by OLD1953 » Sat Oct 08, 2011 12:14 am
The economic models now seem to consider the 1930's and the current economic events as a "singularity", where predictions can't be made. If so, they should admit they are flying blind, and state in public that they cannot tell what the results of their meddling will be.
The debt downgrades are not unexpected. I suppose the markets will rise on the news.
The Mexican govt is reluctant to truly reign in the drug cartels, because that is now their major source of US dollars flowing to Mexico. They can't allow such a challenge to their authority either - so they are schizophrenic on the issue.
I'll wager anyone the US will NOT pull out of Afghanistan on schedule in 2014.
Right wing, left wing, those are nearly meaningless terms today, about as meaningful as the economic predictions coming from the various bodies that issue such. The people who are marching, whether on Wall Street or in Israel or Egypt or Mexico all want the same thing, some form of security in their lives and certainty that it won't be taken from them tomorrow. They want predictability in all matters relating to security, whether it is food prices, housing costs, wages, inflation, deflation, or whatever other issue they deem relevant to their personal safety and well being. The real difference between them is in which issue they have personally selected as most important, and that's the one they'll march for. This does not mean all the other issues are NOT important to them, just that this particular issue is their own "most important" issue.
The entire world is beginning to scream for relief, and back to my old analogy, they want the bandaid ripped off, and QUICKLY!
The economic models now seem to consider the 1930's and the current economic events as a "singularity", where predictions can't be made. If so, they should admit they are flying blind, and state in public that they cannot tell what the results of their meddling will be.
The debt downgrades are not unexpected. I suppose the markets will rise on the news.
The Mexican govt is reluctant to truly reign in the drug cartels, because that is now their major source of US dollars flowing to Mexico. They can't allow such a challenge to their authority either - so they are schizophrenic on the issue.
I'll wager anyone the US will NOT pull out of Afghanistan on schedule in 2014.
Right wing, left wing, those are nearly meaningless terms today, about as meaningful as the economic predictions coming from the various bodies that issue such. The people who are marching, whether on Wall Street or in Israel or Egypt or Mexico all want the same thing, some form of security in their lives and certainty that it won't be taken from them tomorrow. They want predictability in all matters relating to security, whether it is food prices, housing costs, wages, inflation, deflation, or whatever other issue they deem relevant to their personal safety and well being. The real difference between them is in which issue they have personally selected as most important, and that's the one they'll march for. This does not mean all the other issues are NOT important to them, just that this particular issue is their own "most important" issue.
The entire world is beginning to scream for relief, and back to my old analogy, they want the bandaid ripped off, and QUICKLY!