Juan Enriquez - Debt Crisis and the Future - DFWstangs Forums
 
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post #1 of 7 (permalink) Old 10-31-2008, 01:01 PM Thread Starter
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Juan Enriquez - Debt Crisis and the Future

Hopefully you have 30 minutes in your day at some point to listen to this.


Juan Enriquez (2008) Pop!Tech Pop!Cast from PopTech on Vimeo.

Juan was the founding director of the Life Sciences Project at Harvard. He is probably the foremost authority on economic and political impacts on life sciences.

Smart man.

My 401K is now a 400K (was 301K)
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post #2 of 7 (permalink) Old 10-31-2008, 01:12 PM
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So now debt is important after all ?
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post #3 of 7 (permalink) Old 10-31-2008, 01:15 PM Thread Starter
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Quote:
Originally Posted by bullet
So now debt is important after all ?
I didn't say I agree with him, I said he was smart and offers a point of view. I didn't say I agreed with his point of view but I do enjoy hearing other points of view... when they are intelligently presented.

My 401K is now a 400K (was 301K)
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post #4 of 7 (permalink) Old 10-31-2008, 01:45 PM
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Very interesting. I don't see a whole lot wrong with some of his commandments but the country as a whole will never buy into this theory. It's to centered around being the victim etc and well the government has screwed me or is helping me and I don't want to give up these entitlements.
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post #5 of 7 (permalink) Old 10-31-2008, 01:56 PM
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hopefully things will change but i really dont think obama is the man to do it.

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post #6 of 7 (permalink) Old 10-31-2008, 03:36 PM
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Get ready for the wave of debt next year.

Quote:
``The budget deficit for fiscal year 2009 might reach $1 trillion if Congress passes another stimulus package this winter,'' said Lou Crandall, chief economist of Wrightson ICAP, in a research note. ``And that's just the beginning of the bad news -- financing needs arising from off-budget items might be nearly as large as the on-budget deficit.''

Crandall estimates 2009's total borrowing needs at $1.95 trillion. He says Treasury could raise this money with an ``aggressive but sustainable'' increase in regular borrowing, accompanied by one-time auctions as needed.
http://www.bloomberg.com/apps/news?p...b3Y&refer=home
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post #7 of 7 (permalink) Old 11-03-2008, 05:31 PM
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Quote:
... Hoisington notes is that total US debts – private and government – has risen to a 92-year record 356.7 percent of gross domestic product, the total output of goods and services in the US.
http://www.csmonitor.com/2008/1103/p15s01-wmgn.html

Woah! That is a whole lot of debt. I am sure this crisis will be over by Christmas.
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