Comments on: Consumer Spending Falls Hard As Consumers Guard Their Wallets

By: Ross

Ross — Wed, 05 Nov 2008 03:56:00 +0000

And we have Martin Wolfe in the Financial Times calling for a new Bretton Woods, sneering at the surplus countries, and holding Keynes up as an oracle no less.

Well bring it on Martin.... and bring your "free trading" mate Zoellick (Mr ex US customs protectionist and later US bilateral trade negotiator attack dog).

Martin is getting all flustered because New York and London bank and finance house balance sheets finally look like getting regulated on a raw leverage basis. And if that happens there is a certain capital problem for these financial centres. How can we can we annex foreign assets and control the financial world if we can't do the capital creating alchemy working inside the walls of regulated banking and consumerist deficit country currencies?

By: ralph hill

ralph hill — Tue, 04 Nov 2008 00:42:02 +0000

"It’s a “descent into Hell,” says Michael Bloomberg..." "The billionaire and potential independent presidential candidate also said the nation "has a balance sheet that's starting to look more and more like a third-world country." FEB 15, 2008 "Bill Gates and Mayor Michael R. Bloomberg announced on Wednesday that they would spend $500 million to stop people around the world from smoking..." NOV 3, 2008 How about another couple of trillion to keep wall street from going up in smoke ? As, if that's enough to keep the champange and cocaine flowing.

By: Terry

Terry — Mon, 03 Nov 2008 05:34:14 +0000

I was out shopping in some national chain stores this weekend in Arizona. The stores were absolutely packed and people were buying. This isn't scientific, but if my observations mean anything, the 94% of Americans who are gainfully employed are shopping. We had news that the Holloween shopping numbers were in and were outstanding. The U.S. government bailout of the housing and banking industry could produce a boon to the national budget. I came across a good source of information on the financial bailout here...
http://www.thebailoutblog.com/

By: rick e

rick e — Mon, 03 Nov 2008 03:14:58 +0000

When you are 1 step ahead of the markets you are a genius

When you are 2 steps ahead of the markets …….

This is what happens… "(I’m a big boy...I don’t mind the loss of money so much)" by bill

This is why the DR is the real deal

By: lucy

lucy — Mon, 03 Nov 2008 02:56:26 +0000

Could someone PLEASE answer me as I haven't been able to find the answer to this question? I really really really want to buy into this idea of holding gold. But one question keeps tripping me. I heard that there are more paper gold (stocks, derivatives, EFTs, futures, and so on) than the physical gold. So unless you hold the physical gold (which makes no economic sense because one tends to buy at high price and sell at low price), your paper claim to gold will become meaningless in the event that the US$ crashes. Is this true? What would happen if paper claim to gold is significantly higher than the availability of physical gold? Is this another crisis in waiting? Thanks!

By: Alf

Alf — Mon, 03 Nov 2008 01:19:56 +0000

Whoever win or lose, when the game is over, all things goes back into the box. Live our live with an eternal perspective. Be content and keep our focus on the true prize of victory!

By: Pete

Pete — Sun, 02 Nov 2008 23:01:44 +0000

Nice article