Comments on: The industries that will come back first and best

By: LEU

LEU — Mon, 28 Dec 2009 14:27:24 +0000

These government lackeys couldn’t FIND a job in the private sector – that’s why they are where they are.

By: porterdude

porterdude — Sat, 26 Dec 2009 18:32:41 +0000

An “equally valid forecast from a physicist”… in the same sense that government economists publish equally valid theories of physics.

By: Albert B. Peterson

Albert B. Peterson — Sat, 26 Dec 2009 17:34:18 +0000

“fire the lot of them” at the next election. Need to start a program to elect persons of same mind now… Let all elected officials know where they stand. All organizations of any type should understand what is happening to the USA. Get the GOP organized and without doubt fund it.

By: Stan

Stan — Thu, 24 Dec 2009 21:52:44 +0000

Blodget – I like your forecast and reference to the feedback loop.

There are good computer based high math financial modelling tools but government economists apply too many variable to use them.

You are right about dollar getting to par with RMB – that will be fun to watch on CNN News.

By: Langmuir Blodget

Langmuir Blodget — Thu, 24 Dec 2009 19:44:07 +0000

What a waste of money these government economists are. Please, someone, fire the lot of them and
put them back into the productive sector.

Here is an equally valid forecast from a physicist. Government vote-buying programs will continue
to expand until it is impossible to borrow from China and Saudi Arabia to keep it going, so
the treasury will be forced to print money to meet its obligations. This will cause devaluation of the
dollar, which will lower the value of debt already held. This is an unstable feedback loop which will
end in the dollar being on par with the RMB and foreign goods being too expensive to import.

This will increase the demand for local
manufacturing, and force people out of service and government jobs into manufacturing and
construction.