tag:blogger.com,1999:blog-2992740250270600844.post9158823660584106117..comments2024-03-24T05:26:32.964-07:00Comments on Advancing Time: Lack of Momentum And The Lag Time Of AttritionBruce Wildshttp://www.blogger.com/profile/10181323607060607040noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2992740250270600844.post-5532848415131342402015-11-13T15:21:19.275-08:002015-11-13T15:21:19.275-08:00Chazz, Thanks for the comment, I only wish you had...Chazz, Thanks for the comment, I only wish you had given a general indication as to what part of the country you are in. You left be a bit curious because this so called "recovery" has been so uneven, thanks again., Bruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-51081215761978220712015-11-12T21:27:40.387-08:002015-11-12T21:27:40.387-08:00I see the same thing in my town, and it scares me.... I see the same thing in my town, and it scares me. They are letting some really marginal people borrow lots of money, and there is a lot of frenzied construction. And some of the projects that blew up in '08 still aren't full, but lets build another strip mall just down the road. They are also starting to build giant houses on really weird lots. The financial situation of some of my tenants has also deteriorated. The signs aren't good, and another downturn will mean more ratcheting down of living standards. People I know that have recently applied for SNAP are getting tiny allocations: one got $16 and another got $19. The economy was shipped overseas for fun and profit, and now even the crumbs falling off the table are getting smaller. Its like if you have a bad business idea, or buy a car you really can't afford, then you get the money, but have to eat? Too bad.<br /> chazzhttps://www.blogger.com/profile/11039483494805931221noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-58124215212699539132015-11-07T19:35:15.304-08:002015-11-07T19:35:15.304-08:00Two thoughts; To most people the collapse of the S...Two thoughts; To most people the collapse of the Soviet Union came as a complete surprise, and the second, the financial problems that plague America and the world started long before 2008. Back in September of 2012 I wrote an article reflecting on how the economy of today had been greatly shaped by the actions that took place starting around 1979.<br />Interest rates, inflation, and debt do matter and are more significant than most people realize. By taking interest rates to nose bleed levels Fed Chairman Paul Volcker brought inflation back under control and in doing so he reset the economic system for decades.<br /><br />http://brucewilds.blogspot.com/2015/04/interest-rates-inflation-and-debt-matter.htmlBruce Wildshttps://www.blogger.com/profile/10181323607060607040noreply@blogger.comtag:blogger.com,1999:blog-2992740250270600844.post-83850624789763767092015-11-06T06:13:43.556-08:002015-11-06T06:13:43.556-08:00Yes indeed. Adolph Hitler got that wrong too. I du...Yes indeed. Adolph Hitler got that wrong too. I dunno if it is just apocryphal, and he certainly wouldn't have said it in English, but before he attacked the Soviet Union he said sommat like - "The whole structure is rotten to the core. All it needs isone good kick, and the whole structure will collapse." And so it did, 44 years after Hitler and his thousand year Empire had gone belly up.Chris Goodwinhttps://www.blogger.com/profile/01200040962235132479noreply@blogger.com