It’s been interesting reading about the perception of the US financial services industry by global leaders attending the G 20 Summit in London. The Europeans are pissed, especially Chancellor Merkel of Germany and French President Sarkozy. Merkel has been especailly vocal about her anger with the US. They want the US to clean up the deregulation mess of financial services sector. The Germans are especially sensitive to massive financial dislocation because of the hyper inflation period that followed World War I. It’ll be interesting to see how the US responds.

It's good they are. They can join most of the folks in the US in that regard.

Chancellor Merkel is just as upset at the massaging of our financial industry for the past 8 years as she was at Bush's massaging of her.

They can join most of the folks in the US in
that regard.




At least the idiots that Americans are pissed off at aren't in office any longer.... DUHbya and the DICKster are busy ruining their own lives now.....

Trixter, I beg to differ with you. Barney Frank and Christopher Dodd are still very much in office. And Rahmn Emanuel, member of the board of Freddie Mac and fully informed about the funny business, is now White House Chief of Staff. That's after taking something like $320,000 in fees for doing a job he apparently didn't do very well.

I got news for all of you. The hyperinflation mentioned above is on its way. First in the US then to a lesser extent around the rest of the world.

Now, who do you blame for this? You blame EVERYONE for it. Bush et al, Obama et al. Obama and most Democrats and many Republicans have OKd spending money that doest really exist like the proverbial drunken Sailors ! You CANNOT inflate the money supply with out inflating all prices for any goods and services. Eventually it catches up.

You want a ruined life? Try paying 4$ for a mediocre loaf of bread ! And that without a pay raise !

Trixter, I beg to differ with you.

And that's why your a neo-CON on the losing end of things....

Trixter, do you ever have anything intelligent to say? The only posts you ever make are negative put-downs on individuals. Do you ever have anything floating around in your head that might be considered a contribution to the discussion?

By the way, the word would be "you're", not "your". What grade do they start teaching things like that now days?

Barney Frank and Christopher Dodd are still very much in office.

Eric Cantor and John Boehner are still very much in office as well.

By the way, the word would be "you're", not "your". What grade do they start teaching things like that now days?

Is that all you got? Insults? Trixer made a common mistake, one made by those of the human race.

"Eric Cantor and John Boehner are still very much in office as well."

Thank God for small favors.

"Eric Cantor and John Boehner are still very much in office as well."

Thank God for small favors pricks.

Careful, that's Barney Frank's territory.

And Larry Craig, and Karl Rove.

Deane...
This is a GD message board who cares how sumpin is spelled? If your that ANAL you need some help.. YOU'RE just 2 TIGHT! YOUR in need of more of YOU'RE medication

I think we need to re-title this string from "The Europeans are pissed at the U.S " ...to "Pissing match of political ideology and personal insults between Deane, Amus , listen , and trixter".

Trixter, do you ever have anything intelligent to say?

We've all wondered that about you? Life in NebrASSka must really F'in dull when you have to try and make fun of me....

I don't buy the argument of hyperinflation. The days of 18% interest rates will never be seen again. However, I do believe that we will see some inflation moving forward as the economy comes around. In fact, a little bit of inflation is not that bad a thing if you ask me. The key is to keep a balance between growth and inflation that is healthy. Currently, we are experiencing some deflation, which is also a concern. We'll see what happens, but I'm confident that once we bottom out we will grow. The key is to not grow too fast too soon. Slow and steady over the long term is the way to go. This boom and bust cycle we seem to be in is not good for the long term.

"And that without a pay raise !"

That depends on why the inflation occurs, and how long it occurs.

Also, not all spending will lead to inflation. Remember the little money thread I started a while back. We are a debt based system. Debt is how we invest to build value. If that value results, the money supply is fine = no significant inflation.

If it goes down a black hole, then we have inflation.

Now you know why almost all of my posts are focused on value! Simple labor, skilled labor, innovation, applied over time does that. If the owner of that exercize exists here, those dollars stay here and we all get to enjoy them. If that's done by an entity that exists overseas, you are sweating for somebody else to have their bennies.

The $1 Trillion going to the World Bank is gonna cause some. No doubt about that.

As for your pay raise... depends on if your line of work holds value or not. Truth is, we are going to be literally building out new economic revenue streams. Where your skills align well with those streams, you will be fine. Where they don't, you are getting devalued and that means investment.

Most professionals will just adjust their rates accordingly. That's what I will be doing, and have done. Those skills apply across multiple industries. Few worries, unless you've locked on to a niche.

Skilled labor that has union backing will negotiate the same. This helps a lot of people actually.

Unrepresented labor might see an increase, depending on what kind of jobs we see, and where they are. That will cause a supply problem with trained workers. Always good for workers wages.

Service / retail type jobs are gonna suck huge. Thank Republicans and Reaganomics for creating a ton of them, sending the good jobs to China.

If you are in some of these at risk categories, you really should be pulling for the better safety net stuff --yeah, that's the stuff us progressives push for, because we know how it goes.

And, it's a great time to pick up some skills. 2 years of unemployment is a LONG time to do that, and is exactly what I would do if unemployed. Being employed means doing some self-investment to build your personal value.

In the end, building value across the board is our way out. That means each of us so impacted too.

Been around that merry-go-round a few times in my life, watching good skills devalued from overseas exploitation and unfair competition.

It gets easier is all I can say.

If you have a skill, and it's possible for you to offer it on your own, also pull for the better safety net stuff, and do just that.

I've had to do that too, and didn't have the safety net. Income was fine --great actually. Risk was a bitch... Oh well, I got through and everybody is alive, and we have little debt now.

Could be worse!

Before you go bitching about how this policy is just gonna screw all of us, do some analysis of where you are, why it matters and to whom, follow the money backward and make some choices RIGHT FREAKING NOW.

You have time.

Doesn't hurt to figure out how to live small either. Those extra dollars can be used to make those investments that pay off. This is exactly what I have done in the past, and am doing right now actually.

The very last thing you need at a time like this is to carry a big monthly nut you don't need and that will trap you.

I've been called a socialist here, and that's cool. I'm not pissed. But, you read this post and consider that it's just as much our deal to get through this stuff as it is Uncle Sam.

Remember that.

This inflation might take 2 or 3 years to peak out, but it will happen. Maybe not 14 to 18 % mortgage interest rates, no. But the inflation of the Federal Money supply such as we have seen lately ( something like 2.6 trillion and counting ) has to have inflationary consequences on prices for goods and services eventually.

The deflation we saw over the last 6 months or so has been due to the collapse in the oil markets. Energy prices affected a whole host of issues, as they usually do. Energy prices also drove the inflation in the late 70s and early 80s as well.

The thing is that this time, since about last September the Fed and Treasury have been tinkering with the money supply because of the bailouts and now the current administration and Congress have been spending like never before on Stimulus, bailouts and the 2010 budget. It will be interesting how the inflationary impact from this particular new brand of watering down the money supply will compare to the last big bang of rampant inflation which occured in the late 70s and early 80s. Time will tell.