Discussion in 'Economics' started by rcj, Aug 16, 2010.
Not a bad exposition of the tipping point theme by J Long.
Lots of interesting graphics and tables.
Pessimism is worst at the bottom...
"Is It over For the U.S."
US has stopped innovating, so yes
they got lucky once, they aren't getting lucky again, so yes
When the Flash Crash got under way toward a 900 pt Dow drop
i dont believe pessimism was all that overwhelming and didnt materially change even at the bottom. Lots of bidders began moving in way before the bottom was reached.
There's a fair number of you Reich Wingers out there. Perhaps you could all get together on a distant and uninhabited island somewhere and devote your lives to ironing out the remaining kinks in your master race. Since you will all be of a kind, sheets are optional.
The 1960's in general started the destruction of the US imo...
The baby boomers... Grrrrr!!!!!!!
Bye. Dont let the door hit you in the ass on the way out.
I think you've got misplaced aggression.
The Boomers are the ones responsible for paying the most tax into the system.. by a LONG SHOT. Much of what America has is because of the Boomers paying for it.
The Boomers never said, "give me this, that, (or anything), and charge it to my kids and grandkids"... the politicos always tried to buy their vote... just as Obama is doing now with illegal Hispanic immigrants.
The correct blame belongs on the politicians. The only generation to "make out" on our Socialistic experiment is the generation BEFORE the Boomers... Boomers and everybody after are getting SCREWED!!
No, there's too many of you sub-60 IQ, handout-loving, brainless Obama-drones out there. I'd suggest you go to your own island but there would be no productive people to fund your welfare state.
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