Comments on: A year after Lehman, the good news http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/ Option ARMageddon Tue, 14 Oct 2014 13:06:34 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: dwillmo http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/comment-page-1/#comment-1614 Tue, 15 Sep 2009 16:36:44 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3594#comment-1614 I share your pessimism about the economy. I see no industry that will emerge to lead us out of the current mess and it seems to me that there is almost a coordinated effort by some media to ignore the truth about the shoes still in the air.I follow several financial web sites, CNBC, various podcasts, trying to keep up with everything. At present, I am reading Chaos Scenario–about the disappearance of traditional media. On-line media takes enormous revenue from traditional media–like Craigslist gutting the newspaper classified advertising of billions and billions of revenue–while generating practically no revenue of its own. Not only is there no “saviour” industry, certainly the impact of the deterioration in a means to effectively market products just adds to the “perfect storm” for all corporate entities reagardless of what they have to sell.

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By: Casper Lab http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/comment-page-1/#comment-1547 Mon, 14 Sep 2009 06:48:00 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3594#comment-1547 Good one Rolfe !The Universe has no ‘central part’ mam, that’s the good part of it, the rest is pretty violent.

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By: Rolfe Winkler http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/comment-page-1/#comment-1535 Sun, 13 Sep 2009 03:43:23 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3594#comment-1535 Interesting C Thrall….I admit, I was relying on a New York Times article:http://www.nytimes.com/2009/04/2 2/business/22flint.htmlYou’re saying none of that happened?

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By: Paullette http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/comment-page-1/#comment-1532 Sun, 13 Sep 2009 01:24:27 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3594#comment-1532 Good observations ! How about Congress kicks in and doesn’t give itself a raise! Better yet, donate pork to social security. Even better yet; vote out the current Congress so citizens can stop working for them and vote in a new batch that is controlled by it’s constituency! All bonuses of bailout-non-performers should be donated to charity –like the national debit. Most of us who are surviving this recession are doing so in-spite of the government’s reactionary railroading of the economy into record deficits. This Animal Farm psychology needs to include the guys in the big house.

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By: Lisa http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/comment-page-1/#comment-1531 Sun, 13 Sep 2009 00:59:50 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3594#comment-1531 I agree, Aaron.There’s really not that much to be cheery about; short term affordable ‘benefits’ will be offset by short term ‘needs’–food, gas/transportation, water, energy costs, perishables that are not made in this country (which is most of them). All those things will more than make up for any ‘gains’ eventually.My next door neighbor is from Argentina. Her parents, a fairly well-to-do family, lost pretty much everything in 2001. Now she’s having problems with her own mortgage. She said that she could move there and it would be cheap to buy a house, but there’s nothing to do there because there’s so much unemployment. Sure, people opened little shops simply because they couldn’t find employment but they just hobble along.Even though pundits like Peter Schiff and others believe that there will be a revival of manufacturing in this country, the realities in other places seem to state otherwise. Is Argentina experiencing a manufacturing boom? Zimbabwe?I think we’re entering a long and far reaching arc of a downturn that’s due to last at least 15 years, most likely 20. Next year, a great swell of the baby boomers will start collecting Social Security necessitating more funds or more cuts or both. We won’t have that money to borrow from much longer. And, now, like Madoff, there will be hands out to collect.I”m a forensic loan auditor and I review loans all day. I can see the great tsunami yet to come–and, even those lucky to get a modification–we’re just seeing great pain pushed into the future when those five year modifications start ramping upward.My advice: Get out of debt anyway you can. You’ll be considered one of the lucky ones if you do and the future won’t be as harsh.

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By: c thrall http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/comment-page-1/#comment-1529 Sat, 12 Sep 2009 16:36:57 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3594#comment-1529 Shrinkage in Flint was all talk no action at all

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By: c thrall http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/comment-page-1/#comment-1528 Sat, 12 Sep 2009 16:33:43 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3594#comment-1528 I live in Flint Michigan and there has been noshrinkage as of yet your article is 100% wrong wherewe are concerned.

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By: sasha http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/comment-page-1/#comment-1527 Sat, 12 Sep 2009 14:36:44 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3594#comment-1527 Dear Sir or Madam:If you look around, you will find that the human world today is extremely terrible, full of vicious persons. The human race, as a whole, is deteriorating, and there are devils everywhere. Bad people fall off in the universe, dropping into the central part of it, which is the Earth. Consequently, the Earth serves as the rubbish heap of the universe. In the eyes of beings in very high realms, the humankind is like rubbish. The human race, while developing to the present stage, has become distorted and is full of evils. Hence, the gods have completely lost confidence in mankind. This is one of the major reasons why the gods do not care about human beings any more.Human society today is indeed full of all the ten sins. If man continues to decline, he will face elimination, a thorough elimination.Please tell everyone around you that the present time is near the point of extinction for the human race. All devils will emerge this time, according to my master——Lihong Zhi.Right now master Li is the only person in the world publicly spreading the orthodox law——FaLun Dafa. He has done something that’s never been done by anyone before. What he s teaching is an enormous truth about the universe. He has countless law-bodies. His law-bodies are so numerous that they are beyond calculation. Therefore, he can look after as many people as he want, maybe the entire human race.I’m a falung gonger and my purpose of writing this email is to warn you that you’d better practice FaLun Dafa as soon as possible, only by this way, you could avoid the elimination by God. Master Li bless you !Waiting for your kindly reply.Yours sincerelySasha

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By: krishnamurthi ramachandran http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/comment-page-1/#comment-1525 Sat, 12 Sep 2009 10:44:31 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3594#comment-1525 Dear Writer,Good and a lot of wit and humor.Yes.now, the word recession is slowly going to dictionary!s shelf.Those who have permanent jobs ,and entire family members on work only can buy houses in America.Whereas,other costs are going up day by day.Plastic money had taught many real lessons to Americans and to Disposal income segments.We should forget to hold cash for rainy days.Money what Money does.Without any ready cash,we may not able to do any rational buying,spending and investments in proper channels.Always,basic economic theories holds good.I have read from Indian Leading English daily!s writers words are still in my mind.In India,economists,and government agencies says, prices are reachable to common man.That writer had literally told like-broom stick cost about one dollar,that is,India!s traditional floor cleaner.That is not a affordable price to many low income groups.Positive thinking will lead us to positive living.Let us hope for the best.Yes

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By: al coholic http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/comment-page-1/#comment-1524 Sat, 12 Sep 2009 09:34:53 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3594#comment-1524 Duke Energy has requested and will likely be granted a 9.3% increase here in South Carolina. Gas is over $2.25 per gallon. Local, state and federal taxes will soon be on the rise to pay for all the looming deficits we now face. Retail food prices and other daily living expenses have not gotten any cheaper from what I’ve seen.Now that companies have trimmed all those jobs to keep their balance sheets looking better for stockholders who is going to have any money to reenergize the economy?As for me, like many, I certainly am not taking on any more debt and I think it will be a long time until I spend a nickel I absolutely don’t need to.Doesn’t sound like the recovery is just around the corner to me. And as for deflation, be careful what you wish for, lest it happen.

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By: John Bailo http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/comment-page-1/#comment-1517 Fri, 11 Sep 2009 22:09:00 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3594#comment-1517 What’s all this “we” stuff?Some things are inflating, some deflating.Wages will rise, cost of living will shrink.Workers benefit, layabouts will have to pay for the privileges.

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By: Bill Seiple http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/comment-page-1/#comment-1516 Fri, 11 Sep 2009 22:00:04 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3594#comment-1516 Thank you for a positive reflection….However, there still needs to be more accountability analysis, including legal implications; otherwise, Congress will continue to fall on its nose….

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By: michandre http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/comment-page-1/#comment-1513 Fri, 11 Sep 2009 21:38:35 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3594#comment-1513 True, people may been feeling “less pressure to max-out their credit cards” to keep up with the Joneses, but they may very well still feel tempted to rely on credit to carry their households and even some basic costs while they await new employment or otherwise recover.

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By: Rolfe Winkler http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/comment-page-1/#comment-1507 Fri, 11 Sep 2009 19:25:48 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3594#comment-1507 We don’t disagree Aaron! It will take a lot more of the good to offset all of the bad from the last year…

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By: Aaron Krowne http://blogs.reuters.com/rolfe-winkler/2009/09/11/a-year-after-lehman-the-good-news/comment-page-1/#comment-1506 Fri, 11 Sep 2009 18:22:37 +0000 http://blogs.reuters.com/rolfe-winkler/?p=3594#comment-1506 Bah, humbug! ;)First, I am not a big subscriber to the “we’re getting deflation” argument. Yes obviously houses are down, and rents are weak. But the modest gains in those areas are offset by service costs that continue to rise, taxes, and most areas of basic necessities costs.Besides, once the dollar gets the full brunt of consequences of the stimulus spending, bailout commitments made by the Federal government, and entitlements, it will take it on the nose. And our imports (which is most what of we consume) will get much more expensive.Lehman and Bear were certainly justified implosions, but represent a bitter-sweet victory for society as a whole, since nearly identical competitors were arbitrary let stand. And Wachovia, Merrill and WaMu seem to have learned nothing. A few executives are certainly upset with losing control of their franchises, but what really has changed? Their toxic balance sheets have simply been folded into larger ones. Banking has become more concentrated. Inflated revenues have become a justification of inflated share prices. And the piper has virtually not been paid at all.And it is far from certain the government will be able to significantly scale back its bailout programs, including quantitative easing. Actually doing so threatens to spark a renewal of the crisis, as defaults will continue to mount, and fundamentals have not been repaired.And Madoff? Well, he’s dying of cancer. We’ll be lucky if he serves one year of penance.

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