<p>i would never have debt if i could print my own money. Our country spends faster than the printers can print.</p>
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<p>Well, that’s kind of what we’re doing - global game of financial chicken. Some countries are looking for alternatives but right now, everything stinks. And the stuff that doesn’t stink gets devalued - nobody wants to hold the king currency since it’s a job killer.</p>
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<p>Take the time machine in the garage and go back ten or twenty years and convince us not to spend or print.</p>
<p>Anyone who thinks belt tightening is in order right now has clearly never taken even an introductory macroeconomics course. </p>
<p>The tea party zealots are dangerous to this country. I hope the Fed starts to monetize the debt, as otherwise yields will spike and there will be a major downtick in the economy. The main problem we have in this country is that politicians are generally uneducated about economics.</p>
<p>dstark, what’s with the peek-a-boo posts?</p>
<p>Meaningless…in the long run.</p>
<p>Subprime…AAA…That wasn’t meaningless…</p>
<p>I didn’t know if I wanted to post in this thread…</p>
<p>“Anyone who thinks belt tightening is in order right now has clearly never taken even an introductory macroeconomics course.”</p>
<p>True…</p>
<p>“The main problem we have in this country is that politicians are generally uneducated about economics”</p>
<p>True…unless the politicians don’t give a …</p>
<p>If I were setting the education policy of this country I would make macroeconomics and economic history two must have courses. We cannot have an educated voting population otherwise. At the minimum the elected representatives should be able to pass these two courses at 101 level.</p>
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<p>The $TNX has plunged from 29.5 to 25.6 in a little over a week and down from 35 a few months ago. Oil cratered to 85 from near 100. Seems like somebody wants a lot of Treasuries out there. Oil seems to be pricing in a significant contraction - it might be hard to push up interest rates in that kind of environment.</p>
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<p>Well, the economists seem to have the same problem.</p>
<p>Would you teach Kondreytieff Waves?</p>
<p>Would I teach that the earth is flat?</p>
<p>I would teach students that when the private sector implodes…the public sector has to step up or the economy is really going to suck.</p>
<p>I hope that yields don’t spike. But I don’t conduct my business based on hope. This is what happens when we let the economically uneducated run the country.</p>
<p>Spot on spark. This is not even novel, this has been mainstream economics for generations.</p>
<p>Yields may spike…I doubt it…but this downgrade won’t matter…</p>
<p>We move toward austerity and yields won’t be an issue…</p>
<p>Hell…yields are so low…even a spike won’t do much…</p>
<p>[Meanwhile</a>, A Quick Reminder Of How Much S&P Really Sucks At This](<a href=“http://www.businessinsider.com/sps-bad-history-with-downgrades-2011-8]Meanwhile”>Meanwhile, a Quick Reminder of How Much S&P Really Sucks at This)</p>
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<p>I don’t know. Would you?</p>
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<p>You might wind up with a conjunction.</p>
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<p>Mainstream economics failed us pretty badly in the mortgage crisis. Those that worship at its altar do so at their own peril.</p>
<p>" This is not even novel, this has been mainstream economics for generations."</p>
<p>As I wrote earlier, before I erased it :), this is what I learned when I studied economics until the politicians took economics over.</p>
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<p>There are many older folks that could use higher yields. But our economic system is geared to screwing savers when the economy is down. I remember when long-term yields were 8% and I could take that action. I was too young during the Carter years.</p>
<p>AA+ is subprime? Are you saying that it just like CC - anything below 2400 on the SAT is a total failure? ;)</p>