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| Thread ID: 111423 | 2010-07-26 16:45:00 | Economists Afraid Of 'Deflation' Now | SurferJoe46 (51) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1122610 | 2010-07-27 03:37:00 | Uh huh . The financial footprint of Upsidedown Land is still pretty small - but percentages-wise, it's prolly the same numbers . Being as small as youse guys are, is a blessing and a malediction at the same time . First - the bigger countries don't even THINK of NZ as a place, let alone one with people . This makes you safe and that's a good thing if you get forgotten in the machinations of this next wave of bank failures . (see note) Second - With a self-serving foodstuff heavy and cottage industry-type lifestyle you will be less susceptible to the pangs and anguish of decreased commerce and loss of jobs as it is here in the US . The US gets it's food and other incidentals and energy from other places - not all are overseas - but even the stuff that's produced here is usually on the opposite coast or in the North when you are in the South . The distances here are huge and we cannot just drive to New York from California for a good pizza - (that's sarcasm) . NOTE: In the US - banks are credit unions, water districts and co-ops as well as the usual biggie named financial institutions . Banks are everywhere in the form of private investment corporations and like I said: co-ops . All these banks tried to ride the bull market and now they are gonna NARFLE THE GARTHOK . It's a seriously flimsy house of cards they built . |
SurferJoe46 (51) | ||
| 1122611 | 2010-07-27 03:50:00 | I believe a certain K Marx made mention of this flimsiness in his well known pamphlet 'Das Kapital' the other day. (sarcasm) :D en.wikipedia.org |
KarameaDave (15222) | ||
| 1122612 | 2010-07-27 05:27:00 | Are you suggesting government intervention in the housing market??? That sounds like communism to me, prefect! :D Capitalism - letting the market dictate the price based on demand.... Blardy hell JC you are dead right, dont know what come over me. It wont happen again. |
prefect (6291) | ||
| 1122613 | 2010-07-27 05:44:00 | You see how devious that communism is - if it can corrupt prefect, what hope is there for the rest of us!! :D | johcar (6283) | ||
| 1122614 | 2010-07-27 06:03:00 | :lol::lol: | KarameaDave (15222) | ||
| 1122615 | 2010-07-27 07:03:00 | Look at the graph of what happened to the us stock market between 1928 and 1936 and then on to 1941. You see the clasic double dip recession/correction, and the slow recovery in the next decade. Then look at what has happen in the last three years. If you cant see where we are, and what should logically happen next you should probably go back to basic economics. look also at the us nz dollar cross rate and think about what has happened. The nz dollar recovered way way to fast, nz always lags the world by about a year in economic data. Mainly because of our forward ordered commodoties. The correction is far from over.:) |
angry (15305) | ||
| 1122616 | 2010-07-27 07:32:00 | First - the bigger countries don't even THINK of NZ as a place Second - With a self-serving foodstuff heavy and cottage industry-type lifestyle you will be less susceptible to the pangs and anguish of decreased commerce and loss of jobs as it is here in the US . Right . 1)Which is why we have to sell to China now . 2)Wrong, plenty of decreased commerce and lack of jobs happening now . |
pctek (84) | ||
| 1122617 | 2010-07-27 07:41:00 | And also don't forgot back in those days they had plenty of cheap oil, no over-population problem and plenty of as yet unexploited raw resources, no environmental problems to speak of plus a naive consumer base waiting for a golden future which was always just around the corner. It will be awhile before things get better, if ever. | zqwerty (97) | ||
| 1122618 | 2010-07-27 16:02:00 | Up jumps the devil . I guess I was being psychic or somethin' - but here's an article on just what I wuz saying: As the recession drags on and savings are exhausted, some of Silicon Valley's jobless are turning to their 401(k) retirement plans for money to pay for mortgages, health care insurance and daily expenses, even though they rack up stiff penalties and lock in market losses from the crash . LINK:: . siliconvalley . com/news/ci_15606722?nclick_check=1" target="_blank">www . siliconvalley . com |
SurferJoe46 (51) | ||
| 1122619 | 2010-07-27 16:16:00 | Right . 1)Which is why we have to sell to China now . 2)Wrong, plenty of decreased commerce and lack of jobs happening now . China's gonna be a problem though . They are experiencing economic growth, but not at the speed they want, nor the gov't will allow for some rather arcane reasons . The prices of having things built, manufactured and generally doing business in-toto, is getting more expensive there . That bodes badly for everyone involved - China and it's consumers . With the Yuan/USD being artificially covalent, it creates inflationary fees for the indigenous persons in that country and at the same time they insist on higher wages so they can buy the things they make for export . It's like working in a candy factory for poor, starvation wages - you can't even afford to buy any of the sweets you make - that's frustrating! I cannot see how the Chinese can be a valid storefront for ANY other countries yet - maybe later on when things become more level-playing-fielded, but not yet . Unfortunately, this also calls for a singular monetary system that rises and falls in value on an earth-wide scale, not just zonally or topically, and THAT is rife with all sorts of socio-political ramifications and selling out your monetary system to buoy up a weaker one at your expense . Not many people are so philanthropic when it comes to THEIR livelihoods and income security . In other words: "I'll give up my next meal right after you do" . |
SurferJoe46 (51) | ||
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