Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Bobby Yellin who wrote (43342)	10/19/1999 8:51:00 AM
From: Probart	Respond to of 116762

CPI rose 0.4% in September with the core rising 0.3%. An expected surge in tobacco prices added a tenth to both total and core -- so the core ex-tobacco was up a modest 0.2%. This is in line with market expectations and a relief to the markets. A 3.2% decline in Housing Starts.

To: Bobby Yellin who wrote (43342)	10/19/1999 9:12:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 116762

Bobby, I understand what you're stating and agree with it. My point was that while the world is alledging the US is engaged in economic excess, it is the EUROPEAN and ASIAN economies who are really more to blame for this instability. One other point here... we have heard so much outcry from the Europeans and Japanese in that they claim the US economy is a bubble that doesn't reflect reasonable expectations. Yet, EITHER ONE OF THEM would trade places with us. In fact, Japan "enjoyed" its bubble where the value of all Tokyo real estate once equated to the entire real estate value of the ENTIRE UNITED STATES!!! I sure didn't see the Japanese exerting a whole lot of self-restraint then, and we certainly didn't see them running their financial systems in a transparent and credible manner. As for Europe, with the growing exception of the UK, much of their economy is heavily centralized and lacking of a robust entrepreneurial class. They are an economic monolith which has great difficulty dealing with rapid change and seizing opportunities. Call it corporate aristocracy or what have you, but were they able to compete with the US, THEY WOULDN'T CURRENTLY HAVE AN UNEMPLOYMENT RATE OF 10%)(with those unemployed enjoying considerable unemployment benefits of up to 90% previous wages. Europe is sick politically, economically, and socially. They know it yet spend considerable time worrying about the US instead of how they can restructure their economy in order to increase productivity and compete with us. The US markets and economy are performing so well because we Americans constantly embrace change (well most of us..:0) and technology and use it to our advantage. We make the most efficient use of global capital and provide the best returns... That's why our markets are so high and assets at such a premium. And it isn't going to change until Japan and Europe quit b*tching and moaning and take the necessary steps required to compete with us. And personally, I'm not sure if either economy possesses the necessary social structure that creates the incentives for them to progress to being the top economy. In sum: Capital goes where it receives the greatest return for the greatest safety. And that ain't Asia or Europe at this moment. Btw, I'm not trying to be ethno-centric here. If the US screwed up and lagged either of the other two major economies, I would probably be looking to invest there. Regards, Ron