Comments on: Lower Retail Sales, Employment Figures a Grim Sign for US Economy http://www.dailyreckoning.com.au/grim-signs-for-us-economy/2007/09/27/ An independent perspective on the Australian and global investment markets Fri, 19 Mar 2010 07:09:25 +0000 http://wordpress.org/?v=2.8 hourly 1 By: David http://www.dailyreckoning.com.au/grim-signs-for-us-economy/2007/09/27/comment-page-1/#comment-72494 David Fri, 03 Apr 2009 10:48:34 +0000 http://www.dailyreckoning.com.au/grim-signs-for-us-economy/2007/09/27/#comment-72494 Everyone wants to earn more money, get a better job, increase their income. The economic climate may be bad but it's definitley still possible to achieve this in a job, especially with IT jobs. IT Training isn't necessarily the only answer. There are other ways to study and learn new technology to help you make the big money. Job opportunites will be there and reading the right ebooks will help. Regards, David jacksguides.com Everyone wants to earn more money, get a better job, increase their income. The economic climate may be bad but it's definitley still possible to achieve this in a job, especially with IT jobs. IT Training isn't necessarily the only answer. There are other ways to study and learn new technology to help you make the big money. Job opportunites will be there and reading the right ebooks will help.

Regards,
David
jacksguides.com

]]> By: Peter Davis http://www.dailyreckoning.com.au/grim-signs-for-us-economy/2007/09/27/comment-page-1/#comment-3454 Peter Davis Fri, 28 Sep 2007 03:03:17 +0000 http://www.dailyreckoning.com.au/grim-signs-for-us-economy/2007/09/27/#comment-3454 I completely agree with the previous poster. Those that argue that the Fed need only lower rates to save the economy are missing the boat; I even heard the "wonderful" Jim Cramer claim that rate reductions will save the real estate market. Think again, Jim. I personally believe that the problem is much deeper. Simply put, the level of consumer debt in this country is untenable and cannot sustain itself forever. Arguing that the Fed can save the day is like telling a drug addict the best way to kick the habit is by taking more drugs. It is unfortunate that people will suffer, but such is the nature of a free market. It is even more unfortunate that many of those who gorged on this credit bubble will be bailed out by the government. I completely agree with the previous poster. Those that argue that the Fed need only lower rates to save the economy are missing the boat; I even heard the "wonderful" Jim Cramer claim that rate reductions will save the real estate market. Think again, Jim.

I personally believe that the problem is much deeper. Simply put, the level of consumer debt in this country is untenable and cannot sustain itself forever. Arguing that the Fed can save the day is like telling a drug addict the best way to kick the habit is by taking more drugs.

It is unfortunate that people will suffer, but such is the nature of a free market. It is even more unfortunate that many of those who gorged on this credit bubble will be bailed out by the government.

]]> By: thedocument http://www.dailyreckoning.com.au/grim-signs-for-us-economy/2007/09/27/comment-page-1/#comment-3445 thedocument Thu, 27 Sep 2007 13:39:42 +0000 http://www.dailyreckoning.com.au/grim-signs-for-us-economy/2007/09/27/#comment-3445 The sad part is that consuming doesn't produce anything, so trying to drive consumption to save the economy is "putting the horse before the cart" as Murray Rothbard put it when describing the Great Depression. I suppose that if any more than .002% of people had an inkling of a clue about economic theory, they'd realize that higher consumption ultimately leads to the need for higher taxes. Saving and investing is highly underrated. The sad part is that consuming doesn't produce anything, so trying to drive consumption to save the economy is "putting the horse before the cart" as Murray Rothbard put it when describing the Great Depression. I suppose that if any more than .002% of people had an inkling of a clue about economic theory, they'd realize that higher consumption ultimately leads to the need for higher taxes. Saving and investing is highly underrated.

]]>