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More proof that Obama is no more than another political
Message
From
21/07/2011 17:21:17
 
 
To
19/07/2011 17:16:00
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01518278
Message ID:
01518860
Views:
57
>I was talking about inflation and the reality that the US and its citizens have substantial debt that can be assisted by a dose of inflation. Instead, more and more people are meeting your definition of "responsibility" by saving rather than spending, which as others have observed is leading to economic stagnation, slow job growth, property deflation and all that other good stuff. A cynic might claim that austerity is another of those behaviors that benefits me as long as everybody else doesn't start doing it too.

I must disagree with your premise. The "story" is that Americans are saving more, however, it appears to me to be the exact opposite.
http://www.bloomberg.com/news/2011-07-21/consumers-in-u-s-relying-on-credit-as-inflation-erodes-incomes.html

Here are two contradictory takes:
http://www.businessinsider.com/good-news-consumer-debt-is-down-2011-7
http://www.consumeraffairs.com/news04/2011/07/consumer-debt-rises-for-eighth-straight-month.html
Wine is sunlight, held together by water - Galileo Galilei
Un jour sans vin est comme un jour sans soleil - Louis Pasteur
Water separates the people of the world; wine unites them - anonymous
Wine is the most civilized thing in the world - Ernest Hemingway
Wine makes daily living easier, less hurried, with fewer tensions and more tolerance - Benjamin Franklin
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