The Money Midget says we're headed into a double-dip

Started by MadImmortalMan, April 01, 2011, 01:13:50 PM

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HisMajestyBOB

It'll wait until I buy some stocks.
And the company I buy stocks in will go bankrupt.
Even if it's Coca-Cola.
Three lovely Prada points for HoI2 help

Siege

Maybe this is the new reality and the economy is never going to go back to where it was.



"All men are created equal, then some become infantry."

"Those who beat their swords into plowshares will plow for those who don't."

"Laissez faire et laissez passer, le monde va de lui même!"


Valmy

Quote"This is a Russian warship. I propose you lay down arms and surrender to avoid bloodshed & unnecessary victims. Otherwise, you'll be bombed."

Zmiinyi defenders: "Russian warship, go fuck yourself."

DGuller

Quote from: Siege on April 04, 2011, 11:30:19 AM
Maybe this is the new reality and the economy is never going to go back to where it was.
I don't think that's mostly true, but there is something to that.  Economy is not a zero-sum game, but it's more zero-sum than free market ideologues like to believe.  Resources are limited, and other economies growing rapidly would push the resource prices permanently higher.  US economy has benefited from cheap commodity prices, and the sharp spike in them would be a drag on our economy for some time.  It would also be a drag on our quality of life.