The boat turns slowly

[UCGal]

[quote=Arraya]It’s not an option under our economy. Over consumption and little to no savings is a policy for a reason.

Less consumerism and saving would collapse employment and require massive government intervention to spur demand and keep it from falling into a deflationary spiral.

One family saves, good for the family. All families save, the economy collapses.[/quote]

Is it good for the economy long term if we continue to spend more than we make. If we continue to consume with no plan for paying for our consumables?

mass consumption based on debt is kicking the can down the road… it may work in the short term -but at some point the debt becomes unweildy. It will be painful either way.

[briansd1]

[quote=UCGal]
Is it good for the economy long term if we continue to spend more than we make. If we continue to consume with no plan for paying for our consumables?

mass consumption based on debt is kicking the can down the road… it may work in the short term -but at some point the debt becomes unweildy. It will be painful either way.[/quote]

For the math whizzes, real (inflation adjusted) sustainable growth is population growth + productivity growth.

Anything else falls in the bubble category and will be paid back sooner or later.

But do we want to plug along with such “boring” growth, or do we all want our own get-rich-quick schemes?

[briansd1]

[quote=UCGal]
Is it good for the economy long term if we continue to spend more than we make. If we continue to consume with no plan for paying for our consumables?

mass consumption based on debt is kicking the can down the road… it may work in the short term -but at some point the debt becomes unweildy. It will be painful either way.[/quote]

For the math whizzes, real (inflation adjusted) sustainable growth is population growth + productivity growth.

Anything else falls in the bubble category and will be paid back sooner or later.

But do we want to plug along with such “boring” growth, or do we all want our own get-rich-quick schemes?

[briansd1]

[quote=UCGal]
Is it good for the economy long term if we continue to spend more than we make. If we continue to consume with no plan for paying for our consumables?

mass consumption based on debt is kicking the can down the road… it may work in the short term -but at some point the debt becomes unweildy. It will be painful either way.[/quote]

For the math whizzes, real (inflation adjusted) sustainable growth is population growth + productivity growth.

Anything else falls in the bubble category and will be paid back sooner or later.

But do we want to plug along with such “boring” growth, or do we all want our own get-rich-quick schemes?

[briansd1]

[quote=UCGal]
Is it good for the economy long term if we continue to spend more than we make. If we continue to consume with no plan for paying for our consumables?

mass consumption based on debt is kicking the can down the road… it may work in the short term -but at some point the debt becomes unweildy. It will be painful either way.[/quote]

For the math whizzes, real (inflation adjusted) sustainable growth is population growth + productivity growth.

Anything else falls in the bubble category and will be paid back sooner or later.

But do we want to plug along with such “boring” growth, or do we all want our own get-rich-quick schemes?

[briansd1]

[quote=UCGal]
Is it good for the economy long term if we continue to spend more than we make. If we continue to consume with no plan for paying for our consumables?

mass consumption based on debt is kicking the can down the road… it may work in the short term -but at some point the debt becomes unweildy. It will be painful either way.[/quote]

For the math whizzes, real (inflation adjusted) sustainable growth is population growth + productivity growth.

Anything else falls in the bubble category and will be paid back sooner or later.

But do we want to plug along with such “boring” growth, or do we all want our own get-rich-quick schemes?

[jpinpb]

[quote=Nor-LA-SD-guy]The housing Bubble would never have happen had they not changed the CPI to owner equivalent rent in 1981 i think.[/quote]

For some reason I thought housing was not included in the CPI. Can you help me out w/that?

[jpinpb]

[quote=Nor-LA-SD-guy]The housing Bubble would never have happen had they not changed the CPI to owner equivalent rent in 1981 i think.[/quote]

For some reason I thought housing was not included in the CPI. Can you help me out w/that?

[jpinpb]

[quote=Nor-LA-SD-guy]The housing Bubble would never have happen had they not changed the CPI to owner equivalent rent in 1981 i think.[/quote]

For some reason I thought housing was not included in the CPI. Can you help me out w/that?

[jpinpb]

[quote=Nor-LA-SD-guy]The housing Bubble would never have happen had they not changed the CPI to owner equivalent rent in 1981 i think.[/quote]

For some reason I thought housing was not included in the CPI. Can you help me out w/that?

[jpinpb]

[quote=Nor-LA-SD-guy]The housing Bubble would never have happen had they not changed the CPI to owner equivalent rent in 1981 i think.[/quote]

For some reason I thought housing was not included in the CPI. Can you help me out w/that?

[sreeb]

[quote=bearishgurl][quote=flu]I just replaced several of my appliances for the cash for appliances rebate too. Got a nice fridge with 3 doors and it’s pretty sweet…Lol…[/quote]

Good for you, flu! These appls. tax credits for 2010 are great, aren’t they?

Would love to buy an induction cooktop and a dryer but can’t afford to right now. Maybe the cooktop by the end of the year . . . LOL. They have really come down in price as of late.[/quote]

Check the sears outlet store for induction cooktops or any appliance. You can search their inventory online and they have a pretty good turnover. We have a Kenmore (Electrolux) and love it. I saw the 4 burners as low as $700 but my wife had to have 5 burners and it had to be white.

[sreeb]

[quote=bearishgurl][quote=flu]I just replaced several of my appliances for the cash for appliances rebate too. Got a nice fridge with 3 doors and it’s pretty sweet…Lol…[/quote]

Good for you, flu! These appls. tax credits for 2010 are great, aren’t they?

Would love to buy an induction cooktop and a dryer but can’t afford to right now. Maybe the cooktop by the end of the year . . . LOL. They have really come down in price as of late.[/quote]

Check the sears outlet store for induction cooktops or any appliance. You can search their inventory online and they have a pretty good turnover. We have a Kenmore (Electrolux) and love it. I saw the 4 burners as low as $700 but my wife had to have 5 burners and it had to be white.

[sreeb]

[quote=bearishgurl][quote=flu]I just replaced several of my appliances for the cash for appliances rebate too. Got a nice fridge with 3 doors and it’s pretty sweet…Lol…[/quote]

Good for you, flu! These appls. tax credits for 2010 are great, aren’t they?

Would love to buy an induction cooktop and a dryer but can’t afford to right now. Maybe the cooktop by the end of the year . . . LOL. They have really come down in price as of late.[/quote]

Check the sears outlet store for induction cooktops or any appliance. You can search their inventory online and they have a pretty good turnover. We have a Kenmore (Electrolux) and love it. I saw the 4 burners as low as $700 but my wife had to have 5 burners and it had to be white.

[sreeb]

[quote=bearishgurl][quote=flu]I just replaced several of my appliances for the cash for appliances rebate too. Got a nice fridge with 3 doors and it’s pretty sweet…Lol…[/quote]

Good for you, flu! These appls. tax credits for 2010 are great, aren’t they?

Would love to buy an induction cooktop and a dryer but can’t afford to right now. Maybe the cooktop by the end of the year . . . LOL. They have really come down in price as of late.[/quote]

Check the sears outlet store for induction cooktops or any appliance. You can search their inventory online and they have a pretty good turnover. We have a Kenmore (Electrolux) and love it. I saw the 4 burners as low as $700 but my wife had to have 5 burners and it had to be white.

[Author]

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