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Re: Jack Crooks Calls For Deflation And Long Term Bull Market USD. [wtf]
I get it, Although this US situation "looks" in the surface as what troubled other economies on past times, this time the situation is that US has to shift from service/intellectual rights to re industrialize.
I could post as an argument that from my perspective, Mexican Economy did have to shift several times between 1970 and today. Until that year, our economy was based on imports substitution industrialization. Point is that over protective regulation let us an uncompetitive industry. On 70's the trend was to nationalize every non performing industry "to protect employment" and to "fulfill social expectations from Mexican Revolution". All that had the bonus of oil wealth discovered in the 70's. That chapter ended in the "ransacked" speech of September 1st 1982, and again we had to shift to market economy as attested by our inclusion first in GATT in 1986-7 and then into all sets of FTA's from the early 90's. We surely became a net Manufactures/Oil exporting economy in the process (how many so called "banana republics" can say that?), but all that hasn't put us socially in a much better position than what we were in the 70's.
Your analysis points out many details that haven't passed in many heads. That again we will have stagflation in my perspective is out of question, about how it will evolve is something we will have to see, how it will resolve is something that we will have to work out, at least from the particular perspective of each of us.
Most of the people that come here do so not only to try to fix the world. Many of us want to improve our own future options, and the best informed we get about how things really work, in the case of this forum in the economical front, the better we all can face the perspectives we have.
As you posted, EJ, the point here is not only to hear the postulates of the master, but to enhance the propositions by the way of the dialog. That's why this forum is better than many. We are open to post our position, and although we may be wrong on some points, on others, the expansion of the perspective that comes from the different backgrounds of the readers and members here is what gives a better base upon which build up our individual thesis.
Thanks to all to keep the discussion level on this. Future certainly won't be easy, but the flow of commentaries surely can help most of us to face it better.
I get it, Although this US situation "looks" in the surface as what troubled other economies on past times, this time the situation is that US has to shift from service/intellectual rights to re industrialize.
I could post as an argument that from my perspective, Mexican Economy did have to shift several times between 1970 and today. Until that year, our economy was based on imports substitution industrialization. Point is that over protective regulation let us an uncompetitive industry. On 70's the trend was to nationalize every non performing industry "to protect employment" and to "fulfill social expectations from Mexican Revolution". All that had the bonus of oil wealth discovered in the 70's. That chapter ended in the "ransacked" speech of September 1st 1982, and again we had to shift to market economy as attested by our inclusion first in GATT in 1986-7 and then into all sets of FTA's from the early 90's. We surely became a net Manufactures/Oil exporting economy in the process (how many so called "banana republics" can say that?), but all that hasn't put us socially in a much better position than what we were in the 70's.
Your analysis points out many details that haven't passed in many heads. That again we will have stagflation in my perspective is out of question, about how it will evolve is something we will have to see, how it will resolve is something that we will have to work out, at least from the particular perspective of each of us.
Most of the people that come here do so not only to try to fix the world. Many of us want to improve our own future options, and the best informed we get about how things really work, in the case of this forum in the economical front, the better we all can face the perspectives we have.
As you posted, EJ, the point here is not only to hear the postulates of the master, but to enhance the propositions by the way of the dialog. That's why this forum is better than many. We are open to post our position, and although we may be wrong on some points, on others, the expansion of the perspective that comes from the different backgrounds of the readers and members here is what gives a better base upon which build up our individual thesis.
Thanks to all to keep the discussion level on this. Future certainly won't be easy, but the flow of commentaries surely can help most of us to face it better.
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