Then you should. I would be glad to answer any questions you might have regarding eco 101. Take care.
. Mav88: The problem with South America's brain is that he is trying to advance his political agenda by posing as an 'objective' economist. When contradictions arise, he simply ignores them. yet he blames the military for america's money woes, assinine to anybody with a functioning brain. The constitution binds to the goverenment to spend on defense, it says nothing about social welfare spending. SA thinks though that medical care is a right. It's quite obvious that he is a left wing america hater, although he thinks he is hiding it because in his own mind he is being rational. ***** June 10, 2009 SouthAmerica: Reply to Mav88 I donât have a political agenda â and I mentioned a few times on this forum what happened when a group of well educated people who had read many of my articles had a discussion trying to tag me as conservative, a liberal and a socialist. In that group we also had a few Republicans very conservative, a few Democrats very liberal, a die-hard socialist and a few people middle of the road. After an hour of discussion the group were completely confused and they told me that they could not figure out in which group I belonged based on my writings. Every group thought I was something else, when a right winger Republican accused me of being a socialist the fellow who came from a socialist country told the group that he had read many of my articles and based on his experiences with socialism I would not qualify as a socialist. Most people read my articles and postings from their personal political point of view and most of the time they thought that I belonged to some other group. Since I started responding to your postings on this forum I have been assuming that Mav88 means that you are about 21-years old, and I have been answering to your replies according to your age and limited life experience. You should read the following thread for a reality check: U.S. Economy â Budget Deficits â GDP and Defense Spending http://www.elitetrader.com/vb/showthread.php?s=&threadid=163665 ***** Landis82: Even so, defense spending as a percentage of total GDP is only at 4.7% for 2009. In fact, it was only at 3.9% in 2005. I believe that the 45-year average is 5.5% ***** SouthAmerica: Reply to Landis82 These percentages that you used on your posting it is based on the âFairy Taleâ figures published by the US government on a monthly basis for the U.S. GDP. Please read the enclosed thread if you want to be better informed instead of living in the world of illusion: U.S. Economy â Budget Deficits â GDP and Defense Spending http://www.elitetrader.com/vb/showthread.php?s=&threadid=163665 ***** Regarding Paul Krugman He has been among a handful of economists that I read on a regular basis and I respect his opinions. He earned that respect over a long period of time. Even though I agree with Mr. Krugman opinions a high percentage of the time â yesterday was one of these rare occasions that I did not agree with his conclusions. Yesterday the mainstream media was reporting that Mr. Krugman said in London that the current U.S. recession should be reaching the bottom around September of 2009. That was the reason why the stock market turned up late in the day yesterday - according to the reporting of the CNBC and Bloomberg News talking heads. I believe the US economy will continue imploding in a downward spiral, the unemployment is going to reach at least 12 percent, new foreclosures are going to continue to skyrocket, all kinds of bankruptcies are going to reach levels not seeing since the Great Depression. I have not changed my mind regarding the severity of the current economic down turn of the U.S. economy. Sure the banks want to give the TARP money back to the US government, and some of these financial institutions were even able to raise billions of US dollars in new capital. These fools who are investing money on these financial institution deserve to lose their shirt since they have no common sense. Why everything looks wonderful almost overnight in the US financial and banking system? Because of the âMiracleâ - based on questionable accounting changes - and the creation of make believe information and fudged financial results. Those fools are investing good money based on make believe information. What surprised me is the unlimited amount of âSuckersâ that still around Wall Street who are throwing large sums of moneys in financial institutions of the Enron type. They are investing based on a Mirage, on deceit and plain BS. .
September 29, 2010 SouthAmerica: Regarding Paul Krugman Paul Krugman Lecture: âThe Liquidity Trap and Its Discontentsâ Ramapo College of New Jersey Sharp Theater, Angelica and Russ Berrie Center for the Performing Arts. Wednesday, September 29, 2010 http://ww2.ramapo.edu/asb/news.aspx#PaulKrugman I enjoyed the lecture that Paul Krugman gave today at Ramapo College. The actual lecture was about 1 hour, and another 15 minutes answering questions from the audience. He painted a real bleak picture for the U.S. Job market for many years to ...come with unemployment going up from current level. He said people ask me all the time which areas of the economy is creating jobs, and his response was nowhere, and he could not give a single industry that were creating jobs in the US economy. At one point in the lecture Mr. Krugman was implying that the only way for the unemployment rate to go down to acceptable level would be a similar situation at the beginning of WW II. I hope I misunderstood what he said, because I thought he was implying that the only solution to bring down the unemployment rate to acceptable levels would be to start WW III. He gave a very gloomy picture of the US job market for many years to come to the students of Ramapo College. ***** Paul Krugman's lecture reminded me of one scene of the movie âWall Street: Money Never Sleepsâ - when Gordon Gekko is giving a lecture in some hall full of university students, then he tells his audience you are the "NINJA generation" - NINJA (No Income, No Job, (No) Asset). .
it all started with the arms race between russia and US in the 60's 70's 80's and we thought the war was over and than in 9/11 war on terrorism doubled the war budget debt to 1 trillion. in 10 years! the debt is so large,,the press doesn't even mention anymore.. it was the debt that germany had that cause world war 2 germany and japan built up their military to create jobs..who cares about jobs if it means war and making bombs. if it just about jobs the f#ck the trade war. this trade war with china won't be pretty.
He is right. as long as we follow his leftist ideas we will have no job recovery I am impressed with his candor and that he knows what a failure his ideas are. Did anyone ask him if he considered advising his commie socialist friends at the times to advocate for a better jobs environment by lowering taxes -- significantly and perhaps eliminating capital gains?
Here's a penetrating look from across the pond (Re: http://www.nytimes.com/2010/09/27/opinion/27krugman.html) Talleyrand Basel, SwitzerlandSeptember 27th, 20109:41 am Mr Krugman, I recently had a very interesting experience with working with American companies. I have just finished doing a book that required me to contact over 100 companies in the USA, for their own big benefit. Some responded quickly. In most cases, however, I got answering machines. I must have left nearly 250 messages (and believe me, the book I am doing represents totally free advertising for them, and is an established publication). I hardly received an answer until I started working through the home companies in Europe. There, not once did I get an answering machine, and emails were answered promptly. I quickly built up a very good relationship with the people, and most said: "We know the problem." In the past 18 months, as a freelance journalist, I must have written 500 query letters of which at least 450 were to the US and GB. The latter recieved about 10 answers. The rest were all answered. When I finally got a rise out of some US editors, they all complained about the flood of emails. My qeustion back to them was: Well, how do you know you are not missing an imkportant story? I am not just grinding an axe here. The problem reveals something about work and working habits in the USA. For Americans, that Europeans have such great job benefits seems amazing. American bosses are often amazed at how that can work, and certainly hope the system doesn't cross the Atlantic. It can work because pay raises and such are accepted and repaid with high efficiency and productivity. Also, many European businesses want well-rested, committed workers, rather than exhausted and terrified ones. It's a system that works well in the long run. Alas, in the US, the anti-European propaganda has completely obliterated this fact. The economies are slower here, often, but they are also more sustainable, and who is in a hurry? My advice here: read up on a man like the late Nick Hayek of Swatch Group. Then read up on Jack Welch, whose ran a kind of extortion system on GE (the man loves the system in China, which says enough for me...) In the meantime, according to the World Economic Forum, Switzerland and Sweden are more competitive than the USA. And US competitiveness is of no use if it means the country has immense poverty. If Americans do not wake up soon, they are going to find themselves in a country that can only be described as a "developing nation". But they will never wake up on a diet of Fox and CNN and the other chatter. And on all that poor-taste entertainment. It is amazing that it takes comedians like Jon Stewart and Stephen Colbert to actually bring proper news.
. September 30, 2010 SouthAmerica: Reply to Jem Nice to hear from you. Sorry, I did not give you a more complete picture of Paul Krugman's lecture, and I mentioned only the portion of the lecture that really got my attention. Paul Krugman emphasized most of his lecture that lack of demand, not skills, is the main jobless problem in the US labor market. This is a story of aggregate demand, not a story of skills mismatch. Mr. Krugman spent a lot of time explaining the reason for the lack of demand with examples, and so forth. The general business tax cuts wonât work because they do nothing to increase overall demand, only tax cuts that effectively boost demand, or fiscal policies that create or preserve jobs and their incomes, have any chance of boosting demand. Someone in the audience asked him a question about the Bush tax cuts, and he answered that they should extend the tax cuts for the middle-class, but phase out the tax cuts for people above a certain income level. And he explained the effect that this tax cut phase out would have in the US economy. I found impressed his candor in giving an explanation about how the US economy is going to hell in a hand basket and with very little hope for job creation for many years to come. Jem, you can find the explanation for what is happening to the US economy in an article that I wrote 4 years ago. Please read this article and you will have a better understanding about what is affecting the performance of the US economy today. Brazzil Magazine - September 06, 2006 âWhile the American Dream Is Outsourced Brazil Drives the World into the Futureâ Written by Ricardo C. Amaral http://www.brazzil.com/component/content/article/171-september-2006/9684.html .