8/28/2006 : Early warning on US economic bust

mimo2005 · 03-08-2008, 01:58 PM

Early warning on US economic bust shown in this interview, but I wanted to kick ,the second guy, that Laffer hard in the nuts.
By the way , Laffer was the one who convinced Reagan that you could lower tax rates and raise spending and everything would be fine.

Video:
http://www.youtube.com/watch?v=LfascZSTU4o

Bonus story : (sorry,more bad news)

Mortgage market needs $1 trillion, FBR estimates
Without that, prices of securities will fall, raising interest rates on home loans

STORY

**Wozer** · 03-08-2008, 06:03 PM

the laugh about the Laffer Curve is that there is no way to determine which side of the bell you are on, basically its just a flip of the coin to make a guess as to what to do to 'fix' things....more voodoo economics along the line of the fabled 'trickle down theory'....

on the dire predictions...yep, I've been giving those for over a year now, but of course no way is the mainstream going to give such an early warning of reality as that would just scare the sheep before the wolves have time to get out...sure there are those that spoke up but they were quickly silenced by the louder voices of reassurance

03-08-2008, 01:58 PM	#1 (permalink)
mimo2005 Manager, The Relaxation Room/Analyst, Security Team Join Date: Oct 2004 Posts: 10,506 OS: xp	8/28/2006 : Early warning on US economic bust Early warning on US economic bust shown in this interview, but I wanted to kick ,the second guy, that Laffer hard in the nuts. By the way , Laffer was the one who convinced Reagan that you could lower tax rates and raise spending and everything would be fine. Video: http://www.youtube.com/watch?v=LfascZSTU4o Bonus story : (sorry,more bad news) Mortgage market needs $1 trillion, FBR estimates Without that, prices of securities will fall, raising interest rates on home loans STORY __________________ TSF has outgrown its server, again. Please help "Gutta cavat lapidem, non vi sed saepe cadendo" Last edited by mimo2005 : 03-08-2008 at 02:00 PM.

03-08-2008, 06:03 PM	#2 (permalink)
Wozer TSF Enthusiast Join Date: Oct 2004 Posts: 1,002 OS: 2kpro/XP pro/MCE	Re: 8/28/2006 : Early warning on US economic bust the laugh about the Laffer Curve is that there is no way to determine which side of the bell you are on, basically its just a flip of the coin to make a guess as to what to do to 'fix' things....more voodoo economics along the line of the fabled 'trickle down theory'.... on the dire predictions...yep, I've been giving those for over a year now, but of course no way is the mainstream going to give such an early warning of reality as that would just scare the sheep before the wolves have time to get out...sure there are those that spoke up but they were quickly silenced by the louder voices of reassurance __________________ Beware of the big 3 insurance companies in Texas! Read your policies carefully (maybe you'll need a lawyer) and enjoy the 6% increase in your rates you are about to receive from Allstate, Farmers & State Farm for most likely reduced coverage Last edited by Wozer : 03-08-2008 at 06:05 PM.