Deflation Message Board - Msg: 16697831

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Non-Tech : Deflation

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To: JF Quinnelly who wrote (80)	11/24/2001 6:22:15 AM
From: Maurice Winn	Read Replies (4) of 621

12 years since the last peak in house prices jfred! That doesn't sound like hyperinflation. Houses are like hamburgers = a reasonable combination of economic components. Deflation in the dot.coms and telecosmic stocks is fair enough. The Dow is still burbling along at a constant level, heading for 3 years of stability. No deflation in sight [thanks to Uncle Al's printing machine]. The public comments by Osama and co show they really are detached from reality about what the USA is and what it might do. It's not just the USA either. I am angry too and so are a lot of people. Do you think Americans will hunt down IRA terrorists and their friends and friends of friends? I expect the USA anti-terrorist obsession will only run to terrorists who harm Americans. I can name friends of supporters of the IRA if you like. Right here in SI!! Don't forget French terrorism [Rainbow Warrior] and I actually suspect that that was a three way deal between Britain, France and the USA to show NZ what they could expect with their anti-nuke position. People are reported to be getting major retail therapy in the USA to recuperate from the WTC and anthrax attacks. I want to see a Prozac sales graph over the past 6 months in the USA. I bet it's down. Which to me will prove that the modern world is, as Ted Kaczynski says, increasingly unsuitable for large human primates and when the world reverts to their more natural norms [like survival and killing - plenty to occupy the mind without angst about the meaning of life], things seem more 'normal'. People feel better. That's my theory anyway. An interesting article here about the exponential approach to a singularity in human affairs and technology development, including the stockmarket. Very large item so you'll need bandwidth to download happily. kurzweilai.net Mqurice

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