Comments on: Subprime, the U.S. Dollar & a Recession in 2008

By: BxCapricorn

BxCapricorn — Mon, 24 Dec 2007 04:42:04 +0000

I'm also kind of shocked that the Federal Reserve knows a U.S. Recession, as indicated by this paper...
http://www.federalreserve.gov/Pubs/feds/2007/200757/200757pap.pdf
shows that the recession will happen. Why is letting it happen so hard for them to do? Lately, as I've checked my blog stats, my post on the Yield Curve is the top post! I seems that some people do care, but the majority just want to be entertained, and libraries, competing with the Internet, are complying with the wishes of the masses.

By: christina

christina — Wed, 12 Dec 2007 13:49:29 +0000

Hey, do you want to hear something funny? I went ot my local library to get some copies of the economist, but the librarian said that theyd on't keep it any more because nobody was interested in reading it. How bout that! You can get a book on anything you like in the world except what matters. Do you want to know how to read an aura- hey no problem, they've got that. Do you want to know how to juggle, right this way is a book if you want it, but none of the masses want to read about economics. What I find highly ironic is that when depressions hit, suddenly the whole world and his dog wants to learn all about economics, and discuss it over the dinner table. People can't be bothered reading about economics now, but very soon they will all get a crash course in economics whether they like it or not, in the form of a credit contraction. And just wait till that happens, suddenly "economics" will be the "in" thing to read about and to talk about. But until that happens people will still be content to read such riveting topics such as "Does my bum look big in this?" (when the depression hits you wont have a fat bum at all don't worry), and "What is the latest colour for this seasons clothing?" (PS-when the depression hits even a potato sack will be in fashion, so don't worry too much about whether you've got the latest look or not)

By: barry broome

barry broome — Sat, 08 Dec 2007 22:34:00 +0000

Here in U.S. everyone is living beyond their means. There is no group or agency devoted to explaining to people not to spend money - stop purchasing - save, save, save. Our economy is propped up on borrowed money and will crash sooner or later.