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8/28/2006 : Early warning on US economic bust

Discussion in 'Political Discussion' started by weswelker#83, Mar 8, 2008.

  1. weswelker#83

    weswelker#83 In the Starting Line-Up

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    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
     
    Last edited: Mar 8, 2008
  2. QuiGon

    QuiGon Banned

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    What's your point..? Economists are always making predictions so yeah some of them are going to get it right every now and then. There's nothing in there remarkably significant... just a bunch of stuff people have been saying about America for 25 years...

    If I predict "a full recovery is just around the corner" am I a genius when it happens in 2010...?
     
  3. weswelker#83

    weswelker#83 In the Starting Line-Up

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    "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.
     
    Last edited: Mar 8, 2008
  4. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    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
     
  5. weswelker#83

    weswelker#83 In the Starting Line-Up

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    I am quoting a youtube comment by "CloudCleaver" on that link:


    Unbelievable! just wow! I LOLed when he told him , that he was way off base .

    HAHAHAHA , moron.
     
    Last edited: Mar 8, 2008
  6. MrBigglesWorth

    MrBigglesWorth Veteran Starter w/Big Long Term Deal

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    thhis is such a great interview and shows how much it was predicted(ie. Bear Stearns)
     
  7. weswelker#83

    weswelker#83 In the Starting Line-Up

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    Today we are selling everything to rich countries, please welcome the new owners of america.


    http://www.forbes.com/afxnewslimited/feeds/afx/2008/03/18/afx4788677.html

    You didn't want them , well now they own your butt.Thanks for the last 8 years.:p
    Cry America , cry....
     
    Last edited: Mar 18, 2008

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