SI
SI
discoversearch

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.
Politics : Formerly About Advanced Micro Devices
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Road Walker who wrote (470585)4/11/2009 4:55:33 PM
From: tejek  Read Replies (1) of 1577714
 
I appreciate what Krugman is saying and I do want the changes he supports but lately, I also see that Krugman has some strong biases. They color his opinions more than I like.

I think what he's saying, and I think he's probably right, it that everything has changed. We are going back to a time of much less credit, much less growth, much more conservative, asset based finance both personally and in business. That the last 20 or so years have been the outlier, not the new paradigm.

I am not convinced that that is true. Instead of spending, Americans are saving.......in the last three months, the savings rate has gone from 1% to 5%. That higher rate is motivated by fear. Do you think it will continue after the fear is gone? I don't think so. We may not go back to the old ways but I don't think Americans have given up competely on the notion of self gratification.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News