jeez, jseal, i wouldn't say i'm wailing. gnashing? even that's pushing it.

wyndhy,

Perhaps I misinterpreted your ealier posts.

http://www.pixies-place.com:81/foru...67&postcount=24

http://www.pixies-place.com:81/foru...34&postcount=30

I though them rather emphatic.

emphatic means wailing and gnashing?

What's really alarming is how out of whack our Current Account is getting on a quarterly basis (and yes, I know we had a slightly less negative uptick in 4Q06 but not enough). After rough parity in 1991, it's been delining (and generally more rapidly over the years). One chief culprit is the real savings rate, which has been negative in the US for some time. We're using foreign money to fund our shopping sprees. :yikes:

High current account deficits = currency devaluation = lower purchasing power for people who already lack savings. Which equals something close to sucking in my book. :D

osuche,

True, but only if that future comes to pass. I will agree that a change in the U.S. consumer savings rate is in order.

Is this what the economists call "irrational exuberance"

:rofl:

osuche,

Possibly, possibly. :) I prefer to leave predictions to those who believe they can peer with some degree of confidence into the future. I need only refer you to some of the speculations in the $$Gas$$ thread to illustrate how entertaining they may be.

Best. Question. Ever.

Well did you ever hear what happened to citibank? There are murmurs in the banking community that they nearly went bankrupt and the fed helped them by putting a whole bunch of cash in their reserves. And yes I think they could do that. The public is really too involved in their small little worlds to care about the big issues. Look again back at what this all started with. Global warming. It all comes down to the crappy educational system and lack of social awareness. After all having to acknowledge that there are problems in the world that have to be addressed is stressful.

But yes I just want to say one thing. I think it is great that this conversation is going on. It shows we actually have more on our mind than just sex.

rzande1,

I agree with you. When dealing with the world's many intractable problems it will always be possible for reasonable people to disagree.

Finally...someone who reads the articles. :p

:huh: You mean there's ARTICLES? With writing and everything? :faint:

Who knew?

:D:D:D

DM