For those who are not short yet
#11
Posted 19 February 2008 - 11:51 AM
#12
Posted 19 February 2008 - 12:04 PM
does anyone (with the exception of milbank) realise that the smooth running of some very very basic services in the US is currently under threat?
No idea what you're talking about.
But there are still 300+ mil people in US and most of them are employed. The economy is going to muddle through. Yes, there may not be any spectacular growth, but there woin't be a 1929 depression that everyone expects either. It will just simply chugg along and grow with the population. Growth in population will create demand for goods and services and in turn will generate jobs.
Some corporations will prosper, some will fail. Some new industries will emerge, some old ones will errode into oblivion.
Sun will be rising in the morning and setting in the evening.
Edited by ogm, 19 February 2008 - 12:06 PM.
#13
Posted 19 February 2008 - 12:14 PM
I'm not exactly sure what maxter267 was saying either. Whether he was serious or being sarcastic. It's tough on the internet to know but, I assume sarcastic as I'm not "the only one" on anything and I certainly didn't say anything about "basic services" although state and municipal budgets are being threatened. I will say this, I don't see a 1929 crash nor do I see a 1930's style depression. I do see a lot more economic pain for this country, especially the middle class, or what will be left of it, in the coming years. I do expect the markets will feel more pain as well before it "U"s out. I'm wondering if it doesn't start recovering towards the end of the year only to make another drop in2010-2011. I expect to have put the long term monies back in by then. I'm not concerned about that yet. I will get the long term stuff out of the way again if I have to.does anyone (with the exception of milbank) realise that the smooth running of some very very basic services in the US is currently under threat?
No idea what you're talking about.
But there are still 300+ mil people in US and most of them are employed. The economy is going to muddle through. Yes, there may not be any spectacular growth, but there woin't be a 1929 depression that everyone expects either. It will just simply chugg along and grow with the population. Growth in population will create demand for goods and services and in turn will generate jobs.
Some corporations will prosper, some will fail. Some new industries will emerge, some old ones will errode into oblivion.
Sun will be rising in the morning and setting in the evening.
Edited by milbank, 19 February 2008 - 12:16 PM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#14
Posted 19 February 2008 - 12:15 PM
#15
Posted 19 February 2008 - 12:16 PM
#16
Posted 19 February 2008 - 12:18 PM
..and ogm will be waking up before sunrise to milk the cow
He's been "milking the cow" pretty well for months now.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#17
Posted 19 February 2008 - 12:20 PM
i was referring to the muni mkt
Yeah, I agree with that then. I do think it's going to be harder for municipalities to fund and service with ever shrinking budgets without a doubt.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#18
Posted 19 February 2008 - 01:03 PM
#19
Posted 19 February 2008 - 01:13 PM
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
#20
Posted 19 February 2008 - 01:18 PM
..and ogm will be waking up before sunrise to milk the cow
He's been "milking the cow" pretty well for months now.
i hope he did, it's best to pay with $ for the cow!