tag:blogger.com,1999:blog-2932064306183774309.post570297198365033528..comments2023-08-24T02:54:54.250-04:00Comments on NY Islanders 7th Woman: Short Sighted Republicans?7th Womanhttp://www.blogger.com/profile/03918374173739981835noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2932064306183774309.post-13577108039360695142009-05-21T09:25:42.294-04:002009-05-21T09:25:42.294-04:00Dee - of course the banks are insolvent, the whole...Dee - of course the banks are insolvent, the whole trick is how to deal with them without getting the zombie banks that led to Japan's lost decade in the 90's.<br /><br />As for where is the money coming from - you should check my site - I think it was "Hidden Public Costs, Part III" from way back in February. I posted a study from Moody's Economy that showed infrastructure spending had a multiplier effect, in which every dollar spent generates $1.59 in economic activity. That's why they call it stimulative spending, and that's why people are willing to invest in roads, bridges, and trains, but NOT ARENAS.<br /><br />Hope that made sense.Nickhttps://www.blogger.com/profile/11753698648862261183noreply@blogger.comtag:blogger.com,1999:blog-2932064306183774309.post-38890820935569957082009-05-20T07:50:52.502-04:002009-05-20T07:50:52.502-04:00"The American banking system is insolvent." My ear..."The American banking system is insolvent." My ears perked up. "Think of the banking system as piggy banks. They are all empty." I grew pale and began to sweat.<br /><br /><br />Please tell us you were kidding!!!!<br />It took a radio station up north to tell you that??<br /><br />What do you think was backing all these trillions they are printing<br />Gold??? All its worth is the paper its printed on and oh yes a promise its actually worth something<br /><br />I'm afraid to ask what else will make you turn pale and sweat?<br /><br />Welcome to the real worldAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2932064306183774309.post-43851380246766178872009-05-19T22:38:37.582-04:002009-05-19T22:38:37.582-04:00Oh puullllease - I don't believe that our banking ...Oh puullllease - I don't believe that our banking system is insolvent for one minute. The market goes down, the market goes up. It's cyclical.<br /><br />If you're listening to Canadian Sports talk radio all day long, they are not the most reliable for financial information. Try listening to Bloomberg Radio to get a real idea of what's going on.Travelchic59noreply@blogger.com