low US savings rate may not be so bad?

[OS]

link

pretty interesting thoughts

 

[conjur]

Three words constitutes one's own input? 😕



That said, that opinion article is a bloody joke. Zero use of logic and critical thinking employed.

 

[dmcowen674]

Originally posted by: OS
link

pretty interesting thoughts

Originally posted by: conjur
Three words constitutes one's own input? 😕

That said, that opinion article is a bloody joke. Zero use of logic and critical thinking employed.

Registration required and three words. Come on for a Lifer you can do much better.

You're obviously a rich Republican wanting to tout your agenda so come say it like you really beleive it.

 

[dullard]

I only skimmed it, but I already saw a few problems with that link.

1) The idea that we are negative savings rate has flaws. But I won't go there; the fact that this flawed number has fallen dramatically is still important.

2) Short term, we can be spendthrifts. It is not something we can do in the long term. Yes, our GDP is doing quite well now. But, that is a fools paradise if it is built on borrowed spending.

3) The fact that strong spending helps the economy is true. But this link hides the fact that if we just got a 1% raise and kept spending the same, we'd all be better off. Our spending isn't the problem. Nearly stagnant wage growth is.

4) It assumes that we'll work well past the retirement age. In fact, people now are retiring far earlier than they did in the past. Gone are the days of working until you can't work anymore.

 

[Meuge]

Originally posted by: conjur
Zero use of logic and critical thinking employed.

Yes, but Jesus said that critical thinking is a sin.

 

[conjur]

Originally posted by: Meuge

Originally posted by: conjur
Zero use of logic and critical thinking employed.

Yes, but Jesus said that critical thinking is a sin.

Amen.



Here are some articles to chew on:


The numbers behind the lies
http://moneycentral.msn.com/content/P146055.asp?Rating=10&PageID=146055#Rating
(full interview here tomorrow: http://www.weedenco.com/welling/lilogo.asp )

Today's article


Inflection Points
http://www.weedenco.com/welling/lilogo.asp

 

[jlmadyson]

I tend to believe a low savings rate overall is bad for the economy in the long-term, call me crazy, but historically the last time we had such a low savings rate was during the great depression and we know the result of that.

 

[dmcowen674]

Originally posted by: jlmadyson
I tend to believe a low savings rate overall is bad for the economy in the long-term, call me crazy, but historically the last time we had such a low savings rate was during the great depression and we know the result of that.

But that is the Republicans orgasm, they will just love to see the working class obliterated.

 

[conjur]

Originally posted by: jlmadyson
I tend to believe a low savings rate overall is bad for the economy in the long-term, call me crazy, but historically the last time we had such a low savings rate was during the great depression and we know the result of that.

Check out the first link I posted just above.


I'm not as crazy as some up here think.

 

[CellarDoor]

oops, wrong thread.

 

[coomar]

the brain drain effect is usually applied to baby boomers retiring, its lost of educated people to other countries (or vice versa)

 

[daniel49]

Originally posted by: dmcowen674

Originally posted by: jlmadyson
I tend to believe a low savings rate overall is bad for the economy in the long-term, call me crazy, but historically the last time we had such a low savings rate was during the great depression and we know the result of that.

But that is the Republicans orgasm, they will just love to see the working class obliterated.

comon can we put the idea to bed that the demos somehow are this benevolent gift to the working man.

They do not understand the working man any better then the other side.
my union screws me as often or more then my company does.
Its just not that cut and dry.