Well, I guess its better than buying yachts for rich banker guys.

 

Japanese Finance Minister Sees Trust in U.S. Debt as 'Unshakable'

Japan will continue to trust the credit of the U.S. Government, said the Asian country's Finance Minister Kaoru Yosano in an interview in Tokyo today. He also renewed his belief in the U.S.' strong-dollar stance. "We have complete trust in the fact that the U.S. views its strong-dollar policy as fundamental" hence "our trust in U.S. Treasuries is absolutely unshakable," he said. The news may come as a relief to bond traders as speculation that the Federal Reserve's quantitative easing policy would cause the Dollar to plummet and thus make the government's debt repayments worth less.

Japanese Finance Minister Sees Trust in U.S. Debt as 'Unshakable'

 

This post is great.... don't believe the nonsense about the "bad" economy but global warming well.... that's an indisputable fact, the debate is over.

As we all know, you can only claim the sky is falling so many times......

 

You forgot the crash in the early nineties after the dot com debacle. But, you are right in that there was a recovery. However, at that time we weren't faced with European style socialism, which means low/no growth and chronic high unemployment. I've read where unemployement for people under thirty has been in the fifteen to twenty percent range for the past two decades. We see occassional news reports of young people in European countries rioting because there are no jobs for them.

People need to realize that any time the government becomes involved in solving the problem, the problem gets worse, not better. I read yesterday where memo's have surfaced telling how the White House forced Bank of America to buy Merrill Linch for a price $15 billion higher than experts figured it was worth, which also turned out to be an inflated value. Now BOA is in bankruptcy and it's stock holders are taking a bath. You've gotta wonder how we can expect any long term recovery with that kind of crap going on.

 

Huh? The dotcom crash started in 2000 and ended in 2003. There was a crash in 1987, but hardly anything to change anyone's life.

What about Clinton? Rush was selling books and even started flapping his jawls on a new tv show to pump is his book, "See, I told you so."

Where did you read this stuff?

Really not sure where you get your news, but Bank of America is doing great. Their stock is up nearly 5 times since March! That's from $3 to $15! Of course its down from the $40's, but give it time.

 

Talk Radio

 

Exactly....and we know where it's going; to Goveror Palin's fine state of Alaska! Or to Rick Perry in Texas. There's another Republican controlled state that cries about pork, yet are two of the largest receivers of federal funds. The hyprocracy is laughable. Perry is the guy who wants to leave the Union.....good luck with that dude. How many Billions has the state of Texas siphoned off the American people during the last 8 years is anybody guess.

 

What's interesting is that it's just a graph by some noname poster on some conservative blog? Nothing could be distorted there....

 

Huhhh. Who ever said the GW debate is over. Who ever said there was no bad economy presided over by 8 years of Republican rule. It's bad alright. Thanks for the mess.

 

Now, this graph is interesting: Chart of the Day - Current recession longest since the Great Depression

As I said before, we're closer to the end of the recession than the beginning.