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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (104475)	8/16/2009 4:04:26 PM
From: Elroy Jetson	4 Recommendations Read Replies (2) \| Respond to of 110194

The Great Depression was ended by time, which also ended all prior economic depressions. Bad investments have to be liquidated, consumption declines as an increased savings rate replaces deleted capital stocks. Unfortunately this takes time. The longer the credit bubble was which preceded the economic depression, the longer the economic depression lasts. Governmental spending, whether on welfare, public works, or warfare, replaces some or all of the reduced consumer and business spending. This makes the immediate effects of the decline in spending less severe, but at the cost of a drag on the economy later on. .

To: TobagoJack who wrote (104475)	8/17/2009 1:47:50 AM
From: Seeker of Truth	1 Recommendation Read Replies (1) \| Respond to of 110194

Jack you've been right on for decades now. How well do I remember your prediction of the tech crash considerably before it happened. All this admitted, I think the outlook for Canada is not so terrible as you think. The average Canadian pays the governments about 30% of their income. I say governments as the provincial and federal and sometimes even the city all take part of the 30%. The maximum bracket is 52%. (From personal experience.) On the other hand the free medical attention is worth a lot; the average Canadian doctor is pretty well trained. My wife has had five serious operations and the results were superb in all the five. I have had two successful cataract operations and one other operation. ALL FREE. There's a little matter of OIL SANDS. They make Alberta and Saskatchewan provinces rich. East of there are wheat fields, unending flat stretches, full of wheat. Still further east of that, there are mines for almost everything, not to omit uranium and also forests. Also the banks bother to check up on the situation before lending residential mortgages. Granted HK has a glorious climate, absent in cold Canada. HK is the second largest port in the world. HK is heaven if you work very hard and/or are very smart. Canada gets ambitious immigrants from around the world, notably China and India. It's not heaven but its pretty good. Seeker of Truth