Comments on: Doom and gloom goes mainstream http://www.mightybargainhunter.com/2006/06/07/doom-and-gloom-goes-mainstream/ Personal finance, commentary, and spending less the easy way Sat, 21 Nov 2009 01:23:30 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: mbhunter http://www.mightybargainhunter.com/2006/06/07/doom-and-gloom-goes-mainstream/comment-page-1/#comment-2778 mbhunter Thu, 08 Jun 2006 04:02:07 +0000 http://www.mightybargainhunter.com/2006/06/07/doom-and-gloom-goes-mainstream/#comment-2778 Easy E, I agree 100% with your assessment of Kunstler's book -- it's quite rational, and it's definitely a good idea to prepare. C, about the only exposure I have to the Austrian school is through the Daily Reckoning folks, but it seems to make sense as well. Thanks both for your comments! Easy E, I agree 100% with your assessment of Kunstler’s book — it’s quite rational, and it’s definitely a good idea to prepare.

C, about the only exposure I have to the Austrian school is through the Daily Reckoning folks, but it seems to make sense as well.

Thanks both for your comments!

]]> By: C http://www.mightybargainhunter.com/2006/06/07/doom-and-gloom-goes-mainstream/comment-page-1/#comment-2775 C Wed, 07 Jun 2006 21:08:02 +0000 http://www.mightybargainhunter.com/2006/06/07/doom-and-gloom-goes-mainstream/#comment-2775 With a background in Austrian economics I can only say that there will be a "correction" eventually...and corrections aren't pretty. Anyone who knows anything about price controls knows that they distort the market. Austrian theory is unique in that we see fixing interest rates as price controls on money. It sends false signals to investors and you know...the truth comes out eventually. I try to not get scared but I am going to get my bit on the gold train and perhaps the prudent bear kind of funds as well. Thanks for the blog! With a background in Austrian economics I can only say that there will be a “correction” eventually…and corrections aren’t pretty. Anyone who knows anything about price controls knows that they distort the market. Austrian theory is unique in that we see fixing interest rates as price controls on money. It sends false signals to investors and you know…the truth comes out eventually. I try to not get scared but I am going to get my bit on the gold train and perhaps the prudent bear kind of funds as well. Thanks for the blog!

]]> By: Easy E http://www.mightybargainhunter.com/2006/06/07/doom-and-gloom-goes-mainstream/comment-page-1/#comment-2760 Easy E Wed, 07 Jun 2006 14:00:28 +0000 http://www.mightybargainhunter.com/2006/06/07/doom-and-gloom-goes-mainstream/#comment-2760 I'd have to say there will be rough times ahead. I am in the middle of reading The Long Emergency by James Howard Kunstler (which I recommend), and he paints a pretty rational picture of the times we have ahead of us when oil ceases to be cheap. It's only a matter of time before demand for oil exceeds production, and with India and China preparing to launch into their own industrial revolutions that time may be very soon, say 5 years. I don't want to scar anyone but look at history and look at what drives our economy. Oil is the key and we don't even have enough of our own. Maybe I'm wrong but I'd rather be prepared instead of caught off gaurd. I’d have to say there will be rough times ahead. I am in the middle of reading The Long Emergency by James Howard Kunstler (which I recommend), and he paints a pretty rational picture of the times we have ahead of us when oil ceases to be cheap. It’s only a matter of time before demand for oil exceeds production, and with India and China preparing to launch into their own industrial revolutions that time may be very soon, say 5 years. I don’t want to scar anyone but look at history and look at what drives our economy. Oil is the key and we don’t even have enough of our own. Maybe I’m wrong but I’d rather be prepared instead of caught off gaurd.

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