What happened to the "Guns and Butter" theory-a war time recession?????? Per the Wall Streeet Journal-American Millionaires are being created at a record rate.....
2007-11-23 01:48:12 · 8 answers · asked by Anonymous in Politics & Government ➔ Government
Probably. But, not for the wild-eyed reasons that some of the posters have mentioned. As the price of oil continues to rise, the cost of producing and transporting commodities will reach an inflationary point beyond the fed's ability to hide it.
2007-11-23 02:02:05 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There are a lot of economic theories out there, guns and/or butter, trickle down, Keynesian.
My favorite is kitchen table.
As far a Wall St. goes its overvalued, priced on price instead of either potential or assets, it no longer has a valid place in deciding on whether or not we are in or are going to be in a recession. In the present climate those kitchen table decisions are going to tank the economy for any but the oil exporting nations, at the kitchen table we will decide what to buy and what we can do without in order to heat and light our homes. Wall St may be jumping, but Main Street will be hurting.
2007-11-23 02:00:35 · answer #2 · answered by justa 7 · 0⤊ 1⤋
I believe that this country will suffer the worst economic depression in its history shortly after Bush leaves office.
That's why you'll be seeing a very mediocre attempt on the part of the GOP to win the '08 elections. They'd rather let the Democrats inherit their mess, then be blamed for the economic collapse of the U.S.A.
Bush's runaway war spending, reckless economic policy, 'cooked' books and unimaginable multi-trillion-dollar debt has to eventually bring this nation to its knees.
2007-11-23 02:37:17 · answer #3 · answered by -RKO- 7 · 2⤊ 0⤋
Honestly, you can be working class and a millionaire these days. Look at whats happening to the avg American however. Buying power is incredibly reduced.
2007-11-23 01:51:41 · answer #4 · answered by Anonymous · 0⤊ 0⤋
when things go a little soft for the millionaire and billionaire investers, they will opt out of their stock holdings and the real economy will be exposed. They will have made millions more and wont be effected therefore they wont care either.
Kind of like how they don't care about the deficit they've allowed this President to saddle the country with
2007-11-23 01:53:53 · answer #5 · answered by Anonymous · 0⤊ 1⤋
9 trillion in debt and Red China almost owns us Yes!! Did you folks know that you own nothing your government has mortgage America to the hill and guess what the world bank can step in any time and claim it, your money home car stocks the u.n. will back them
2007-11-23 01:54:25 · answer #6 · answered by Anonymous · 0⤊ 0⤋
according to Greenspan it's coming.
2007-11-23 04:40:17 · answer #7 · answered by huckleberryjoe 3 · 0⤊ 0⤋
Arent we already there?
2007-11-23 01:59:09 · answer #8 · answered by Anonymous · 0⤊ 0⤋