Fun Loving Clowns - Laughing All The Way To The Bank Message Board

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Pastimes : Fun Loving Clowns - Laughing All The Way To The Bank

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To: Mike McFarland who wrote (4)	6/26/2000 8:22:00 PM
From: Eashoa' M'sheekha	Read Replies (1) of 28

Good Post Mike. What I meant by " slamming ",was being abusive and/or slanderous to these people.Nothing wrong with constructive criticism though .See my post to DAN for what I hope we can have here. You know,I've wondered about the same thing regarding these concepts of too much growth.It wasn't all that long ago that people were freaking out about free trade and more recently the WTO that would undermine the American workers. We now see an abundance of jobs and productivity with falling crime rates and more social responsibility that go with that environment .This somehow is not a good thing, or is it too much of a good thing ? I compare Chairman Greenspan and the FED to those guys who used to be on Ed Sullivan (sp) years ago spinning plates on sticks.As long as they didn't have too many plates spinning, they would do ok.If they tried to juggle too many, they would begin to crash in little pieces on the stage.Let's hope they haven't forgotten how many plates they have spinning and have them all come tumbling down this week. Regarding savings...I'm not one who can answer that well, as I am a Canadian and don't want to appear telling what others should do.However!<g>I know the Canadians have been going this route more in the last decade too. We used to be very conservative and pay down our mortgages etc. before spending on luxury items and travel etc.Not now.People are living well beyond their means much more and looser with their spending.I think we are turning American .Consumerism is alive and well in North America.-G- Your trade deficit will come back to haunt you one of these days if things remain the same.But this will only happen when confidence in America's ability to maintain it's dominant hegemony position begins to falter.The only way I see this happening is from direct competition from the European Union and the EURO currency.This appears to be some way off at the moment. Japan is a no-show so far in the last decade and Asia has a long up-ward battle from it's last flight into the abyss .The only thing that's threatening America right now is the Oil scenario .This will find a way of resolving itself over the next few months I believe. I'm certainly no economist either,and I agree with you.Four percent is not three percent but it's not five percent either.Drawing a defined line in the sand on a dynamic economy may be adding one too many plates! <g> Any thoughts on the NASDAQ for this week? Regards KC

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