Comments | harryh: The Iceberg Cometh

harryh

The Iceberg Cometh

Aug 03, 2005 14:10

Many of you might find this interesting. If we can believe what we read in the newspapers, the American economy, formerly believed to be as unsinkable as the Titanic, appears to be steaming toward an iceberg. Most of the experts and nearly all of the navigational aids point in the direction of catastrophe-a $666 billion deficit in international ( Read more... )

economics

Comments 11

perich August 3 2005, 19:18:19 UTC

Most of the experts and nearly all of the navigational aids point in the direction of catastrophe-a $666 billion deficit in international transactions last year

I HATE EVERYONE ALL THE TIME! GYARGH!

harryh August 3 2005, 19:19:51 UTC

Thank you for being so specific. :-P

superhumancuban August 3 2005, 20:13:54 UTC

good read, thanks for the link. I agree with the notion that the politics in this country is polarized to the point that eveyone sees the problems and wants to fix them, but we'll bicker about the solutions all the way down the cliff.

At least the prospect of severe economic collapse seems interesting in the same way as being in a car accident is interesting. whee!

x09 August 3 2005, 20:31:15 UTC

Agreed, interesting read. Thanks for the link Harry.

And ... is it today or tomorrow? Happy birthday. :)

superhumancuban August 3 2005, 20:40:33 UTC

oh shit yea happy birthday man.

remember, whether or not you actually rattled off prime numbers is irrelevant to our communal enjoyment of that story (or any other about the way a fella enjoys his birthdays). make more stories!

harryh August 3 2005, 20:43:41 UTC

I thought it was digits of pi? That was a while ago though.

And ya, I have to make up for last year's tame bday. I'm sure this year will bring some sort of excitement.

Thread 6

r_transpose_p August 3 2005, 20:40:46 UTC

If Krugman is right about the 50% chance of an American financial collapse, we're probably going to take the rest of the world down with us.

That does not seem like it would be good.

If I recall, the last time all first-world countries simultaneously entered a depression, Hitler rose to power.

harryh August 3 2005, 20:44:12 UTC

Ya, if we go down, the whole world is fucked. I have no idea whether Krugman is right or not, but it is kinda scary that he might be.

phredward August 3 2005, 21:55:36 UTC

Peterson: "We don’t have a political system that really works". And he's the Republican!