Silicon Investor (SI) -- The First Internet Community

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 -- Ignore unavailable to you. Want to Upgrade?

To: Hoa Hao who wrote (94272)	2/16/2009 9:29:34 AM
From: Little Joe	Read Replies (1) \| Respond to of 116555

The way my parents explained it to me was that as the result of the war nearly everyone was making good money but because of rationing they had nothing to spend it on, so there was a lot of savings and pent up demand. When the war ended the wartime economy was converted to peacetime and the pent up demand drove the economy. lj

To: Hoa Hao who wrote (94272)	2/16/2009 11:15:10 AM
From: koan	Read Replies (2) \| Respond to of 116555

The two things I take out of WWII are: 1) It was a monster stimulous package. That it was a war stimulous is irrelevant, except had the same money been used strictly for our infrastructure it would have worked even better than a war. So the WPA and the giant stimulous worked. 2) Yes we benefited from the WWII infrastructure, but as you say it had to be converted back i.e. it was not directed specifically like Obama would like to do with a new energy grid and high speed rail. So what if we spend the same amount of GDP we did on WWII except all of it to modernize our counties infrastucture and recapitalize banks, even if we have to temporarily nationalize them? Modern energy grid, upgrade roads, bridges, schools, rails, and water ssytems for agriculture. We are still the worlds bread basket. Develop our NG resources, and cut way back on defense and get out of Iraq and Afghanistan if NATO will not help. How many nuclear bombs do we really need-lol? Computers, science and modern technology are the defense expenditures we need to make going forward. Not battleships-lol. And that can be part of the infrastructure.