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03-08-2008, 03:54 PM
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#1 |
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PatsFans.com Supporter
Join Date: Dec 2007
Location: Winthrop,ma
Posts: 4,503
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8/28/2006 : Early warning on US economic bust
Early warning on US economic bust shown in this interview, but I wanted to kick ,the second guy, that Laffer hard in the nuts.
By the way , Laffer was the one who convinced Reagan that you could lower tax rates and raise spending and everything would be fine. Video: http://www.youtube.com/watch?v=LfascZSTU4o Bonus story : (sorry,more bad news) Mortgage market needs $1 trillion, FBR estimates Without that, prices of securities will fall, raising interest rates on home loans STORY |
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03-08-2008, 04:04 PM
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#2 | |
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Banned
Join Date: Mar 2006
Posts: 6,123
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Re: 8/28/2006 : Early warning on US economic bust
Quote:
If I predict "a full recovery is just around the corner" am I a genius when it happens in 2010...? |
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03-08-2008, 04:09 PM
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#3 |
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PatsFans.com Supporter
Join Date: Dec 2007
Location: Winthrop,ma
Posts: 4,503
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Re: 8/28/2006 : Early warning on US economic bust
"I'll bet you a lot more than a penny"
/HAHAHAHA , he lost the penny ! and 25% of his stocks , thanks google for the info. |
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03-08-2008, 04:24 PM
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#4 |
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Veteran Starter w/Big Long Term Deal
Join Date: Apr 2006
Location: Central Mass
Posts: 8,342
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Re: 8/28/2006 : Early warning on US economic bust
great find welker. schiff is right on point. amazing how much in denial laffer is in and the reporter was too.
spending and saving is a roller coaster and spending is going down. guess that's what happens when you buy on credit
__________________
"There are two categories of superbowl participants that nobody remembers: The team that lost the game and the team that only won one." Dwight White- Steelers |
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03-08-2008, 04:41 PM
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#5 | ||
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PatsFans.com Supporter
Join Date: Dec 2007
Location: Winthrop,ma
Posts: 4,503
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Re: 8/28/2006 : Early warning on US economic bust
Quote:
I am quoting a youtube comment by "CloudCleaver" on that link: Quote:
Unbelievable! just wow! I LOLed when he told him , that he was way off base . HAHAHAHA , moron. |
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03-18-2008, 04:23 PM
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#6 |
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Veteran Starter w/Big Long Term Deal
Join Date: Apr 2006
Location: Central Mass
Posts: 8,342
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Re: 8/28/2006 : Early warning on US economic bust
thhis is such a great interview and shows how much it was predicted(ie. Bear Stearns)
__________________
"There are two categories of superbowl participants that nobody remembers: The team that lost the game and the team that only won one." Dwight White- Steelers |
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03-18-2008, 05:00 PM
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#7 | ||
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PatsFans.com Supporter
Join Date: Dec 2007
Location: Winthrop,ma
Posts: 4,503
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Re: 8/28/2006 : Early warning on US economic bust
Quote:
Today we are selling everything to rich countries, please welcome the new owners of america. Quote:
You didn't want them , well now they own your butt.Thanks for the last 8 years.  Cry America , cry.... |
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