>>Btw, he did listen rather intently when I described the fact that every year we have a surplus, the US national debt increases. This is due to the fact that SSTF surpluses have to be parked in government debt, namely US T-Bills.<<
this sounds like the mechanics of a shell game. first off, it doesn't make sense to me how extra money causes more debt. does this make sense to you?
>>that means the politicians are spending it and increasing national debt in the process.<<
ron, spent surplus ain't surplus. i could argue, using that "logic" that all tax payments are surplus, the govt just decided to spend it. silly. more shell game.
i'll infer from what you said that increased business productivity does not mean increased economic productivity. think about this for a moment. it is an important point.
>>Possibly, but it certainly doesn't account for MU's problems, does it? The credit bubble had nothing to do with the inability of the marketplace to absorb large quantities of cheap high density DRAMS made possibly by exponential advanced in technology.<<
au contrare. micron has asserted, and rightfully so, imho, that the korean and japanese govts provided excessive credit to their respective dram mfrs, thus guaranteeing a glut in dram. take a look at some of the big players' balance sheets. their debt is STAGGERING!
the us doesn't have a lock of credit bubbles. some asian countries led the way. look where it took them. |
