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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Elroy Jetson who wrote (104773)9/2/2009 8:19:45 PM
From: Hawkmoon1 Recommendation  Read Replies (1) of 110194
 
So infrastructure projects are a likely place to spend to create jobs. But Japan has 19 years of very costly infrastructure project under their belt, which has created the largest government debt to income ratio in the world.

Japan foolishly spent their money on non-productive infrastructure. They built bridges to small villages (we've tried to do the same thing in Alaska). They built a sinking airport that has to be jacked up to keep it from flooding. And they also built a lot of parks.

What we did during the '30's was to build dams, power infrastructure, and bridges and roads to SOMEWHERE. What they did, for the most part, laid the foundation for future development and productivity.

We can look at China as well with the 3 gorges dam. It was an awesome vision that provides the energy foundation for tremendous economic growth in that region (presuming they find a way to prevent silt buildup).

Bad infrastructure is building things that people can't afford, or have no desire, to use, or projects that provide no added value over existing technology.

There are any number of national infrastructure projects that could be developed that would prove to be a long-term investment in our future.

Hawk
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