[Sonora]

Hmmmmmmm......yes, Christmas is over.

I hope someone at the central bank level knows what they are doing.

[wbill]

Doomed. Also, Bush's fault.

If you ask 2 economists what their outlook is, you'll get 3 opinions.

[Brilliant]

“Twenty billion dollars here, $20bn there, and a lush half-trillion from the European Central Bank at give-away rates for Christmas. Buckets of liquidity are being splashed over the North Atlantic banking system, so far with meagre or fleeting effects.”

These pundits do not know how to analyze the effect. They apparently judge by whether real estate prices have been stabilized, yet, the US economy was growing at 3.9% during the last quarter, irrespective what real estate prices are doing. Subprime lending amounts to only about 6% of the home mortgage loan inventory. We are not on the verge of a depression, and probably not even a recession.

[Jabba the Nutt]

If you read Ludwig Von Mises you'll know that they CAN'T know what they are doing. It's called the Information Question. In economics, no central organization can get the dispersed information inorder to make correct economic decisions. If the implosion happens, my only surprise will be that things have lasted this long. Central Banks have been flooding the world with fiat money, based on nothing but promises, for decades.

But hey, look on the bright side, you'll be able to pay off your mortgage with money that would buy an English Muffin.

[Cap Huff]

This was already posted:

http://www.freerepublic.com/focus/f-news/1943531/posts

And I am not one of the self-appointed posting police. In all my years of posting here I don’t recall more than once or twice commenting on a double posting.

I draw your attention to the fact that the article was already posted (with around 135 comments) because the title of the article is very much misleading. The economy is certainly not firing on all pistons, but do we really need to hype the problem?

Glenn Reynolds has a nice item on how the press is misrepresenting the economic news in order to influence the upcoming election.

http://instapundit.com/archives2/013355.php

I think we should be careful to recognize the facts, but not give too much emphasis to one sided or obviously slanted reporting. Referring directly to this being much worse than the Great Depression is bit over the top, don’t you think so?

[theBuckwheat]

Does the author forget the role the US Congress played in triggering the Great Depression by bringing world trade almost to a halt with a high tariff?

This article appears to be more wishful thinking than an honest attempt to warn about financial issues. When the ECB borrows $1/2 Trillion into circulation and the US Fed borrows a few hundred billion into circulation, the problem isn’t that world trade will be throttled, what we are seeing is the competitive debasing of the two major world fiat currencies.

If you don’t confuse money with wealth, you can understand why oil and gold have high nominal (numeric) money prices.

Watch the flow of wealth, not the flow of money. If wealth stops flowing, then look out.

[Larry Lucido]

We just had this crap last week. Same title, everything.

Self-fulfilling spamecy?

[Doc91678]

Gee, What did FDR say about fear?

[Kevmo]

bmflr

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According to Intrade, the winner of the December 12th GOP debate was... Duncan Hunter.
http://www.freerepublic.com/focus/f-news/1938773/posts

Why the smart money is on Duncan Hunter
http://www.freerepublic.com/focus/f-news/1926032/posts

In this poll Hunter is up 3% and even with Paul and Thompson.
http://www.wxyz.com/news/local/story.aspx?content_id=3481ef60-8195-46a9-af04-b87b907bcfdd

[RightWhale]

This article didn’t scare anybody the last time it was posted.

[Proud_texan]

Whatsamatter Ambrose? The royalities dropping off from "Blood in the Streets"?

What's that? A little tome written 20+ years ago about the pending financial collapse of the universe.

Not bad work if you can get it; peddling the same used oats that have been through the horse over and over.