Is the economy really in the tank? (1 Viewer)

ghetto saint

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Economists everywhere disagree about anything these days. Bond spreads, derivatives, currency exchange, whether they're bullish or bearish, you name it and everyone has their own opinion. But does anyone ever think the US dollar will not be king anymore?
One key question all econommists ask is with all this spending when will inflation set in and what will we do to curb it? There are a couple of things that can happen- interest rates go up decreasing the supply of money, or taxes levied to bring in some of the issued currency, or just letting inflation run its path and change the currency completely. Or it could be a combination of all of them or only a few of them.
I personally don't want any of them, but it's naive to think that if the economy wants to grow again then inlfation will not be part of that reality.
So does anyone think our taxes are going up? And what in the world is going on with unemployment? Obama said we are going to have another year of near 10 percent unemployment. Is it time to buy or time to sell?


:idunno:
 

blackadder

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Economists everywhere disagree about anything these days. Bond spreads, derivatives, currency exchange, whether they're bullish or bearish, you name it and everyone has their own opinion. But does anyone ever think the US dollar will not be king anymore?
One key question all econommists ask is with all this spending when will inflation set in and what will we do to curb it? There are a couple of things that can happen- interest rates go up decreasing the supply of money, or taxes levied to bring in some of the issued currency, or just letting inflation run its path and change the currency completely. Or it could be a combination of all of them or only a few of them.
I personally don't want any of them, but it's naive to think that if the economy wants to grow again then inlfation will not be part of that reality.
So does anyone think our taxes are going up? And what in the world is going on with unemployment? Obama said we are going to have another year of near 10 percent unemployment. Is it time to buy or time to sell?


:idunno:
http://www.counterpunch.org/roberts09232009.html
 
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ghetto saint

ghetto saint

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There are three things that make up GDP: Consumer spending, Investing and Government spending. Just because the government says recovery (Which is based on GDP and GNP) it doesn't mean consumer spending and investments are up. It could just means that the government is spending more and growing along with the recovery. the real test will be when the government pulls out and sells all their equity stakes in all these banks.
 

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