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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (100760)	8/12/2009 8:38:44 PM
From: loantech	2 Recommendations Read Replies (1) \| Respond to of 116555

Over 10%. I dunno Rocket. That is a bit of a cavalier attitude.

To: Rocket Red who wrote (100760)	8/13/2009 8:49:42 AM
From: fred woodall	Respond to of 116555

New Orleans was an excellent study with Gambling and tourism money “after tax” quickly exiting while the social structure was heavily dependent upon government handouts. New Orleans had their own industry in this manner relying on government and look at the result prior to Katrina being the last city in the country anyone would want to live. This was not always the case. In the 60’s and 70’s most of the population would be categorized as poor but the large majority worked and the life and culture of the city was extremely pleasant. Government entitlements emerged and were allowed to be taken advantage of by generations of people which started the long process of decay. Access to easy credit to those who had no job or money only speeded up the process and those who were responsible for this farce have moved up the ladder in government and corporate America. Now it looks like they are going to do the same thing again only the entire country is the target and it seems the majority of people are going along with it. I’m thinking Norway or possibly Chili.