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	<title>
	Comments on: No Shit Sherlock!	</title>
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	<link>https://norunnyeggs.com/2011/06/no-shit-sherlock-2/</link>
	<description>The repository of one hard-boiled egg from the south suburbs of Milwaukee, Wisconsin (and the occassional guest-blogger).  The ramblings within may or may not offend, shock and awe you, but they are what I (or my guest-bloggers) think.</description>
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		<title>
		By: dad29		</title>
		<link>https://norunnyeggs.com/2011/06/no-shit-sherlock-2/comment-page-1/#comment-39607</link>

		<dc:creator><![CDATA[dad29]]></dc:creator>
		<pubDate>Sat, 02 Jul 2011 15:00:52 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=10976#comment-39607</guid>

					<description><![CDATA[Gee.

It NEVER occurs to anyone that doing nothing--that is, NOT passing ObozoCare, TARP, &quot;Stimulus&quot;, etc., is perhaps the best route?

There are some things the pols cannot do.  Changing the climate is one.  &quot;Fixing&quot; the bank-capital deficiency is another.  Making people buy stuff is the third.]]></description>
			<content:encoded><![CDATA[<p>Gee.</p>
<p>It NEVER occurs to anyone that doing nothing&#8211;that is, NOT passing ObozoCare, TARP, &#8220;Stimulus&#8221;, etc., is perhaps the best route?</p>
<p>There are some things the pols cannot do.  Changing the climate is one.  &#8220;Fixing&#8221; the bank-capital deficiency is another.  Making people buy stuff is the third.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: J. Strupp		</title>
		<link>https://norunnyeggs.com/2011/06/no-shit-sherlock-2/comment-page-1/#comment-39578</link>

		<dc:creator><![CDATA[J. Strupp]]></dc:creator>
		<pubDate>Fri, 01 Jul 2011 19:09:11 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=10976#comment-39578</guid>

					<description><![CDATA[Which were basically zero.

Fair enough.]]></description>
			<content:encoded><![CDATA[<p>Which were basically zero.</p>
<p>Fair enough.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: Shoebox		</title>
		<link>https://norunnyeggs.com/2011/06/no-shit-sherlock-2/comment-page-1/#comment-39577</link>

		<dc:creator><![CDATA[Shoebox]]></dc:creator>
		<pubDate>Fri, 01 Jul 2011 12:20:06 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=10976#comment-39577</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://norunnyeggs.com/2011/06/no-shit-sherlock-2/comment-page-1/#comment-39575&quot;&gt;J. Strupp&lt;/a&gt;.

&quot;Actually, consumer spending has remained rather strong considering the poor labor market. And the personal savings rate is still way below historical average.&quot;

Personal savings rates are low compared to long term historical.  However, we haven&#039;t seen even 5% savings since the mid 90&#039;s.  The last couple of years have been a significant rebound from recent historical levels.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://norunnyeggs.com/2011/06/no-shit-sherlock-2/comment-page-1/#comment-39575">J. Strupp</a>.</p>
<p>&#8220;Actually, consumer spending has remained rather strong considering the poor labor market. And the personal savings rate is still way below historical average.&#8221;</p>
<p>Personal savings rates are low compared to long term historical.  However, we haven&#8217;t seen even 5% savings since the mid 90&#8217;s.  The last couple of years have been a significant rebound from recent historical levels.</p>
]]></content:encoded>
		
			</item>
		<item>
		<title>
		By: J. Strupp		</title>
		<link>https://norunnyeggs.com/2011/06/no-shit-sherlock-2/comment-page-1/#comment-39575</link>

		<dc:creator><![CDATA[J. Strupp]]></dc:creator>
		<pubDate>Fri, 01 Jul 2011 05:07:03 +0000</pubDate>
		<guid isPermaLink="false">https://norunnyeggs.com/?p=10976#comment-39575</guid>

					<description><![CDATA[QE2&#039;s only success seems to be that it did manage to bump CPI a bit higher toward the Fed&#039;s target rate of 2%.  None of this really matters now anyhow since fiscal and monetary stimulus have concluded and we&#039;ve apparently moved on to imploding the economy this time via austerity. 

side note:

&quot;...consumers have acted rationally and decided to save and pay down debt rather than buy new stuff with the bucks that Uncle Ben has been air dropping into the economy.&quot;

Actually, consumer spending has remained rather strong considering the poor labor market.  And the personal savings rate is still way below historical average.]]></description>
			<content:encoded><![CDATA[<p>QE2&#8217;s only success seems to be that it did manage to bump CPI a bit higher toward the Fed&#8217;s target rate of 2%.  None of this really matters now anyhow since fiscal and monetary stimulus have concluded and we&#8217;ve apparently moved on to imploding the economy this time via austerity. </p>
<p>side note:</p>
<p>&#8220;&#8230;consumers have acted rationally and decided to save and pay down debt rather than buy new stuff with the bucks that Uncle Ben has been air dropping into the economy.&#8221;</p>
<p>Actually, consumer spending has remained rather strong considering the poor labor market.  And the personal savings rate is still way below historical average.</p>
]]></content:encoded>
		
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