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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 386.01

+1.6%

Nov 12 4:00 PM EST

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To: David who wrote (43129)	5/22/2021 11:15:51 PM
From: TobagoJack	Read Replies (1) of 217733

Re << One plan is to spend on infrastructure as China has proposed. This is straight out of the playbook of lessons from the great depression. Unfortunately, while this may be useful (these projects may create net wealth) it will not work as well as hoped in the US because our economy has changed so much over the last 70 years. In the 30's we had specialized physical capital (factories)and non-specialized labor (semi-skilled workers) idle because of the depression. Public works projects could employ productively this semi-skilled labor. With the multiplier effect, their consumption expenditures stimulated demand across the board. By contrast this major recession releases far more specialized labor and far less specialized capital. Public works cannot productively use this labor since their human capital is so mismatched to the jobs. We would suffer a huge opportunity loss by expecting this to work." I vote for a Trans-Galactic Battle Cruiser - think of the spinoff benefits, employ those skilled people, save the military industrial complex, celebrate the International Year of Astronomy. I was thinking Inter-Galactic but that might be a bit of a stretch.>> Maybe you have been right since 2008 November. Now we get to see if entire-society / all-of-government approach(es) of anti-CCP China-China-China space-and-everything-else race might be more efficacious, for the 12 extra years in Afghanistan did not do much (yet) as stimulus :0) In the meantime the economy took another few turns, in several directions, towards hemp, crypto, and woke / cancel, and Netflix and Universal Basic Income Am having a lighthearted Sunday brunch moment before the reflexology master arrives. Just finished w/ my Qi Gong exercise.

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