If we had real evidence of MMGW we should be pressing China to comply with our environmental standards.

 

(Re: Chronic unemployment in Europe.)

See Site - Young and jobless in Europe: getting a foot in the door

Just Google unemployement and europe and you'll find plenty more to read.

You're right though about BOA not being bankrupt. However, the government did force them to pay $15 billion more for Merrill Lynch than their accountants figured it was worth. News reports this past week question whether it was even worth that.

You also indicated that 1987 crash was no big deal. Where did you get that idea?

"October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong, spread west through international time zones to Europe, hitting the United States after other markets had already declined by a significant margin. The Dow Jones Industrial Average (DJIA) dropped by 508 points to 1738.74 (22.61%).[1] By the end of October, stock markets in Hong Kong had fallen 45.8%, Australia 41.8%, Spain 31%, the United Kingdom 26.4%, the United States 22.68%, and Canada 22.5%. New Zealand's market was hit especially hard, falling about 60% from its 1987 peak, and taking several years to recover."

I'll have to admit though that the stock markets have recovered fairly well, again. But, I still think we need to be concerned about long-term consequences of government taking over major segments of the economy and businesses.

How about GM deciding to keep open a warehouse facility in Barney Frank's district after getting a call from the Congressman? A business decision was negated by political pressure. That's scary.

 

How do I know the 87 crash was no big deal?

Well, here's a chart of the s&p 500:



You see 1987 in there? Was it a big deal? Don't think so.

In 1987 I was 14. I was in school the day the market crashed. Dad had been an investor since the 70's and seemed to do ok at it, so, after school I asked him what was up with the markets and he said "Its no big deal."

I don't know about the other stuff you're on about.

 

That chart seems very strange. I was consulting for an investment firm at the time of the 1987 crash, and believe me it was a big deal. My client had trouble reaching brokerage firms on "Black Monday" and for some time afterward, because they wouldn't answer their phones. But, I guess it did not have much long term impact.

The thing to keep in mind is that back then we didn't have government directing car companies, banks and brokerage firms. The market sorted itself out and kept going. Things are very different today.

 

Quoting from 2009:

Just think of all the money you could have made if you had agreed with me.

 

Anyway, we may get a chance to try again.





When we finally do get inflation, I don't see how they (Fed, ECB, BOJ, etc) will be able to raise rates high enough to stop it without causing defaults on the debt they created. It's either: crash the system or let inflation run away. It doesn't look good.

I'll come back in another 7 years to see how accurate this call was

 

How much is this picture worth?

 

Atleast 270 electoral votes

 

I hope Trump is really as pro-gun rights, tax cuts, etc. as he says he is. He changes views every other day it seems. To me, it's kind of sad to see the final two candidates are a self absorbed, it's all about me, narcissist, and someone who quite possibly will be facing felony charges.

 

We haven't had a Honest president since Reagan but since you appear to be leaning towards the "never trump" crowd, can you tell me someone else who was running that also hasn't changed their mind depending on national reaction? Every politician that was in the race was essentially for amnesty of all illegals, trade agreements that have now shown to cripple the economy and all of them got rich off the tax payer. They call it public service but who do they really serve? Non of them ever sold a product or built anything. Non of them truly know how the economy works. Even Ted Cruz, who I liked in the beginning turned out to be a fraud. He even wanted to let the Syrian migrants here before he realized it would hurt him politically. He was all for auditing the fed, until the time to vote came around. Heidi, his wife, is far from a innocent housewife and If I was a betting man, I'd say the DC madam connection is very true. Also, he was born in Canada. Sure conservatives may not care now because he has a phony Texas accent but if it was a liberal Saudi who was born in Saudi arabia for the first 4 years of his life while having a mother with dual citizenship, I'd bet republicans would be in a uproar (and justifyably so). Maybe you won't agree on everything with trump, but his main talking points are what matters and they have been pretty consistent. We know who he is and what he strives for- and that's success. I don't believe he would sabotage his own ideas if he becomes elected.