I am the eternal wrote:
> On Wed, Apr 8, 2009 at 12:22 PM, Bhairitu <[email protected]> wrote:
>
>
>> I am the eternal wrote:
>>
>> I suspect it may be as much as 10 years or more for the economy to
>> recover. Putting band aids on it won't help so be leery of those. They
>> usually just delay the infection. A war might obfuscate it but there
>> was massively unemployment after WWII too. And after a world war this
>> time there might not be any humans to have an economy.
>>
>> All I care about is being able to live out my life simple and humbly. I
>> really don't need a monster home, a fleet of cars nor a yacht or even a
>> summer home. Some people think those are a "standard" of living rather
>> than perks. Boy are they going to have a rude awakening.
>>
>>
>>
> I disagree with you about the time to recover. Once again, I state. I
> expect that the 20 trillion dollars (by the end of this year) pumped into
> the economy is going to put the economy on extremely high gain. Once it
> shows a little bit of sustained stability, it could take off like a rocket.
> Even if it doesn't, we already have instances of money chasing goods and
> pieces of paper during the dot.com and real estate boom days. The reason we
> didn't have massive hyperinflation during WWII is because everything was
> controlled, including the wages of my Aunt Ann, who, yes, was a riviter
> during WWII. Anyone who could work during WWII did work and they took home
> tons of money they couldn't spend because everything was needed for our
> troops.
>
> So we're going to be on very high gain. We could take the first quarter
> cycle of oscillation very, very quick.
>
> Now there /might/ be a cooling in what's proper. Take France. In France,
> it's considered de classe to show off fantastic amounts of wealth.
>
> Now if Obama manages to get done working with the economy, we're going to
> have Hell to pay as he turns his attention toward making health care less
> expensive. Creating more medical schools so doctors don't feel themselves to
> be entitled princes is going to raise a stink. Going to Evidenced Base
> Medical Treatment is going to really upset every constituent.
>
> EMT, if you're not familiar, is the result of studies which show that
> outcomes for procedures done in high dollar medical centers aren't any
> better than outcomes in low dollar medical centers. There's also that there
> are clusters of zipcodes around the country where many expensive tests
> (imaging tests for everyone in south Texas presenting a sore back) done in
> one cluster as opposed to other zipcodes and the outcome's the same. I'm
> going to be upset because I expect to get my annual PSA test despite the
> fact that the outcome's the same if I don't have it done. The doctor's
> going to get upset because his "medical judgement" is being questioned.
> Labs will resist it.
I think you're being a bit too optimistic. My pessimism (and others who
validated it) saw this coming years ago. And I think the best solution
would be a total economic collapse. A mess for a while but an even
playing field because it would take out that 1% that owns way too much
wealth and hence has way too much influence. One can argue they'll just
recoup it but in a total collapse that might take decades if not
generations (and we should keep an eye on them and legislate
appropriately to keep them from obtaining too much wealth).
