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Politics : Foreign Affairs Discussion Group

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To: maceng2 who wrote (43038)	9/10/2002 8:14:41 PM
From: maceng2	Read Replies (3) of 281500

I just love reading stuff like this... ananova.com Glad to hear the UK was doing so well. I missed it somehow? There is an "overhang" in the semis and telecoms biz?? Really, sounds as if it's short term....just an "overhang" an all that. Hope to see Nortel in Devon UK rehiring soon. news.bbc.co.uk Referring to previous message... So there was just a slight hiccup in 1929 and an untimely death in 1928 stopped the whole of the USA economy in it's tracks. I wonder how many farmers had to "keep up with the Jones" in buying new technology just to stay in business while tractors replaced horses (for example). When things turned down bad they were treated with understanding of course NOT. People in any kind of debt were treated like vermin. Right now (2002 folks) there is a constant 24 hrs a day advertising on TV for loans. loans. loans. loans. loans. loans. loans. loans. loans. Every channel non stop. I keep my budget in check. When I get inundated with visa card applications I send them back filled up with the paperwork unsigned, along with nuts, bolts, and any rubbish to increase the postage charged by return post. The Royal Mail needs the business. They are bankcrupt. So our banking and economic system is working? Excuse me it is not. It's shows all the evidence of falling apart. So we have 30% increase in property values just this year in the UK. Everyone pays rent or a mortgage. Those costs will get moved into the general economy one way or another. Its called inflation by any other name. Deflation? That will only occur if it hurts the majority of the population too imho. i.e when nobody can afford squat. Well done Milton Friedman on your work. I don't think you would have been awarded any Noble prize in economics unless the present economic authorities would have been pleased with your conclusions. I also mean I'm also impressed with your work too. I expect you (MF) are right about the diminishing return for investment on any attempt at full employment, and thankyou for appreciating Keynes in his work for pulling duff economies like the 20's UK out of the crapper. The quasi "Kensians" were not Keynes. Don't worry about me folks. I'm OK jack. Just don't tell me that our financial system is OK without expecting a reply or two. (Paul O'Neill) He dismissed concerns that the strength in housing and auto spending to date could bode ill for the economy going forward, as there may be little scope for further expansion in these areas. "It's just a garbage concept to me," he said. Paul O'Neil is a clueless idiot. If he says "garbage concept", I have a right to say "A clueless idiot numbskull of the first order" imho. That twat should read some history. Opps, sorry, I must go and watch TV for any important updates with respect to the prospects of war with Iraq... amongst the adverts for loans of course -lol-

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