Comments on: The man who predicted the Depression in 1997 http://renegadeeconomist.com/blog/man-predicted-depression-1997.html Just another WordPress weblog Thu, 01 Jul 2010 21:56:34 -0700 http://wordpress.org/?v=2.8.5 hourly 1 By: Karl Kraut http://renegadeeconomist.com/blog/man-predicted-depression-1997.html/comment-page-1#comment-299 Karl Kraut Sun, 12 Jul 2009 23:59:22 +0000 http://renegadeeconomist.com/?p=487#comment-299 Wow! I get it! All the money disappearing into bricks and mortar, are basically funds that one lacks for productive investment. And no matter how high the BOE money-supply got, inflation figures remained low—because lots of stuff became cheaper, as production moved to lower wage countries. Thus you end up with an economy that consists of dot-com entrepreneurs, television celebrities, lawyers, bankers, politicians and cooks, selling each other ever more expensive houses. Wow! I get it! All the money disappearing into bricks and mortar, are basically funds that one lacks for productive investment. And no matter how high the BOE money-supply got, inflation figures remained low—because lots of stuff became cheaper, as production moved to lower wage countries.

Thus you end up with an economy that consists of dot-com entrepreneurs, television celebrities, lawyers, bankers, politicians and cooks, selling each other ever more expensive houses.

]]> By: Jono http://renegadeeconomist.com/blog/man-predicted-depression-1997.html/comment-page-1#comment-76 Jono Fri, 24 Apr 2009 12:22:10 +0000 http://renegadeeconomist.com/?p=487#comment-76 Brilliant stuff, Mr H. Keep going. I'm praying that any future administration will not ignore your analysis and take your advice so we can at least attempt to stop this nightmare from ever happening again. At least there is one voice of reason out there. Many, many thanks for all your efforts. Brilliant stuff, Mr H. Keep going.

I’m praying that any future administration will not ignore your analysis and take your advice so we can at least attempt to stop this nightmare from ever happening again.

At least there is one voice of reason out there. Many, many thanks for all your efforts.

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