European Tribune - Comments - Savings glut vs income shortage

Savings glut vs income shortage | 55 comments (55 topical, editorial, 0 hidden)

Re: Savings glut vs income shortage (4.00 / 3)

Have all economists really been looking at just the supply side of the economy for the last however many decades, and have they really been saying that everything is fine and dandy as long as costs are kept down sufficiently? Havent they been shouting that sooner or later that If you drive costs down by exporting jobs and cutting wages, then you're going to end up with noone left to buy anything?

Any idiot can face a crisis - it's day to day living that wears you out.

by ceebs (ceebs (at) eurotrib (dot) com) on Thu Jan 8th, 2009 at 07:19:50 AM EST

Re: Savings glut vs income shortage (4.00 / 3)

Yes, yes and no. Only lunatics such as myself have been saying that the policies that have been in place since the early 90s would result in all of us having the privilege of living in a cardboard or wood shipping container sitting in an open sewer.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jan 8th, 2009 at 11:38:29 AM EST
[ Parent ]

Re: Savings glut vs income shortage (4.00 / 2)

You say that as if living in a closed in sewer in plastic or Styrofoam would be a better choice.

Never underestimate their intelligence, always underestimate their knowledge.

Frank Delaney ~ Ireland

by siegestate (siegestate or beyondwarispeace.com) on Thu Jan 8th, 2009 at 03:18:33 PM EST
[ Parent ]

Re: Savings glut vs income shortage (none / 0)

Sorta Hobson's choice between the two. Better might be to squat in abandoned McMansions.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."

by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Thu Jan 8th, 2009 at 05:20:51 PM EST
[ Parent ]

Savings glut vs income shortage | 55 comments (55 topical, 0 editorial, 0 hidden)

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