dagblog - Comments for "Government Debt: The Final Bubble"

It is really a fantastic

Davis — Fri, 03 Apr 2009 06:50:31 +0000

In reply to Government Debt: The Final Bubble

It is really a fantastic article and it is superb article really wonderful excellent and mindblowing.

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Davis

http://www.stop-credit-card-debt.com/

i hear you, though i still

Deadman — Fri, 27 Mar 2009 22:14:44 +0000

In reply to It's a good article and

i hear you, though i still question the premise the idea that a nation that's already mature and fully developed AND mired in debt can stimulate its way out of a recession without merely postponing the ultimate day of reckoning.

btw, interesting that i read the piece today, the same day as when all the country's big bankers gathered in DC for a powwow with the president. certainly seems that perhaps we listen to these guys too much. especially given that many of them are partly responsible for the policies and practices that exacerbated the crisis if not largely created it.

If you found the Atlantic

acanuck — Fri, 27 Mar 2009 20:23:10 +0000

In reply to Yeah, Simon Johnson really

If you found the Atlantic piece enlightening, try Johnson's website:http://baselinescenario.com/

Read his Financial Crisis for Beginners. I don't know if he's 100% right, but he sure can explain stuff.

Yeah, Simon Johnson really

acanuck — Fri, 27 Mar 2009 19:39:44 +0000

In reply to A long, disturbing, necessary

Yeah, Simon Johnson really lays it on the line. Grim.

It's a good article and

Michael Wolraich — Fri, 27 Mar 2009 19:15:00 +0000

In reply to A long, disturbing, necessary

It's a good article and certainly worrisome, but it's also telling that there was no talk of stimulus. The IMF has a bad reputation for ruining economies by demanding spending restrictions and strong currencies, very bad ideas during a recession. The organization's role in Argentina's economic collapse has been widely criticized, and the IMF itself admitted mistakes. Brazil faced similar pressures to Argentina's but succeeded in negotiating better terms with the IMF. Unlike Argentina, which kept its peso pegged to the dollar at the IMF's insistence, Brazil allowed its real to fall. Brazil quickly recovered. Argentina is still mired in recession. That said, I'm not sure what Johnson's position was during that crisis.

A long, disturbing, necessary

Deadman — Fri, 27 Mar 2009 16:41:24 +0000

In reply to Government Debt: The Final Bubble

A long, disturbing, necessary read. One I agree with almost entirely, and one that dovetails somewhat with the above post.

Count me in. Whoo, this is

acanuck — Fri, 27 Mar 2009 00:29:00 +0000

In reply to You've inspired me to write a

Count me in. Whoo, this is like knowing the quiz questions in advance.

You've inspired me to write a

Michael Wolraich — Thu, 26 Mar 2009 22:20:09 +0000

In reply to I'm sorry I snapped at

You've inspired me to write a post on the meaning, significance, and future of U.S. "hegemony." Maybe next week after my deadline. We can have a good smackdown then.

i took no offense to the

Deadman — Thu, 26 Mar 2009 22:07:53 +0000

In reply to I'm sorry I snapped at

i took no offense to the original statement, but i did mean hegemony (tho perhaps the word is a bit too strong). i was just merely offering up a prediction, not trying to imply such an event would a good or a bad thing. i can understand the confusion, however, the word is a bit loaded with connotation, and most of my other predictions were clear negative events. for better or worse (and personally, i may be biased here, but i think it's been largely for the better), it's quite clear that for most of the past century, America has dictated and influenced world events more than any other nation.

I'm sorry I snapped at

acanuck — Thu, 26 Mar 2009 21:22:08 +0000

In reply to Watch out what you wish for.

I'm sorry I snapped at Deadman. I don't think he really meant "hegemony." But we're not exactly living in an era of world peace now.