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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: John F Beule who wrote (125472)	9/25/2001 2:16:34 PM
From: Knighty Tin	Read Replies (1) \| Respond to of 436258

John, Give it to me. I'll spend that sucker in no time. <g>

To: John F Beule who wrote (125472)	9/25/2001 5:34:47 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 436258

Hi John, Re: $100 Billion Stimulus Package At some risk of appearing to be an old fashioned Keynesian, I'd say that we may be facing a "liquidity trap" with the FRB's further pushing down of interest rates to be akin to George Burn's comment about sex at 90: "It's like playing billiards with a hose." The recent experience of Japan, with real interest rates at zero and no significant break to the recessionary pressure there, ought to give the U.S. pause. I will take the other side of debate from you regarding the validity of a fiscal stimulus package emanating from the federal government. After decades of benign neglect, repairs and improvements to infrastructure including transportation, water supply, sewerage, public health, as well as military investments could all go a long way to replace the obvious deficiency in business investment and the apparent contraction in the consumer sector. Unlike you, I don't see "the economy" to be capable of making the important strategic decisions that will be necessary for our nation to maintain its strengths. I do have to express a bit of concern that it appears to be an economic necessity to re-open National Airport in Washington open so that convention business can bring dollars into the local economy, and sustain the hospitality industry. I find it both ironic and somehow gratifying that filling hotels with conventioneers is one of the best things we can do to right the economy. This must be completely bizarre and ironic to the Al-Queda partisans holed up in their labyrinth of caves in the hinterlands of Afghanistan. Best, Ray