How could the US economy recover?

Did anybody see the Warren Buffet interview the other day? He is such a down to earth straight-talking guy. When asked about the weakening dollar he said he isn't worried because he buys companies that produce stuff and have long term earning power, so when the dollar becomes worth 1/10 its current value that company can charge 10X the current price for its products and just keep churning out profits. When asked why he doesn't buy companies producing new innovative products he said he's not good at predicting what the hottest new gadget will be but he does know how to analyze companies that produce valuable products that have long term staying power and since that's what he understands that's what he buys. He's currently sweet on railroads, doesn't give a flying f*ck about tablets/phones/pods or whatever the hottest trend is. On gold, he says the worldwide supply is worth about $7 trillion at current prices, and for that same price he could buy all the farmland in the U.S. plus 5 Exxon-Mobils and still have $1 trillion walking around money. He puts his money on investments that produce stuff.

Interesting.
 


leadsupplier said:
The only way I could see this happening is if some completely new business just happened to be the next big global thing and required tons of new factories and workers all within the US. Lol which I would say is highly unlikely
Click to expand...

WWIII
 
guerilla said:
I don't think you're an idiot. But I do think you could stand to learn a lot more about economics and history.
Click to expand...

I'm willing to bet I know more about econ on a macro level then you do about xrumer...

Also, don't attack customers-it's bad for business.

In case you need to hear it from someone more intelligible than Trump: [ame="http://www.youtube.com/watch?v=KBPiKSg9jjo"]YouTube - Newt's Remarks at CPAC 2011[/ame]
 
goldmercury said:
WWIII
Click to expand...
We already have Iraq and Afghanistan, but both seem to be getting us poorer.

It's kind of pitiful the dust-up you see from people in public service unions clinging tenaciously to their bloated pay and bennies — at least where I live in NY. They just don't get it their day is past and they can't adapt to the new reality that taxpayers won't pay through the nose anymore for their services. "Once the economy improves, things will go back to the way they were," says one. Yeah, keep dreaming.

In the past, we used to spend our way back to prosperity, although I don't believe that will help enough this time. I think we need to innovate our way out of this mess, squeeze better productivity from the government sector, health care and increase accountability from all.
 
Everyone needs to tighten up their spending, stop buying crap they can't afford and live on less than they make - this will help the economy recover.
 
geomark said:
Did anybody see the Warren Buffet interview the other day? He is such a down to earth straight-talking guy. When asked about the weakening dollar he said he isn't worried because he buys companies that produce stuff and have long term earning power, so when the dollar becomes worth 1/10 its current value that company can charge 10X the current price for its products and just keep churning out profits. When asked why he doesn't buy companies producing new innovative products he said he's not good at predicting what the hottest new gadget will be but he does know how to analyze companies that produce valuable products that have long term staying power and since that's what he understands that's what he buys. He's currently sweet on railroads, doesn't give a flying f*ck about tablets/phones/pods or whatever the hottest trend is. On gold, he says the worldwide supply is worth about $7 trillion at current prices, and for that same price he could buy all the farmland in the U.S. plus 5 Exxon-Mobils and still have $1 trillion walking around money. He puts his money on investments that produce stuff.

Interesting.
Click to expand...

Yeah but what the fuck does that guy know?
 
MSTeacher said:
Step 1: Nationalize the Fed
Step 2: Withdraw funding from imperial overseas adventures
Step 3: Pass a 1% Tobin Tax
Step 4: Ban derivatives
Step 5: Reissue the Frazier-Lemke Act
Step 6: Create Tennessee Valley Authority style projects in every state
Step 7: Recreate a Public Works Administration and a Civil Works Administration
Step 8: Force the Fed to issue a few trillion in zero percent credit to industrial production and job creation, 100 next-generation reactors, 5k miles of maglev rail, lunar mining, etc.
Step 9: Tell the UN, the IMF, and the World Bank to go fuck themselves
Step 10: PROFIT
Click to expand...

+1 Agree, why can't we find a politician that thinks this. We all need to support Ron Paul.
 
quamism said:
+1 Agree, why can't we find a politician that thinks this. We all need to support Ron Paul.
Click to expand...


10566-Inception-leo-simple8-8-10.jpg
 
Positive Carry said:
I'm willing to bet I know more about econ on a macro level then you do about xrumer...
Click to expand...
Even if that was true, it would be irrelevant to the discussion.

Positive Carry said:
Also, don't attack customers-it's bad for business.
Click to expand...
I didn't attack you. I just said you were NOT an idiot.

That said, if you post on Wickedfire, but expect that your opinions get treated specially because you're someone's customer, then let's hope your alarm clock goes off, because you're dreaming.

Positive Carry said:
In case you need to hear it from someone more intelligible than Trump: YouTube - Newt's Remarks at CPAC 2011
Click to expand...
These are politicians delivering red meat speeches to people who also do not understand economics well. It's feel good stuff, but it has very little to do with facts or logic.
 
MSTeacher said:
Step 1: Nationalize the Fed
Step 2: Withdraw funding from imperial overseas adventures
Step 3: Pass a 1% Tobin Tax
Step 4: Ban derivatives
Step 5: Reissue the Frazier-Lemke Act
Step 6: Create Tennessee Valley Authority style projects in every state
Step 7: Recreate a Public Works Administration and a Civil Works Administration
Step 8: Force the Fed to issue a few trillion in zero percent credit to industrial production and job creation, 100 next-generation reactors, 5k miles of maglev rail, lunar mining, etc.
Step 9: Tell the UN, the IMF, and the World Bank to go fuck themselves
Step 10: PROFIT
Click to expand...

Get the fuck off Wicked Fire and draft a fucking campaign plan. The next presidential election is rather close for you to be fucking around!

Seriously, a politico talking in these terms would have my vote.... fuck all the titties around here, this gave me a hard on!
 
solution is simple. re-enact glass-steagall, raise rates so banks pay interest to savers who actually work instead of just speculate in the market. bond holders take a hit, so what (what's china gonna do, attack us and make it impossible to repay debt?). slow growth, trickle up.
 
Ron Paul is great, but he will never win b/c he doesn't have enough "coho-nays"

trump as a president would be entertaining, but i dont think that will ever happen either
 
You must log in or register to reply here.
Top Bottom