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OT: Paul Krugman On the "looming possibility of a U.S. debt default"

Andrew Schulman

7/19/2011 2:23:00 AM

http://www.nytimes.com/2011/07/15/opinion/15krugman.html?_r=1&src=ISMR_HP...

The heading is "Getting To Crazy".

You should read this one, Crazy!

Andrew
16 Answers

Slogoin

7/19/2011 2:45:00 AM

0

On Jul 18, 7:23 pm, Andrew Schulman <and...@abacaproductions.com>
wrote:
> http://www.nytimes.com/2011/07/15/opinion/15krugman.html?_r=1&a.......
>
> The heading is "Getting To Crazy".
>
> You should read this one, Crazy!

"If you’re surprised, that means that you were part of the problem."

Alarmist propaganda. China will take a bath on our debt to them,
like Japan did, and all will go back to normal. Wolly, the expert,
said so, so relax and ignore that Krugman dude. What does he know?

Slogoin

7/19/2011 2:49:00 AM

0

> On Jul 18, 7:23 pm, Andrew Schulman <and...@abacaproductions.com>
> wrote:

> > The heading is "Getting To Crazy".

FOrgot this:

http://www.nytimes.com/2011/07/18/opinion/18krugman.html?ref=p...

Wollybird

7/19/2011 2:51:00 AM

0

On Jul 18, 9:23 pm, Andrew Schulman <and...@abacaproductions.com>
wrote:
> http://www.nytimes.com/2011/07/15/opinion/15krugman.html?_r=1&a.......
>
> The heading is "Getting To Crazy".
>
> You should read this one, Crazy!
>
> Andrew

Here's what one left wing nut case said 9 months ago:
(Note: the below does not reflect the views of Wollybird or his
minions)

http://money.cnn.com/2010/08/09/news/economy/elders_economy...

Wollybird

7/19/2011 2:56:00 AM

0

On Jul 18, 9:45 pm, Slogoin <la...@deack.net> wrote:
> On Jul 18, 7:23 pm, Andrew Schulman <and...@abacaproductions.com>
> wrote:
>
> >http://www.nytimes.com/2011/07/15/opinion/15krugman.html?_r=1&a......
>
> > The heading is "Getting To Crazy".
>
> > You should read this one, Crazy!
>
> "If you’re surprised, that means that you were part of the problem."
>
>   Alarmist propaganda. China will take a bath on our debt to them,
> like Japan did, and all will go back to normal. Wolly, the expert,
> said so, so relax and ignore that Krugman dude. What does he know?

no I didn't
Larry, that has nothing to do with anything.
Stop being such a nut bag.

Slogoin

7/19/2011 3:24:00 AM

0

On Jul 18, 7:55 pm, wollybird <wollyb...@frontiernet.net> wrote:
>
> no I didn't

"Larry, look up mercantilism and currency manipulation.
The Chinese are doing exactly what Japan did in the late 70's.
The Japanese wound up with an enormous pile of dollars that they
wisely invested in real estate in Hawaii and other choice locations
until it all collapsed on them."

> Larry, that has nothing to do with anything.

Yes, our debts have nothing to do with our current situation, LOL!

Dick Cheney

7/19/2011 3:38:00 AM

0

On Jul 18, 10:23 pm, Slogoin <la...@deack.net> wrote:
> On Jul 18, 7:55 pm, wollybird <wollyb...@frontiernet.net> wrote:
>
>
>
> > no I didn't
>
> "Larry, look up mercantilism and currency manipulation.
>  The Chinese are doing exactly what Japan did in the late 70's.
>  The Japanese wound up with an enormous pile of dollars that they
>  wisely invested in real estate in Hawaii and other choice locations
>  until it all collapsed on them."
>
> > Larry, that has nothing to do with anything.
>
>   Yes, our debts have nothing to do with our current situation, LOL!

God, Larry You have difficulty with linear thought
Here goof nuts, since it's Krugman night and you insist on changing
the subject:

http://krugman.blogs.nytimes.com/2010/03/15/chinas-wat...

Now run along and chase some squirrels

Slogoin

7/19/2011 3:58:00 AM

0

On Jul 18, 8:37 pm, Dick Cheney <wollyb...@live.com> wrote:
>
> God, Larry You have difficulty with linear thought

The economy is a non-linear system as are most human systems.

> http://krugman.blogs.nytimes.com/2010/03/15/chinas-wat...
>
> Now run along and chase some squirrels

Bet you didn't read the comments.

So you agree with Krugman, right?

Wollybird

7/19/2011 4:07:00 AM

0

On Jul 18, 10:23 pm, Slogoin <la...@deack.net> wrote:
> On Jul 18, 7:55 pm, wollybird <wollyb...@frontiernet.net> wrote:
>
>
>
> > no I didn't
>
> "Larry, look up mercantilism and currency manipulation.
>  The Chinese are doing exactly what Japan did in the late 70's.
>  The Japanese wound up with an enormous pile of dollars that they
>  wisely invested in real estate in Hawaii and other choice locations
>  until it all collapsed on them."
>
> > Larry, that has nothing to do with anything.
>
>   Yes, our debts have nothing to do with our current situation, LOL!

Larry the Japaneese had a real estate bubble that collapsed.
http://www.bloomberg.com/news/2011-01-31/china-s-housing-market-nears-u-s-japan-bubble-levels-chart-of-th...
http://www.time.com/time/world/article/0,8599,20392...

China lists inflation at 5.5%. The real number is figured at over
10.5% Food prices are estimated up 37.5%. The average Chineese spends
half his income on food. I don't recall how many times the central
bank has raised rates.

Wollybird

7/19/2011 4:18:00 AM

0

On Jul 18, 10:57 pm, Slogoin <la...@deack.net> wrote:
> On Jul 18, 8:37 pm, Dick Cheney <wollyb...@live.com> wrote:
>
>
>
> > God, Larry You have difficulty with linear thought
>
>   The economy is a non-linear system as are most human systems.
>
> >http://krugman.blogs.nytimes.com/2010/03/15/chinas-wat...
>
> > Now run along and chase some squirrels
>
>   Bet you didn't read the comments.
>
>   So you agree with Krugman, right?

The US is domestically funding it's own debt lately. Yes, this appears
to be the case. I've posted three references to the paradox of thrift
in the last week, My last reference was at the end of my rant two days
ago. His article sounds a little like my rant, so I guess I do agree
with him. no I didn't read the comments. You or Thames can post
comments.
Your assignment is to write a report on this article, and have it in
my in box by 6:00 am;
http://faculty.wcas.northwestern.edu/~mwitte/B01/handouts/swe...
I have to go to bed now

Slogoin

7/19/2011 4:29:00 AM

0

On Jul 18, 9:17 pm, wollybird <wollyb...@frontiernet.net> wrote:
>
> The US is domestically funding it's own debt lately.

Yep. You didn't read them.

> I've posted three references to the paradox of thrift

Yes, you have this habit of posting things we know over and over
thinking we are too stupid to understand. We heard at least 50 times
about Adam Smith even though his stuff is constantly abused by right
wingers.

> Your assignment is to write a report on this article

Your attempt to be teacher automatically makes you the slow one in
the class. You always resort to this tactic. It's sad because nothing
will change until it too late thanks to all those who can't seem to
see how it can't work out as it's currently set up.