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Politics : Welcome to Slider's Dugout -- Ignore unavailable to you. Want to Upgrade?

To: Robert S. who wrote (14815)	1/27/2009 8:39:22 PM
From: Amelia Carhartt	Respond to of 50418

Well, that's a relief. I was starting to worry there for a minute.

To: Robert S. who wrote (14815)	1/28/2009 9:21:10 AM
From: jim_p	Read Replies (3) \| Respond to of 50418

Great summary of where we are headed!! Jim

To: Robert S. who wrote (14815)	1/28/2009 10:58:00 AM
From: Jack Hartmann	Read Replies (1) \| Respond to of 50418

Unemployment insurance for a $47,000 worker is about $400 a week Except that states like NY and others are running dry.

To: Robert S. who wrote (14815)	1/29/2009 1:00:05 PM
From: yard_man	Respond to of 50418

His analysis is superficial in that piece except for the last little bit -- it ignores what the Austrians call the "real pool of funding" -- the real assets. Even if you buy what he says about housing -- that the market will readjust in spite of the tinkering of the fools (yes, I agree it is all about wealth transfer -- I'll even buy a bit of conspiracy in there) -- there are other real investments behind the housing boom and credit bubble, that are not so easily "rationalized" and these will weigh on the economy for some time to come ... printing money and marking down these assets will do little to realign these real investment levels with sustainable levels of demand. Honestly, I cannot predict if we are on the verge of a great depression -- certainly it will be a great time of change. Increase in paper money may be easily predictable as a response -- but it's consequences at this juncture may not be so easy to predict. One thing is for sure -- this does not lead to the most "efficient" realignment of real investment and sustainable demand. That means however long the bust would have been w/o the printing -- it is likely to be longer, not shorter. Gerbino is essentially buying the myth that folks have told about the great depression for years -- only failure was the failure to print early, print often. That's hogwash.