U.S. Economy...

Will the recent US gov't spending and the growing unemploymet rate coupled with the federal reserve's actions along with the treasury's printing of over 300% more dollars lead to stagflation in the next three years. If so, how will this affect the current recession. Forget the analyists' and pundints, what do YOU think our chances our of a global depression? Furthermore, what are things like in your part of the world in contrast to the generalized reports coming from whatever news outlet you watch.
What do you think the UE rate will top out at or has it already? Do you think the mark to market change will make a difference in the Stock Market? Would the threatened "Uptick Rule" re-institution make any difference in the current state of the economy? What would your suggestions be to fix the mess? Finally, can you kill a Zombie bank by shooting it in the head?

Originally posted by tsscls
Forget the analyists' and pundints

~hysterical~ People can't and don't think for themselves like that.

Anyway, my part of the world is doing awesome.

our banks refused a bailout 🙂

Originally posted by inimalist
our banks refused a bailout 🙂

Hooray! Prepare to have your nation purchased by China.

I think the trillion plus dollars they just basically printed will have serious ramifications during the next couple years. Look for inflation to rise sharply and oil prices to skyrocket again due to the weakening dollar

Michigan is the worst state in this economy. 🙁

It's like we are living in a depression.

It's funny that everyones acting like it's a huge deal that we are in such national debt. Our nation has always been in huge debt. We're not going poor by any means. Our GDP as a nation is 14 trillion dollars. The next closest country is japan with 4 trillion (to put that in perspective we spend 1trillion just for our military). We are by no means a poor nation, we just waste our money. We need to learn to spend responsibly and we would not be in such hard times.

If there's anyone out there with a good grasp of economics, what is the point of printing more currency? You can't actually create more value in the world, it seems like it's just a way to provide moral support.

Originally posted by Symmetric Chaos
If there's anyone out there with a good grasp of economics, what is the point of printing more currency? You can't actually create more value in the world, it seems like it's just a way to provide moral support.

http://money.howstuffworks.com/currency9.htm

Originally posted by LDHZenkai
There's no real point in currency anyway.

Communist! 😱

Originally posted by LDHZenkai
But yea here you go. This should help you out:

http://money.howstuffworks.com/currency9.htm

Thx.

Originally posted by Symmetric Chaos
~hysterical~ People can't and don't think for themselves like that.

Anyway, my part of the world is doing awesome.

Originally posted by Symmetric Chaos
If there's anyone out there with a good grasp of economics, what is the point of printing more currency? You can't actually create more value in the world, it seems like it's just a way to provide moral support.

getting ready for deflation?

Crazy deflation, more pay cuts, inflated tax policies. ugh.

Originally posted by Symmetric Chaos
Hooray! Prepare to have your nation purchased by China.

??

like the way they own all your debt?

Originally posted by inimalist
??

like the way they own all your debt?

Do you see the difference?

Originally posted by inimalist
??

like the way they own all your debt?

Originally posted by LDHZenkai
It's funny that everyones acting like it's a huge deal that we are in such national debt. Our nation has always been in huge debt.

I assume you are referring to national debt as a relative function of GDP. Right? Pre-1900, wasn't the Federal budget better managed?

If you're talking about debt in terms of equivalency by time ($2 is $5 today..etc.), then I still think pre 1900s, the Federal budget was "better" managed.

Originally posted by LDHZenkai
We're not going poor by any means. Our GDP as a nation is 14 trillion dollars.

True. Per capita income is like...$47,000 or more per person. Quite a bit.

Originally posted by LDHZenkai
The next closest country is japan with 4 trillion (to put that in perspective we spend 1trillion just for our military).

US military spending is like, $650 billion.

http://www.gpoaccess.gov/usbudget/fy09/pdf/budget/defense.pdf

Originally posted by LDHZenkai
We are by no means a poor nation, we just waste our money.

You, sir, are correct beyond all doubt. Now that Americans are starting to save it, it's got creditor's panties in a wad. It's retarded because Americans are still not saving near enough. If they saved enough, I wouldn't have to pay for their SS checks...and, instead, could be saving more for my own retirement.

I checked my finance behavorial patterns. I pump lot's of my own money into this country. Where is my fair slice, Obama? (lol, campaign rhetoric joke.)

Originally posted by LDHZenkai
We need to learn to spend responsibly and we would not be in such hard times.

I fully agree with you.

Originally posted by dadudemon
I assume you are referring to national debt as a relative function of GDP. Right? Pre-1900, wasn't the Federal budget better managed?

If you're talking about debt in terms of equivalency by time ($2 is $5 today..etc.), then I still think pre 1900s, the Federal budget was "better" managed.

True. Per capita income is like...$47,000 or more per person. Quite a bit.

US military spending is like, $650 billion.

http://www.gpoaccess.gov/usbudget/fy09/pdf/budget/defense.pdf

You, sir, are correct beyond all doubt. Now that Americans are starting to save it, it's got creditor's panties in a wad. It's retarded because Americans are still not saving near enough. If they saved enough, I wouldn't have to pay for their SS checks...and, instead, could be saving more for my own retirement.

I checked my finance behavorial patterns. I pump lot's of my own money into this country. Where is my fair slice, Obama? (lol, campaign rhetoric joke.)

I fully agree with you.

Originally posted by LDHZenkai
The amount we spend on our defense budget is 650 billion. If you factor in what gets spent for research in development it comes up to a trillion. The numbers for military r&d can be found from the records of the energy department. I also added in veterans affairs and whatnot since that's defense related.
http://en.wikipedia.org/wiki/Military_budget_of_the_United_States

Well, WHY didn't you say so?

😆

I was nitpicking, really. When someone says "military budget" it is just that to me. When someone says "R&D budget" it is just that. When someone says "total government operational costs" it is just that.

Your post was right on. I have this weird OCD thing about numbers. they have to be right, or in the general vicinity.

Originally posted by LDHZenkai
They only own like 400 billion in U.S. debt. Japan actually owns more of our debt, but we have a much better relationship with them so it's not that big of a deal. Also, as far as our debt to China, we are their biggest exporter. So where as we do owe them about 400 billion we also make up almost 20% of their GDP. So when it comes down to it the only reason they bought any of our debt was because if our country suddenly tanked so would theirs (and most everyone else).

No. China IS the biggest owner of US debt with almost quater of all debt owing to China. And you owe them over 700 billion.

US Treasury Department - http://www.treas.gov/tic/mfh.txt