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Recent content by SeminoleDoug

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    Say BOEING! How is that "free trade" "globalization" thing going for you! LMAO!

    Re: Say BOEING! How is that "free trade" "globalization" thing going for you! LMAO! I don't claim in any way to be an engineer and actually will freely admit I am quite stupid in this way. But it sounds to me like it wasn't so much a manufacturing issue as much of a design issue. Considering...
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    Say BOEING! How is that "free trade" "globalization" thing going for you! LMAO!

    Re: Say BOEING! How is that "free trade" "globalization" thing going for you! LMAO! And this is equally the problem: people "expect" a home, a car, a pension, and health care. They think they deserve it because they are American. I don't know if there is a country on the planet where every...
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    Say BOEING! How is that "free trade" "globalization" thing going for you! LMAO!

    Re: Say BOEING! How is that "free trade" "globalization" thing going for you! LMAO! It's almost like you don't know that the planes are assembled in the states of Washington and South Carolina. Or like you don't know what free trade even means... I can't believe I used to be a liberal.
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    The IMF Admits It Was Wrong About Keynesianism

    Exactly. It's not infrastructure, itself, that is the problem nor government financing it...if it's productive and needed infrastructure. But many people seem to advocate building anything, needed or not, simply because it temporarily gives somebody a job when they build it. If the government is...
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    The IMF Admits It Was Wrong About Keynesianism

    The IMF is a joke anyway. Plus, much of this discussion continues to ignore the interest rate risk associated with continued borrowing The Real Interest-Rate Risk by Zhang Monan - Project Syndicate
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    Has Obama betrayed the liberal base?

    The standard line from the left and the Federal Reserve. Oh where is this elusive, magical growth? And interest rates are below the inflation rate. It's been a long time since the GDP growth rate exceeded the growth of the debt. The Fed and the US is all-in right now and praying for a miracle...
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    The IMF Admits It Was Wrong About Keynesianism

    About 6 years ago, Greek debt was yielding less than US debt. Things can change very quickly once investors realize that there is either a danger they won't get paid back or that they will get negative real returns from an investment. I would bet Greece was also constitutionally obligated to pay...
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    The IMF Admits It Was Wrong About Keynesianism

    I would appreciate it if you wouldn't use terms like fool. If you do, I will continue to refrain from calling you what you are acting like, which is a much worse word than fool. I'm sorry that you think the US can wave a magic wand, devalue their currency by 90%, and that everything will be...
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    The IMF Admits It Was Wrong About Keynesianism

    Time will tell. If people were really pissed off about it, we should see stronger GDP growth and huge jobs growth. But that's not what we see. GDP growth slowed to probably sub one percent in the 4th quarter and job growth has been very slow. Also, if you looks at the jobs being created, they...
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    The IMF Admits It Was Wrong About Keynesianism

    You act like somebody is holding a gun to the heads of Americans and forcing them to buy goods made overseas. The one thing you simply can not seem to fathom is people buy Chinese goods because Chinese wages are cheaper. If people are willing to accept far smaller wages, than they can win those...
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    The IMF Admits It Was Wrong About Keynesianism

    I know. I know. Globalization is evil. Socialism is the way to go. North Korea has proven all of your economic theories produce utopian outcomes...
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    The IMF Admits It Was Wrong About Keynesianism

    First of all, you don't just get to name the value of your currency. It's not like waving a magic wand and your currency devalues by 90%. By what mechanism do you plan on accomplishing your 90% devaluation of currency? Now I am really curious how old you are. Were you alive in the 1950's or...
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    The IMF Admits It Was Wrong About Keynesianism

    Which makes me really curious what some people think is going to happen when interest rates do rise. You've got a $16.4 trillion debt that is growing by over $1 trillion a year. You generate about $2.3 trillion in total revenues. When interest rates rise and much of the US debt has short term...
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    The IMF Admits It Was Wrong About Keynesianism

    I agreed with everything you said except about the US being spineless. China somewhat has the US by the balls since they are still the largest foreign holder of US debt. Certainly, any action the Chinese could take (selling massive amounts of Treasuries and forcing yields to spike) would also...
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    The IMF Admits It Was Wrong About Keynesianism

    I didn't say that Chinese wages weren't made cheaper at all by the devaluation of the RMB, but even at a more realistic evaluation, Chinese wages are still FAR cheaper than American wages. It's not even close. And so what I am saying is that the majority of the jobs that moved to China would...
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