well, first off, i say... nobody runs a country making hamburgers, except maybe the swiss, and they shot their wad over the last two year fiasco in addition to their carry loans to the eastern block. aside from ciby geigy and ski slopes in st. moritz and now banning moslem steeples in a country full of steeples.. plus their debt to gdp ratio, the swiss, perhaps for the first time since the union of helvetia, are in deep fricken chocolate.
i think the services number is an absolute joke, and the more the bls highlights it, the worse things are. its non productive. it is an "industry" that paper shuffles, and nothing more. its a joke.
currency destruction is a world wide endeavor. gold made record highs now in EVERY G7 currency. i need not say more.
only a few "guyz" actually get all that, even fat assed 100 million guyz managing a billion.
fuck them.
that's my short answer.
austrian economics wins, bullshit keynsian loses, and as it should be, given what a plagerist the lord was to begin with.
you're good dude. your ensconced in a resource rich country, that should it ever quit copying the shit done here, would avoid a whole lot of trubbles. get rid of the GS guy at your central bank, would be a good start. and elect a truely canadian government. then, quit sending your citizens off to concentration camps because some asshole from the usa says so.
J |