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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: bart13 who wrote (100724)5/23/2013 3:11:15 AM
From: John Vosilla  Read Replies (1) | Respond to of 217541
 
Debt to GDP coverage ratio looks a heck of a lot easier to manage with the ten year under 2% versus say 5% or 6%. Now take the yield curve from 2006 or even the late 1990's and roll over $17T in debt and the situation becomes quite dire..



To: bart13 who wrote (100724)5/26/2013 1:03:18 AM
From: elmatador1 Recommendation  Read Replies (2) | Respond to of 217541
 
My first reaction was: A theory defending debt will be very popular. Guys like me, klaser and TJ are very depressing!

But again, reality is depressing. Dreams are much better.

That is why we buy lottery tkts. Lottery tkts are bought by the lower educated people. That's why most winners are uneducated people. IT is irrational since the odds are against the buyer. But for 1USD or any other currency, the guy can dream at that very low cost.

How they reason: The odds are stacked against him but the prize is always one by someone.

I tell Experiment to buy one for me. She says: I have more chances to be killed going to buy it than you to win it.



To: bart13 who wrote (100724)5/26/2013 1:07:56 AM
From: elmatador  Read Replies (1) | Respond to of 217541
 
Correlation Gold Standard and less % income for the top 10%. Here is a snapshot of income distribution during the past 100 years:



The Great Compression ended in the 1970s. Wages stagnated, inflation raged, and by the decade's end, income inequality had started to rise. Income inequality grew through the 1980s, slackened briefly at the end of the 1990s, and then resumed with a vengeance in the aughts. In his 2007 book The Conscience of a Liberal, the Nobel laureate, Princeton economist and New York Times columnist Paul Krugman labeled the post-1979 epoch the "Great Divergence.

slate.com