Comments on: Debunking Mr. Krugman’s Debt-GDP Defense http://www.bearishnews.com/post/1805 Tue, 07 Sep 2010 12:41:09 +0000 hourly 1 By: youdontknowyourself http://www.bearishnews.com/post/1805/comment-page-1#comment-1316 youdontknowyourself Tue, 10 Nov 2009 22:32:45 +0000 http://www.bearishnews.com/?p=1805#comment-1316 The plot is incorrect. This has been discussed in detail elsewhere: http://philsbackupsite.wordpress.com/2009/02/06/ The plot is incorrect.
This has been discussed in detail elsewhere:
http://philsbackupsite.wordpress.com/2009/02/06/

]]> By: darshan premaratne http://www.bearishnews.com/post/1805/comment-page-1#comment-1315 darshan premaratne Tue, 10 Nov 2009 14:50:18 +0000 http://www.bearishnews.com/?p=1805#comment-1315 at the end fof WW2 USA had lots of worldwide goodwill, a strong manufacturing base that was the envy of the world & an accepted & respected financial system run by real investors, businessman & brokers. today they have none of the above. unless they start balancing their financial & manufacturing /consuming act it does not need top economists to technically analyse graphs & predict what's in store. anybody with an iota of intelligence can predict what's over the horizon. another serious problem is that the mainstream media seems completely detached from reality for whatever reason. maybe they are scared of the US govt. it's a real pity considering that the USA champions free media. the people also seem to have completely lost the will to protest. if this kind of deliberate & planned wealth confiscation happened in any other country there would have been massive riots. without any doubt the biggest damage is that the world has lost it's confidence in the USA government & financial system. they see USA govt & financial system as a trigger happy & crooked mafia that has been on the loose for too long. a runaway train that has now lost all its brakes. at the end fof WW2 USA had lots of worldwide goodwill, a strong manufacturing base that was the envy of the world & an accepted & respected financial system run by real investors, businessman & brokers.

today they have none of the above. unless they start balancing their financial & manufacturing /consuming act it does not need top economists to technically analyse graphs & predict what’s in store. anybody with an iota of intelligence can predict what’s over the horizon. another serious problem is that the mainstream media seems completely detached from reality for whatever reason. maybe they are scared of the US govt. it’s a real pity considering that the USA champions free media. the people also seem to have completely lost the will to protest. if this kind of deliberate & planned wealth confiscation happened in any other country there would have been massive riots.

without any doubt the biggest damage is that the world has lost it’s confidence in the USA government & financial system. they see USA govt & financial system as a trigger happy & crooked mafia that has been on the loose for too long.

a runaway train that has now lost all its brakes.

]]> By: Federal Spending Continued: Healthcare | Fantasticus http://www.bearishnews.com/post/1805/comment-page-1#comment-1186 Federal Spending Continued: Healthcare | Fantasticus Sat, 17 Oct 2009 23:06:37 +0000 http://www.bearishnews.com/?p=1805#comment-1186 [...] Right now our total credit market debt stands at 350% of Gross Domestic Product or GDP for short ( source with charts). If you are unaware of what GDP means, just think of it as the total amount of revenue our economy [...] [...] Right now our total credit market debt stands at 350% of Gross Domestic Product or GDP for short ( source with charts). If you are unaware of what GDP means, just think of it as the total amount of revenue our economy [...]

]]> By: Smalltownlawyer http://www.bearishnews.com/post/1805/comment-page-1#comment-1136 Smalltownlawyer Sun, 11 Oct 2009 03:22:12 +0000 http://www.bearishnews.com/?p=1805#comment-1136 It matters, too, what the debt bought. In WWII, it bought freedom for much of the world and placed the United States at the apex of the free world. What are we buying with our debt today? Not jobs, not a manufacturing base, not new markets, not good will, and probably not more than a temporary reprieve from the consequences of our affair with Bad Money. It matters, too, what the debt bought. In WWII, it bought freedom for much of the world and placed the United States at the apex of the free world. What are we buying with our debt today? Not jobs, not a manufacturing base, not new markets, not good will, and probably not more than a temporary reprieve from the consequences of our affair with Bad Money.

]]> By: Michael L. http://www.bearishnews.com/post/1805/comment-page-1#comment-762 Michael L. Mon, 24 Aug 2009 19:36:27 +0000 http://www.bearishnews.com/?p=1805#comment-762 Unfortunately PK is an ideologue not an intellectual. I was all for his initial attempts to take on the Bush/Obama administration's blatant favoritism toward the financial industry to the tune of billions of taxpayer dollars and the billions more being stolen every day by the steepening yield curve the banks are enjoying right now. But after having dinner with Obama, he suddenly changes his tune. Only a fool will miss the significance of the chart showing total consumer, business, and government debt at excess of 350% of GDP. Totally eclipsing the mark in the 250% set in the Great Depression. Debt at these levels is going to be a millstone around our neck until dealt with. Unfortunately PK is an ideologue not an intellectual. I was all for his initial attempts to take on the Bush/Obama administration’s blatant favoritism toward the financial industry to the tune of billions of taxpayer dollars and the billions more being stolen every day by the steepening yield curve the banks are enjoying right now. But after having dinner with Obama, he suddenly changes his tune. Only a fool will miss the significance of the chart showing total consumer, business, and government debt at excess of 350% of GDP. Totally eclipsing the mark in the 250% set in the Great Depression. Debt at these levels is going to be a millstone around our neck until dealt with.

]]> By: Adam I. http://www.bearishnews.com/post/1805/comment-page-1#comment-758 Adam I. Mon, 24 Aug 2009 18:01:46 +0000 http://www.bearishnews.com/?p=1805#comment-758 How is credit card debt and underwater mortgage debt not macroeconomic when taken in the aggregate? The point is stupid simple: America is consuming far more real value and resources than it produces, and is going into debt in order to do so. This is not sustainable. How is credit card debt and underwater mortgage debt not macroeconomic when taken in the aggregate?

The point is stupid simple: America is consuming far more real value and resources than it produces, and is going into debt in order to do so. This is not sustainable.

]]> By: fausto http://www.bearishnews.com/post/1805/comment-page-1#comment-754 fausto Mon, 24 Aug 2009 17:49:59 +0000 http://www.bearishnews.com/?p=1805#comment-754 This guy claims to be debunking Krugman’s post here. It is spreading fast on twitter and at first read it makes sense, until you read it again and think about it. On his first point I think he’s just plan silly….he’s confusing macro economic matters with micro economic issues…in other words PK is talking about Federal Debt and this guy is talking about credit cards and home loans. The rest of it is a little wonkish and I Hope PK will debunk the fake debunker because this is spreading fast on twitter! This guy claims to be debunking Krugman’s post here. It is spreading fast on twitter and at first read it makes sense, until you read it again and think about it.

On his first point I think he’s just plan silly….he’s confusing macro economic matters with micro economic issues…in other words PK is talking about Federal Debt and this guy is talking about credit cards and home loans.

The rest of it is a little wonkish and I Hope PK will debunk the fake debunker because this is spreading fast on twitter!

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