|
Niall Ferguson Interview on Deficit and Monetary Policy
07-12-2010, 01:05 PM
|
#1
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
Niall Ferguson Interview on Deficit and Monetary Policy
niall ferguson a u.s. debt crisis is on its way: Tech Ticker, Yahoo! Finance
Warning-this may not be a good interview for people who prefer not to see "negative viewpoints".
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
|
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!
Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!
You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!
|
07-12-2010, 02:12 PM
|
#3
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
Interesting chart. Though it will take me a while to really understand what it is saying.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
07-12-2010, 03:51 PM
|
#4
|
Thinks s/he gets paid by the post
Join Date: Jun 2005
Posts: 4,391
|
This guy received alot of press last week at the Aspen Ideas Festival conference.
If you do a search you'll find many links to his speech.
here is one of those links:
Professor says recession has put U.S. ‘on the edge of chaos' | PostIndependent.com
Personally I see the issues he refers to but believe that even our dumb ole' politicians will legislate change before it's as bad as he says.
|
|
|
07-13-2010, 08:40 AM
|
#5
|
Recycles dryer sheets
Join Date: May 2008
Posts: 350
|
Quote:
Originally Posted by haha
Warning-this may not be a good interview for people who prefer not to see "negative viewpoints".
Ha
|
I like your warning. I read in another thread, some people use the "ignore" option on people who are "doom and gloomers". I'd hate to see you fall into that catagory. This is a far better strategy.
|
|
|
07-13-2010, 09:13 AM
|
#6
|
Recycles dryer sheets
Join Date: May 2008
Posts: 350
|
From the book Retirementology by Gregory Salsbury..
Quote:
...as of September 30, 2009, the national debt was almost $12 trillion, and the interest on that debt was $383 billion for the year, according to the Treasury Department's Bureau of the Public Debt. In August 2009, the White House Office of Management and Budget estimated total government revenues at about $2 trillion. The revenue estimate included $904 billion from individual income taxes. This means the cost of interest on the debt represented more than 40 cents of every dollar that came in from individual income taxes.
|
|
|
|
07-13-2010, 09:25 AM
|
#7
|
Recycles dryer sheets
Join Date: May 2008
Posts: 350
|
Another quote from Retirementology by Salsbury.
Quote:
How high would a pile of money be if it contained $1 trillion dollars of $100 dollar bills? Common responses to that question might be, "30 feet!" or"The height of the Empire State Building!" or "As high as the length of three football fields!" Not even close. Would you believe 789 miles tall? That about the height of 144 Mt. Everests! That's a lot of "Benjamins", as the kids say.
|
|
|
|
07-13-2010, 09:25 AM
|
#8
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
|
I don't think there are many on this board who are not concerned about the issues raised by perma-bears. But the idea that we're doomed, that we cannot make adjustments, that we have no clue, does not account for any other possibility...
__________________
Have Funds, Will Retire
...not doing anything of true substance...
|
|
|
07-13-2010, 10:50 AM
|
#9
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
|
Quote:
Originally Posted by HFWR
I don't think there are many on this board who are not concerned about the issues raised by perma-bears. But the idea that we're doomed, that we cannot make adjustments, that we have no clue, does not account for any other possibility...
|
Very well said!
And most of this is out of our individual control anyway. What is the point of going through life feeling doomed? Best to make hay while the sun shines, and for me, as long as I am healthy, and I have money in the bank, the sun is shining.
Carpe Diem!
Audrey
__________________
Retired since summer 1999.
|
|
|
07-13-2010, 10:53 AM
|
#10
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
|
Many of the recent warnings have not come form perm-bears, but from academics or other distinguished people who are responding to what they see in the current environment.
And I don't think that we should be too sure that there are not points of no return, at least in the sense that the changes that would have to be made to reverse course may entail political cataclysm.
To me this remains an open question.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
|
|
|
07-13-2010, 04:12 PM
|
#11
|
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: May 2005
Location: Lawn chair in Texas
Posts: 14,183
|
Quote:
Originally Posted by haha
Many of the recent warnings have not come form perm-bears, but from academics or other distinguished people who are responding to what they see in the current environment.
And I don't think that we should be too sure that there are not points of no return, at least in the sense that the changes that would have to be made to reverse course may entail political cataclysm.
To me this remains an open question.
Ha
|
Perhaps perma-bears wasn't the best term. But I remember being pretty doom-and-gloom back in the 70s, and figuring it wasn't worth the effort.
I was wrong...
__________________
Have Funds, Will Retire
...not doing anything of true substance...
|
|
|
07-13-2010, 06:48 PM
|
#12
|
Recycles dryer sheets
Join Date: May 2008
Posts: 350
|
How do you spot the difference between a bear and a perma-bear? Do I become one after a certain number of years? What if I was bearish on the market as a whole, and bullish on some sectors? Are there perma-bulls? What if I feel a sense of doom but not gloom?
Sorry, I just don't get the label stuff.
|
|
|
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
|
|
Thread Tools |
|
Display Modes |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» Recent Threads
|
|
|
|
|
|
|
|
|
|
|
|
|
» Quick Links
|
|
|