Daniel Shporin
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Daniel Shporin
Sounds good, I'm in.
142 weeks ago from Investing
Daniel Shporin
I can't really answer that in 140 characters, but simply-too much debt, much of which will be defaulted (housing continues a decline.)
142 weeks ago from Investing
Daniel Shporin
So what are everyone's thoughts on this rally?
142 weeks ago from Investing
Daniel Shporin:
Jason--I think the worst is yet to come. I'm anticipating around 60-80% off the highs within 5 years.
142 weeks ago
142 weeks ago
Monica Carol Evans
Read this today http://www.nytimes.com/2009/08/17/opinion/17mon1.html?_r=1&th&emc=th Any thoughts?
Mike Dammann:
This is really boosts based on temporary relief. I see no long term benefits coming any time soon. And the FR is "fake money" so to speak
139 weeks ago
139 weeks ago
Mike Dammann:
The other issue is foreign companies investing less and less in the US, so a boost has to come from within and thru enterprise, not governmt
139 weeks ago
139 weeks ago
Daniel Shporin
Hey guys check out this article about the internet on a site I'm writing for- http://misinheritance.com/2009/08/03/the-internet/
146 weeks ago from Tech Gurus
Daniel Shporin
Hi. I'm a writer for http://misinheritance.com/ We look at social trends and how they are changing due to the economy.
Daniel Shporin
Hey guys check out a new site I'm writing for- http://misinheritance.com/
Daniel Shporin
Right, savings isn't bad right now, I'm not a Keynesian, I was just saying savings was bad in the 40s.
Daniel Shporin
I can't really explain that question in 150 characters, but when I launch my site I have an article planned answering that.
Irina Issakova:
It seems that savings is good when that money is put towards the most productive use of it. Like new production (food, real stuff).
152 weeks ago
152 weeks ago
Irina Issakova:
But in recent years, economy was growing not through useful/real production, but fueled by consumption. So not sustainable?
152 weeks ago
152 weeks ago
Daniel Shporin
Savings are bad after a depression and you want people to start spending to get the economy moving, not when you have a $56.4 trillion debt.
Daniel Shporin:
All of it is held, money is just created from that which is held. ie- $100k savings=$900k possible loan.
152 weeks ago
152 weeks ago
Ben Donahower:
On a macro scale perhaps, but for the ave. person, cash is imp. to hedge against job loss, put $ in their home with a good ROI, etc.
143 weeks ago
143 weeks ago
Milena Thomas
Maybe I should stage some kind of Economic Showdown. Hmm.
Daniel Shporin:
Unfortunately, Europe's wealth is based off MBS' derived from our housing market. China/Singapore/Japan/New Zealand are better.
152 weeks ago
152 weeks ago
Daniel Shporin
I'd say something but I'm working on launching a website concerning just that. More on that next week....
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