Janice,
I can appreciate your thoughts on strict inspection of every word Uncle Alan says in public......but Fed watchers have been around..its just that now we have a major technological expansion in terms of communication from the net, to CNBC, explosion of talk radio, cable network, .....the scrutiny has been magnified not only in terms of speed, but also in terms of globalization. So yes, I can sympathize with your concern.......by the same token, folks like you and I should be smart investors and filter in and out those signals which count...this is good.
As for the G7..I agree reducing social welfare programs, and private sector entitlements won't happen until people "feel" that such "costs" are actually costing them jobs and security...then, similar to what happened in Britain during the winter of 1979, their will be a frost over Europe. I'm not saying that monetarism is the answer, but it is part of the framework within which fiscal changes will ultimately take place. Investment needs to roll into Europe in way that releases economies from their dependence on government sector employment effects. Private sector growth is essential. Will ECU help? Perhaps. Look at Ireland, quite a success story in only 10 years. Look at Greece, quite a disaster in terms of National Theft...Greeks have stolen so much from EU that one wonders. At any rate, I'm a firm believer in European integration..removing trade barriers, whilst still allowing national governments enough autonomy to implement laws and change. I am impressed with Madrid Agreement on Trade Marks..this is a great first step in promoting corporate protection across borders.
I'm sorry for rambling....
Thanks for your reply.
Fundace |
