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Politics : Dutch Central Bank Sale Announcement Imminent?

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To: Gary H who wrote (18126)4/30/2003 11:10:25 AM
From: Ahda  Read Replies (1) of 81205
 
I don't think so Gary as the cost of a war is depleting to the budget. It is a very temporary fix. The rebuilding of Iraq offers little to the average American other than more free flowing oil and a few select finance candidates. Our investment community is not investing in the US so if one looks at this as an opportunity ot invest it is limited. The largest amount of stimulus for the economy comes from new products and that is tech where oil is a bolts and nuts business. Surface wise it appears their is very little benefit for the US job market.

As Searle has mentioned Russia and other nations are not too happy about the situation. There is a problem that arises with war where more funds must be allocated to each nations own self defense and that is one catchy disease far more deadly to the future than SARS. War is too strong a moral belief that borders on immoral.

We are seeing wage and benefit inflation here of 1.3% for the first quarter. Employment figures seem to be steady but these figures are not the best to look at as when one stops drawing unemployment checks they are not counted as unemployed.

Commercial real estate is flat at best while housing is still rip roaring along. Food prices are starting to go up so we have an ideal inflation situation but the commercial end of development is not keeping up with the homeowner end.

I think in Oct this year we will start to see that all is not rosey as we wished it could be. I am anticipating about that time unemployment figures will start to rise. Wage increases do aid off shore labor.
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