don’t forget, we’re broke…..we survive on a credit card & borrowed time). Before this mess, the US looked stunning like a GQ model, walking on Hollywooed Blvd, Armani suit, hair done, plenty of bling with some minor issues on the inside (they weren’t visible). Using the same analogy today, the rest of the world sees the US is looking more like the emty suit with our pockets empty…
I don’t expect investors and other countries/governments to be enticed to invest in the US the same way they did before not accounting for the new risk. Also, I expect that the cost of borrowing $ to go up significantly due to lack of fundamentals “TRUST”.
Hence, our productivity is high today and it could still remain high but with 10-15% unemployment as well……but TRUST is what’s more important.
September 24, 2008 at 3:55 PM #275001stockstradr
ParticipantAnyone who thinks the fundamentals of our economy are currently strong is totally clueless, and I include McCain in that.
Even McCain now realized it was one of the most stupid (hurting him in the polls) statements he’s made the entire year. The timing of his statement couldn’t have been worse!
September 24, 2008 at 3:55 PM #275005stockstradr
ParticipantAnyone who thinks the fundamentals of our economy are currently strong is totally clueless, and I include McCain in that.
Even McCain now realized it was one of the most stupid (hurting him in the polls) statements he’s made the entire year. The timing of his statement couldn’t have been worse!
September 24, 2008 at 3:55 PM #275054stockstradr
ParticipantAnyone who thinks the fundamentals of our economy are currently strong is totally clueless, and I include McCain in that.
Even McCain now realized it was one of the most stupid (hurting him in the polls) statements he’s made the entire year. The timing of his statement couldn’t have been worse!
September 24, 2008 at 3:55 PM #274753stockstradr
ParticipantAnyone who thinks the fundamentals of our economy are currently strong is totally clueless, and I include McCain in that.
Even McCain now realized it was one of the most stupid (hurting him in the polls) statements he’s made the entire year. The timing of his statement couldn’t have been worse!
September 24, 2008 at 3:55 PM #275073stockstradr
ParticipantAnyone who thinks the fundamentals of our economy are currently strong is totally clueless, and I include McCain in that.
Even McCain now realized it was one of the most stupid (hurting him in the polls) statements he’s made the entire year. The timing of his statement couldn’t have been worse!
September 24, 2008 at 8:06 PM #274882socrattt
Participant[quote=stockstradr]Anyone who thinks the fundamentals of our economy are currently strong is totally clueless, and I include McCain in that.
[/quote]McCain has yet to come out with the news, but he actually has a speech impediment. He actually said the fudamentals of our economy are “WRONG”. Poor guy, I feel for him. He gets his “st” and “w” mixed up quite a bit!!
September 24, 2008 at 8:06 PM #275131socrattt
Participant[quote=stockstradr]Anyone who thinks the fundamentals of our economy are currently strong is totally clueless, and I include McCain in that.
[/quote]McCain has yet to come out with the news, but he actually has a speech impediment. He actually said the fudamentals of our economy are “WRONG”. Poor guy, I feel for him. He gets his “st” and “w” mixed up quite a bit!!
September 24, 2008 at 8:06 PM #275135socrattt
Participant[quote=stockstradr]Anyone who thinks the fundamentals of our economy are currently strong is totally clueless, and I include McCain in that.
[/quote]McCain has yet to come out with the news, but he actually has a speech impediment. He actually said the fudamentals of our economy are “WRONG”. Poor guy, I feel for him. He gets his “st” and “w” mixed up quite a bit!!
September 24, 2008 at 8:06 PM #275184socrattt
Participant[quote=stockstradr]Anyone who thinks the fundamentals of our economy are currently strong is totally clueless, and I include McCain in that.
[/quote]McCain has yet to come out with the news, but he actually has a speech impediment. He actually said the fudamentals of our economy are “WRONG”. Poor guy, I feel for him. He gets his “st” and “w” mixed up quite a bit!!
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