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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (320166)	1/11/2007 8:05:34 PM
From: tejek	Read Replies (1) of 1585970

The above says very little. What do you mean? Public, private, and corporate debt does not far exceed any previously known dimensions if you are measuring it as a percentage of the economy. If you measure it in nominal dollars then yes it does greatly exceed any previously recorded levels, but that isn't a very meaningful measure. Not true: zfacts.com Re: "Germans are much more fiscally conservative than Americans." What does that have to do with - "but "They're going into the 21st century like a poverty-stricken, Third World family, living from hand to mouth without any financial reserves whatsoever." isn't correct." From there perspective, we do look third world. Remember, Germans were the ones who required that there be a cap on debt for all new entries into the EU. I think it was 3-5% of a nation's GDP. You might as well have just answered "purple". That answer would be about as relevant. Maybe to you but not to me.

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