We have failed to address the essential problem faced by the world, which is that we have created more debt than we are able to service.
That cuts to the quick, doesn't it?
Wikinvest Wire
Monday, June 07, 2010
Harsh From Hussman
From this week's commentary from John Hussman;
That cuts to the quick, doesn't it?
That cuts to the quick, doesn't it?
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5 comments:
accurate IMO
SEG
He seems smarter now that his funds are making money.
and the solution is...
"Increase Wages"
That is how to reduce debt.
and that is why the tea party, republican crowd has it wrong. The rip into public unions and mark work programs, ... but that is the solution.
"Increase Wages and Re-Regulate Finance To Make it VERY HARD to spew credit / debt everywhere"
Increase wages.
How clever.
Uno why not lower spending and not accept the credit being spewed to the individual in the first place? That is far easier to do then increase wages.
Increasing wages comes at the cost of having to have the money come from somewhere or from someone.
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