Rolling US Economy Into The Shitbin Thread

Anyone? Oh, yes. Many millions are considering this idea.

Several billions are not, especially those who control big financial investments. They only want to be richer at the end of the quarter. By year's end at the latest.

Several billions are not, especially those who control big financial investments. They only want to be richer at the end of the quarter. By year's end at the latest.
Yeah thats who I was calling out, fuckers do not give a what.
I've heard some people talk of participatory economies and localising stuff? On a local scale that might work...

I mean on a 'small scale'

Well, you can certainly throw a chip or two (of your personal expenditures) on the pile of your local economy. I do this. Just an hout ago I sent to pick up this week's vegies from a local farm, a CSA, about five miles from my house.

All you can do is try. By this thime in my life, I have most of my basic needs already met, so it's easier for me than for someone just starting out. But, in the not so distant future, transport costs will be a much larger part of any item's price tag, so buying local will make more economic sense than it does today.

As life changes radically in the next couple of decades, all these trade-offs will become more obvious.

Sometimes I find myself a little bitter cause it's like dammit why didn't I get to be born in the less-worrisome hooray fuckoff let's use up everything era?

But of course that wouldn't have made unsustainable living OK anyway. And anyhow I'm here and not there. Go to life with the lot you've got.

Well, unless anyone here was born in the 40s, that pretty much applies to us all. And don't worry in a few years it'll bounce back and everyone will be out maxing the credit cards again, filling up the humvee and saying 'well that wasn't so bad' AND IT WILL NOW NEVER HAPPEN AGAIN so we don't need to worry.

here's hoping!!

And don't worry in a few years it'll bounce back and everyone will be out maxing the credit cards again, filling up the humvee and saying 'well that wasn't so bad' AND IT WILL NOW NEVER HAPPEN AGAIN so we don't need to worry

As long as you don't want to use continually debased western currencies to pay for imports like food and oil that is.

And don't worry in a few years it'll bounce back and everyone will be out maxing the credit cards again, filling up the humvee and saying 'well that wasn't so bad'

I don't know if that's really going to happen.

ca 1985:

"If the rest of the world lived like Americans did, we'd need x times as much oil, and x times as much food as the entire planet is capable of producing!"

"Hahah OMG that is crazy. jeez"

All Hail Malthus.

Malthus was proved wrong by the continually increasing ability of technological advances in food production and efficiency to provide for the world's population. With the end of the oil era - and the end of all those petrochemicals that make food production so cheap - don't you think Malthus might end up being sort of right in the end?

I mean, I think it can't be repeated enough that Western standards of living rely fundamentally on inequality with the rest of the world. As justice grows, Western incomes and access to resources will shrink.

In the end maybe, but even with today's technology we can dramatically increase efficiency even if we don't increase production of anything.

Your second paragraph is OTM.

I mean, I think it can't be repeated enough that Western standards of living rely fundamentally on inequality with the rest of the world.

Yes with regards to resources. But this is verging on the development as zero-sum game fallacy.

Not so sure of that. It is entirely possible to achieve a better standard of living, right around the world, using less resources.

I don't know if that's really going to happen.

-- Tracer Hand, Friday, July 4, 2008 11:48 AM (7 hours ago) Bookmark Link

Right. I, and I assume Aimless, were being sarcastic.

hey guess what just news cycle the fact that it now costs $160 to fill up a GMC Yukon did not stop the financial sector from being in a fuck ton of trouble

what's the trickle-down from lehman and bear stearns getting killed? how long can merrill lynch and fannie/freddie drag out putting their losses on the books?

Right. I, and I assume Aimless, were being sarcastic.

-- BIG HOOS aka the steendriver, Friday, July 4, 2008 7:16 PM (4 days ago) Bookmark Link

I don't think Aimless was being sarcastic. I hope he wasn't. I on the other hand was.

hello all. just thought i'd stop by to share the bizarre info that we were up considerably in June from last year, and are WAY up so far from last year's July as well.

i think this may just be proof that A) idiots are actually spending those stupid rebate checks and B) musicians are by and large, idiots. so don't get your hopes up.

I was just thinking about Malthus the other day, and how he probably never would have guessed that as affluence increases, the birth rate decreases AND consumption increases by an degree that more than makes up for it.

A lot of the 19th century economists (or at least the first half of the century or so) never really got to grips with Humanity's ability to manufacture demand.

Well, that's still good news, BB.

PS You don't need proof that musicians are by and large stupid. Next you'll try to prove to me that there cannot be more than everything.

I wonder when Obama will get around to this topic -- once all the faith-based groups are funded?

They're doing even more funding of that right now!

obama on economy and bankruptcy today:

http://www.time.com/time/politics/article/0,8599,1820883,00.html

WE GONNA DIE

Now what.

(the dow, the nasdaq, and the s&p 500 all dropped more than 2% today)

Boohoo.

maybe I'll just stop the 401k nonsense and party hard.

TAKE THE HIT

Boohoo.

-- Ned Raggett, Wednesday, July 9, 2008 4:11 PM (Yesterday) Bookmark Link

i'm glad that you read this thread, ned, because this story about cheap jones beach concert tix may amuse you.

:-)

and if not that story, then my shitty linking abilitiesmight ;_;

The only reason to be concerned with one-day stock gains/losses is if you're about to buy something or about to sell something.

Fannie Mae and Freddie Mac to be bailed out by taxpayers?

me

http://www.youtube.com/watch?v=XHNpSDSbjTg

"Oh my God."

are you putting out a buy?

"I- I- I- I- I- I-"

the OFHEO dude who said they were "adequately capitalized" had better fucking pray he's right or I'm about to have to change this thread title to something more emphatic

Holy mackeral, Freddie and Fannie both down 40% to open trading today.

Chart at the top of the page at this moment = yikes

my Dad just called me pissed off about this >:0

Did he demand that you flood the market with cheap cotton futures?

so it's ok today to say ... WE GONNA DIE?!?

seriously ... this statement of principles on how to solve this current financial mess is why i heart calculated risk as much as i do.

holy shit I knew they were in trouble but didn't know it was that bad

wau

xp:http://general.south-derbys.gov.uk/revenue/focusonfraudawareness/pics/10.gif

"We noted that the world economy is in good condition and growth is more evenly distributed across regions. ... We anticipate a smooth adjustment of global imbalances which should take place in the context of sustained and robust economic growth."

- G8 Summit communiqué, June 8, 2007, Heiligendamm

from the same document:

"While noting the positive contribution (sic) of hedge funds to financial-market stability, we also want to minimise systemic risks by increasing transparency and market discipline on the part of all parties involved."