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2007-07-22 Home Front Economy

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Posted by lotp 2007-07-22 07:29|| || Front Page|| [11134 views ] Top

#1 In their desperation for power, what the Donks forget is that while the war will bring out true hate America crowd to vote for them, the policies they pursue will certainly bring out the rest of America, which votes its pocketbook, when the economy dives as the result of international instability and American unreliability when their gal takes office and is unable to reverse course. Watch the price of oil climb even stepper and the hand wringing about opening existing known reserves get even sweatier. The economy will be hammered. And the lame duck bore sights land upon the clowns. In such desperation, their Freudian projections about 'stealing' elections will be implemented by their actions as they protect their power at any cost.

Posted by Procopius2k 2007-07-22 10:28|| 2007-07-22 10:28|| Front Page Top

#2 It'll be a return to the good old days under Carter. You know, gas lines, America was running scared, it looked like the Soviets had the winning system, the military and CIA deteriorated, and our allies lost faith in us worldwide due to Congress' decision to cut off South Vietnam. Sounds like a Democrat paradise.

Posted by gromky 2007-07-22 12:43|| 2007-07-22 12:43|| Front Page Top

#3 Duhhh??? P2K, did you read this ridiculous shit from Rooters ? Investors pulling out of bottom feeder funds ? Meanwhile, the Dow surges past 14000 for first time. Most of this investment is based on foreign speculation anyway. If investors want security, let them turn to US Treasuries. Good for them and good for Uncle Sam. Oil could go higher. I hope it does. Let's get with the program on alternate fuels and break the choke hold the oil lobby has on both our economy and conduct of foreign affairs. If we didn't need much foreign oil, would we kiss up to Saoodis ? Give a rat's ass about Iraq ? I doubt it. We have some humanitarium interests of course, but let these be administered by the UN. What else are these suckers good for? We need massive investment in the latest nuclear technology which has the only hope of providing the high capacity and low cost power we need to move forward. Electric autos will never stand a chance unless we have very cheap electricity. Our main efforts for the next 20 years ought to be turned to achieving these goals.

Posted by Woozle Elmeter2970 2007-07-22 14:26|| 2007-07-22 14:26|| Front Page Top

#4 I have to agree with Woozle Elmeter2970. This is about investors shunning the riskiest investments after being burned, and moving to lower risk/lower reward. That's better for the market, and better for the economy, as the money isn't funding bad business decisions. There have been concerns (as there always are, it seems) that a balloon was going to pop with all that entails, and now that goes away. Although between reducing the deficit and discontinuing several of the Treasury time periods (the 30 years and the 10 years, I think), Treasuries are less available and lucrative than formerly.

Or so it seems to me. But I've never managed to more than an elementary grasp of matters financial, I'm afraid (Mr. Wife despairs sometimes over what will become of me, poor dear).

Posted by trailing wife 2007-07-22 15:13|| 2007-07-22 15:13|| Front Page Top

#5 Something tells me that won't be a problem for you, TW.

Posted by Nimble Spemble 2007-07-22 15:35|| 2007-07-22 15:35|| Front Page Top

#6 You are such a gallant, dear Nimble Spemble. :-)

Posted by trailing wife 2007-07-22 15:53|| 2007-07-22 15:53|| Front Page Top

#7 TW, that's the reason we have economic cycles. Unfortunately the bigger the boom, the bigger the bust (for the reason you state), which is why I think we may be entering 'interesting times'.

Posted by phil_b 2007-07-22 17:59|| 2007-07-22 17:59|| Front Page Top

#8 A "boom" based on debt is merely an illusion.

Borrowing is only useful if the interest is less than the growth achieved and the interest is also less than the risk.

Credit Crunch for Breakfast?

Posted by Bright Pebbles 2007-07-22 18:59|| 2007-07-22 18:59|| Front Page Top

#9 rooters is mouthpiece for soros and his mythology....risk is good, without it you make no doh.

Posted by Spiny Gl 2511 2007-07-22 22:39|| 2007-07-22 22:39|| Front Page Top

#10 PS, this from a reliable source, and it was conveniently omitted from the artiturd, so pass it on;
According to FED data, savings rose from 3.6 to 3.9 $trillion over the last year. That's about a 10%/yr increase. How is that "horrible" or "poor"?

Posted by Spiny Gl 2511 2007-07-22 22:42|| 2007-07-22 22:42|| Front Page Top

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