tag:blogger.com,1999:blog-27697009.post7854152047086505884..comments2024-02-29T03:21:35.007-08:00Comments on The Great Depression of 2006 : Socialism, the Cure for Our MistakesJim in San Marcoshttp://www.blogger.com/profile/09435296419912935381noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-27697009.post-60084378206907498692008-11-03T19:27:00.000-08:002008-11-03T19:27:00.000-08:00Hi Anon 5:26I agree. This catastrophe will work i...Hi Anon 5:26<BR/><BR/>I agree. This catastrophe will work itself out in a couple of years. I get irritated when one political party takes the credit while the other gets the blame.<BR/><BR/>There are no political solutions when the cause is political. Congress has been digging deep holes for years and they have never figured out how to fill one. Nobody has really cared up to this point.<BR/><BR/>As Winston Churchill dryly pointed out during WWII "Americans can always be counted on to do the right thing...after they have exhausted all other possibilities." We're just not there yet.<BR/><BR/>Thank you for your comments.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-76486528244802216312008-11-03T17:26:00.000-08:002008-11-03T17:26:00.000-08:00I'm not out and about much but I find an amazing n...I'm not out and about much but I find an amazing number of people who either arent' paying attention at all or believe that the government (tooth fairy) will save everything in the end. I hear a lot of complaining but most are "holding the course" as all will be well again in the future. The thought that it might not be never enters their minds.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-42493541985621748582008-11-03T10:33:00.000-08:002008-11-03T10:33:00.000-08:00Hi Anon *:53I do tend to oversimplify a tad to mak...Hi Anon *:53<BR/><BR/>I do tend to oversimplify a tad to make things easier to understand. It's comments like yours that fill it in and make it more complete.<BR/><BR/>Thank you for your input.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-61298708747588430982008-11-03T08:53:00.000-08:002008-11-03T08:53:00.000-08:00Jim,You do a good job of pointing out economic iss...Jim,<BR/><BR/>You do a good job of pointing out economic issues to ponder. Socialism v. Capitalism is fodder only for the ignorant. Both have their limitations and drawbacks. In one the rich get to direct the economy, in the other the intellectuals, middle and poor do the planning. Neither meets the needs of all the citizens for very long. Free markets don't exist and when they do they rapidly become oligopolies and monopolies. Then it's just an old boys network making deals behind closed doors. How much insider trading do you think really takes place on Wall Street? My guess is plenty. It's too easy to do to swear it off and do the ethical thing. Weekends in the Hamptons are probably a great way to get info for your Monday trading day. It's just the nature of things and history shows that. So in reality we have a blend of both and acknowledging that instead of demonizing one or the other is probably more helpful in the long run. IMHO.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-27697009.post-46560596652180981912008-11-02T09:58:00.000-08:002008-11-02T09:58:00.000-08:00Thanks Jim.I was just wondering if you had heard a...Thanks Jim.<BR/><BR/>I was just wondering if you had heard about a major company in trouble. Most market leaders have not participated in this rally.<BR/><BR/><BR/>- ShankarSuperbearhttps://www.blogger.com/profile/01623256139816834834noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-16727710725993875892008-11-01T23:39:00.000-07:002008-11-01T23:39:00.000-07:00Hi ShankarI agree with your first post. As for an ...Hi Shankar<BR/><BR/>I agree with your first post. <BR/><BR/>As for an answer to the second post:<BR/><BR/>I would expect a Democratic win on Tuesday to panic the Stock Market.<BR/><BR/>The real news wouldn't affect the market until Wednesday, but traders will start Monday placing their bets.<BR/><BR/>The Republicans love Capitalism and the Democrats love Socialism.<BR/><BR/>Right now it is too close to call.Jim in San Marcoshttps://www.blogger.com/profile/09435296419912935381noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-67597031905261516212008-11-01T22:35:00.000-07:002008-11-01T22:35:00.000-07:00BTW, you still haven't answered why you put so muc...BTW, you still haven't answered why you put so much emphasis on November 4-5.<BR/><BR/>Perhaps after the fact?Superbearhttps://www.blogger.com/profile/01623256139816834834noreply@blogger.comtag:blogger.com,1999:blog-27697009.post-85298722621907823952008-11-01T22:34:00.000-07:002008-11-01T22:34:00.000-07:00Completely Agreed.For Barney Frank to insist that ...Completely Agreed.<BR/><BR/>For Barney Frank to insist that Banks must lend money is ludicrous at best.<BR/><BR/>For lending to occur, there needs to be a qualified and willing lenders and borrowers. Currently, we have a dearth of both. You can throw as much money as you want, if borrower sees prices coming down (of anything), they would simply put off their purchase (borrowing) decisions and sit tight. Classic deflationary spiral.<BR/><BR/>There is no way to avoid it. Instead of making it worse by throwing money at it, they should simply get out of the way, drink the bitter medicine of severe recession over the next 2 years and cleanse the system of bad debt.<BR/><BR/>Trust me, we will be out of it and with renewed vigor.Superbearhttps://www.blogger.com/profile/01623256139816834834noreply@blogger.com