Comments on: So Many Things to Correct… So Little Time. http://www.dailyreckoning.com.au/so-many-things-to-correct-so-little-time/2008/11/19/ An independent perspective on the Australian and global investment markets Sat, 21 Nov 2009 17:27:32 -0600 http://wordpress.org/?v=2.8 hourly 1 By: Here comes the Era of Conspicuous Thrift « The Decline of American Civilization http://www.dailyreckoning.com.au/so-many-things-to-correct-so-little-time/2008/11/19/comment-page-1/#comment-53137 Here comes the Era of Conspicuous Thrift « The Decline of American Civilization Fri, 21 Nov 2008 08:48:55 +0000 http://www.dailyreckoning.com.au/?p=4426#comment-53137 [...] http://www.dailyreckoning.com.au/so-many-things-to-correct-so-little-time/2008/11/19/ [...] [...] http://www.dailyreckoning.com.au/so-many-things-to-correct-so-little-time/2008/11/19/ [...]

]]> By: Woody Wilson http://www.dailyreckoning.com.au/so-many-things-to-correct-so-little-time/2008/11/19/comment-page-1/#comment-52741 Woody Wilson Wed, 19 Nov 2008 02:10:52 +0000 http://www.dailyreckoning.com.au/?p=4426#comment-52741 Unemployment at 6% ? A far more educated guess would put this at 15% to 25%. Wait for GMH to fail and you will see a net fall of 3 million interlaced jobs disappear from related industries. This is the tip of the Iceberg, just you wait for people to return to work after the Christmas break to find they do not have a job. This unwinding of financial hot air will make 1929 look like a Disneyland holiday. This is going to get 100 times more ugly before we see any light at the end of a protracted endless long journey into the economic abyss. PS, If the US Fed bails out everyone then who is going to bail out the Fed? Oh its going around in circles! How large can a Bubble get? Unemployment at 6% ? A far more educated guess would put this at 15% to 25%. Wait for GMH to fail and you will see a net fall of 3 million interlaced jobs disappear from related industries. This is the tip of the Iceberg, just you wait for people to return to work after the Christmas break to find they do not have a job. This unwinding of financial hot air will make 1929 look like a Disneyland holiday. This is going to get 100 times more ugly before we see any light at the end of a protracted endless long journey into the economic abyss.

PS, If the US Fed bails out everyone then who is going to bail out the Fed? Oh its going around in circles! How large can a Bubble get?

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