On 03/12/2011 7:01 AM, Haywood Jablomie wrote:
On 2-Dec-2011, wrote:

Buyout firms don't buy debt, they buy assets. Debt is liquidated.
That's
the advantage of buying bankrupt companies. SUCESFUL companies left the
U.S. long ago unless the cost of freight offsets the many other
advantages
such as costs, your predatory government, and your relentlessly begging
population.

And each day DC fleabaggerism goes on, the worse it gets. I figure USA
is now well past an easy recovery. Too much real wealth is gone and the
problem causes of government-banks is still underway digging a deeper
hole.

To recover, there has to something to be recovered. Your core economic base
is gone. Productive output is not an option for 4 to 5 generations. What
you need to do is adapt to a very uncomfortable living standard.

Agreed. And that is why this economic downturn is going to be 2
decades. Just like Russia and others have done. I don't think it takes
4-5 generations. Perhaps 1 or 2. But certainly a lot longer than a
year or three.

Not really worried about me, I just have to pace inflation and I will
not run out of cash flow until I am well over 100 and not likely to live
that long. That is conservative too, as 2/3rd is tax paid and does not
include pensions.

Nope, the people really getting screwed are the mid-lifers and those
loosing jobs they cannot replace and lost them to economic screw ups by
their own government. Then they lose the house, the marriage...and
almost impossible to recover from that. A major life setback.

And my grand kids are also the ones really going to be screwed.

--
All successful people have one thing in common, if even for a moment
they think rationally.