Year2
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@ I want to keep this going, but I'm going out of town and won't have much Internet access. Have a good weekend.
12:17 PM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ The Euro might blow up and China manipulates its currency. So we’re set.
12:16 PM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ Nothing can replace the dollar there either. Only Europe and China have big enough economies to be candidates, but …
12:16 PM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ We too are in a unique situation. We have our own currency, and they don't. It's the world’s reserve currency at that.
12:15 PM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ Greece, Spain, and Italy are all different situations. Spain was running a surplus with low debt before the recession hit.
12:14 PM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ …social safety net spending, then yes, borrowing can help. Particularly at the very low rates of today.
12:14 PM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ There does need to be long term reform. But, I borrowing jump starts the economy, thereby raising tax revenues and lowering…
12:13 PM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ Yes, this has been good.
11:59 AM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ Spain and Italy would be fine of they had their own currency. And they might soon if the EU doesn't agree to a fiscal union.
11:59 AM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ Greece is F’d because it lied about its books for years. Also, tax evasion is the national pastime there.
11:58 AM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ No. Our downgrade was a debt rating agency trying to get attention. Our interest rate fell below 1.5% today.
11:57 AM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ Not to mention all the businesspeople who say that reg/tax concerns are way behind lack of demand in their thinking.
11:56 AM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ I might be with you if it wasn't for the largest debt bubble in history bursting a couple years ago. That still is the cause.
11:43 AM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ Debt and crowding out can be problems, but they're not right now. Unemployment and low demand are the pressing problems.
10:32 AM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ The main way gov't spending crowds out is by causing interest rates to rise. Rates are zero now and will stay there for years
10:28 AM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ Funny you mention Japan. Its debt/GDP ratio is over 200% and it’s doing better than us right now. Debt isn't always a problem.
10:27 AM Jun 1st
via Twitter for iPhone
in reply to jaredstill
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@ Private investment doesn't build roads. That's why fixing roads is a great start.
10:09 AM Jun 1st
via web
in reply to jaredstill
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@ The government has demand just like any other economic actor. Whether it buys roads, tanks, or office paper, that's demand.
10:08 AM Jun 1st
via web
in reply to jaredstill
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No surprise RT @: SEC officially adopts 6-1-1 scheduling format Auburn-UGA, 'Bama-Tenn, Ark-Mizzou, Florida-LSU
10:03 AM Jun 1st
via UberSocial for BlackBerry
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As expected, SEC adopts 18-game bball sked with 1 permanent rival & 4 rotating opponents twice a year, other 8 teams once.
10:03 AM Jun 1st
via Twitter for Android
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- Name David Wunderlich
- Location Charlotte, NC
- Web http://www.teamsp...
- Bio Technologist, cubicle dweller, and co-manager of Team Speed Kills.
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