Victor: <Yup, GST, we ought to all follow Japan's example! LOL !> If you disagree with me again I am going to find two people to agree with me (or pretend to) and then throw you out of here! Oh, wait a minute -- I thought I was somebody else.
Victor, I don't want to be Japanese, live in Japan or live in a Japanese-style economy. I simply point out that they have socked away a fortune in funds (ten trillion dollars) that are obligations of others to them - like our borrowing an additional billion a day from them, every day of the year, so we can do better things like buy suv's, oil and of course more "new economy" stocks so we can be rich. When the stocks crash we, as a people, are left with all manner of debt on our suv's and credit cards etc., and we still owe all the money they lent to us -- perhaps they are not that smart, but maybe we are not so smart either. Do you know the US even has a trade deficit in high technology??
Victor, there are times when getting 7% interest on short-term deposits sounds really, really good. Like in a bear market for stocks. |
