Mish's Global Economic Trend Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: mishedlo who wrote (90423)	11/18/2008 3:25:32 PM
From: koan	2 Recommendations Read Replies (1) of 116555

Well, we will just have to agree to disagree. I think letting the car companies go bankrupt is flirting with absolute economic disaster. There will be tons of ramifications if we let that happen, not to mention the law of unintended consquenseces. One in ten jobs is still tied to the car industry. What happens to peoples jobs during the interim, suppliers, consumer confidence? I guess I am not sure what your economc philosophy is? Do you advocate we just let the economic depression run unattended by government? I believe most of the top economists like Krugman, Stiglitz, Volker, and in academia, feel it is flirting with diaster to let them go belly up in this environment. In a way it is a moot point, because there is no way the dems or Obama will let them go under. So we will never know. In fact I expect Obama and the dems will follow Krugman and Stiglitz theory to engage in as much deficit spending as is necessary to stop this deflationary depression which continues to spiral into economic armageddon. Looks like obama is going to appoint Volker as fed chairman.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next