Comments on: Was I Wrong, Or Did Something Change?

By: Some US Citizen

Some US Citizen — Sun, 15 Nov 2009 18:16:15 +0000

Companies will create jobs in India and China, â€œplaces where people want the products and where the governments welcome you to actually do something,â€ Farr said.

…………..

â€œWhat do you think I am going to do?â€ Farr asked. â€œIâ€™m not going to hire anybody in the United States. Iâ€™m moving. They are doing everything possible to destroy jobs.

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Correction. Farr is doing everything possible to destroy jobs in the US with his spite. I would only hope that his departure is a result of some criminal charge a la the NSA-objecting Qwest executive.

He just wants pliable yes-men, for which the Third World produces readily and maintains by government suppression of deviations in opinion. That is, he goes to slave labor for which does not know or fears to make objections towards their government. Any willingness in the matter of those people is academic at best.

Farr would do well to humble himself, for his actions might attract the US government by his support of hostile regimes in the Third World. Otherwise, if he wishes to act as if he were the Almighty, he may not like the long-term consequences. Or perhaps a US government that can pursue any enemy it wishes to choose in any part of the world – whether it be the Middle East(excluding Israel), China, Vietnam, India, Pakistan, or people like Farr – towards the security of individuals who reside in the United States.

If you don’t like it, fine. Just don’t talk like you are for this nation and not act to undermine it by strategic withdrawal to the Third World.

By: JWT

JWT — Sat, 14 Nov 2009 18:57:48 +0000

Two more thoughts.
1) In the third quarter of 2008, Goldman Sachs was teetering on bankruptcy. In the third quarter of 2009, Goldman Sachs had profits of $3.03 BILLION! I like the descriptive phrase that seems to be making the rounds, i.e., we have Crony Capitalism. Sounds about right to me.
2) Since it seems many readers here are managing small businesses, you should know that Section Three of our new book, The Great Recession Conspiracy, is devoted entirely to how SMEs and individuals can survive and prosper in the Business Cycle, actions you can take to benefit yourself regardless of what the government does, or does not do. All hard edged stuff. It costs $4.95 and you supply the paper and ink. The address is in my earlier post.

By: epobirs

epobirs — Sat, 14 Nov 2009 07:26:36 +0000

I strongly recommend that everybody read ‘The Forgotten Man’ by Amity Schlaes. This is easily the most important history book of this decade.

In the early 30s a lot of people thought the worst was over and recovery would be rapid. But the FDR gang had only begun to screw with things and made the Depression into the Great Depression.

It’s all happening again, except this time the culprit know what they’re doing and want things broken so badly that people will accept any new regime that offers stability.

By: Thomas Barton, JD

Thomas Barton, JD — Sat, 14 Nov 2009 05:01:22 +0000

I hope that you will travel with your hero, David Farr, to India to find him a suitable home to enjoy all the maddening mix of bounty and mind-boggling suffering in that country. Maybe he can take that pathetic football organization with him and the title of VP of Planning for the Mumbai Rams can be yours, you scrawny North American jackal.

By: Mesa Econoguy

Mesa Econoguy — Sat, 14 Nov 2009 02:38:51 +0000

And JWT is correct, Goldman, and their cephalopodian brethren, will eventually rule the world, right after they get New Jersey back.

By: Mesa Econoguy

Mesa Econoguy — Sat, 14 Nov 2009 02:19:40 +0000

In brief: Businesses are reluctant to invest when the returns on their investment are wildly unpredictable Regime uncertainty Stimulus = unemployment = Philips Curve Silly economics. Partially relevant. See also Rational Expectations (also somewhat silly). Which proves, as an economic libertarian, that Republicans (coke) destroy things slightly slower than Democrats (Pepsi, or Obamaliniâ€™s obnoxiously obvious ripoff logo). Note: Apparently, Coke is smarter than Pepsi. Who'da thunk?

By: JWT

JWT — Fri, 13 Nov 2009 17:26:50 +0000

Hey, wait a minute here. The whole fantasy of world wide financial collapse was the work of Hank Paulson, George Bush’s Secretary of the Treasury. It was also Paulson’s reponse to the threat he imagined to create TARP and funnel enormous amounts of our dollars directly to Goldman Sachs. Now Robert Rubin is Obama’s godfather of finance and he, like Paulson, is a former chairman of Goldman Sachs.

If you are worried about the profits of your business, the direction is clear. Go to work for Goldman Sachs. They have no problem being incredibly profitable and they don’t have to worry about politicians nagging at them since they have looted the treasury under Republican and Democrat administrations.

You can find a clear explanation of what caused the recession and what to do about it at http://www.scribd.com/doc/16864582/The-Great-Recession-Conspiracy. It is also available as a Kindle book. Not a single wild fantasy, not s single foolish theory, just facts so you can make up your own mind.

By: David Zetland

David Zetland — Fri, 13 Nov 2009 16:49:16 +0000

It’s well-known (or should be) that economists know little about business. Unfortunately, many of them are advising the government… on business.

By: Methinks

Methinks — Fri, 13 Nov 2009 16:37:47 +0000

credit at the moment is frozen out by government policy. banks borrow at 25bp, buy govvies at 3.5%, lever 10:1, and make a killing while keeping tier 1 ratios looking good.

Isn’t this what Japanese banks did after the bubble burst in Japan two decades ago?

By: Michael Miller

Michael Miller — Fri, 13 Nov 2009 16:25:18 +0000

You nailed it, Coyote.

Furthermore, demographic trends here in the US virtually guarantee more of the same. Time to pull up stakes and move all significant assets abroad.