Any Idea Why Prices Are Horrible?

Originally Posted by alloy2

Not going to work, consumer spending is not the ticket out of this mess.

When we go into the forest to harvest wild mushrooms we drill many holes into our pails. The purpose of the holes is to allow spores from our picked mushrooms to escape to assure there will be future pickings. With HRC she leaves nothing behind for the future.

Does this make sense ?

Honestly, i think you are looking at this through the lens of the upcoming election. I've got no interest in that. Literally shut off the tv a couple of months ago. Too many loud people .... i've got no taste for that kind of thing. I do get that others are caught up in it though. Fortunately, it will all be over soon.

I'm really more interested in the mechanics of the economy. Economics aren't political. We had a gent by the name of Alan Greenspan who served with distinction as the chair of the Federal Reserve across many different administrations. He vacated his post sometime in the 2000's and the economy hasn't been going very well since. I suspect that the administration of that time directed him to do something that he strongly disagreed with ... and that's why he stepped down. The thing is that when you're serving at a high level like that .... you don't get to badmouth the boss on the way out the door. It's one of the rules of the game.

The question is what's broke with the economy and how do we fix it ? How do we avoid making the same mistakes over and over again ?

If we keep it real, we know what economic policies got us into this mess. We also know that current economic policies aren't doing very much to help improve the situation.



You would be surprised. I've read your posts and we're really not all that much in disagreement.

Any idea why scrap prices are horrible ? The simple answer is that it's the economy.