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Non-Tech : Deflation -- Ignore unavailable to you. Want to Upgrade?

To: JF Quinnelly who wrote (92)	5/10/2002 6:00:59 AM
From: Maurice Winn	Respond to of 621

<Do you remember Claire Sterling, author of.... I believe it was "The Terror Network"? I used to have her book around here somewhere. She was an excellent researcher, did a lot of writing in the 80's on various terrorist organizations operating around the world.> No, [belatedly]. I guess birds of a feather flock together. Meanwhile, we don't hear much worry about deflationary collapse anywhere. Mq

To: JF Quinnelly who wrote (92)	7/26/2002 6:16:04 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 621

Well, the IRA have seen the evil of their ways and are pretending to be sorry. Or, more likely, they have realized that they are remarkably similar to Osama's crew and most of us hope they blow themselves up or are killed by anti-terrorist forces. The more innocent should spend the rest of their lives atoning for their participation in the Matrix of Malevolence [more extensive than the Axis of Evil] or perhaps do the decent thing with their swords. Meanwhile, are we now entering the realm of deflation? Gold, shares, Hang Seng, Nikkei, all taking a dive together versus US$. There have been two years of market clearing, so I'm hoping the risks are much less than if it had all gone with a whoosh. Mqurice

To: JF Quinnelly who wrote (92)	9/5/2002 7:00:21 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 621

Hey! jfred, I just noticed you haven't posted since 1 May. What gives? Meanwhile, Big Boss of Deutsche Bank getting the creeps. Goes to visit them out in China and comes back ranting about deflation, depression, unemployment and stuff. upi.com <FRANKFURT, Germany, Sept. 4 (UPI) -- One of Germany's top economists is warning the country's leading bankers that Europe, and the rest of the world, are in dire danger of following Japan into a deflationary depression -- far more serious and prolonged than a conventional recession. "The people running the world's central banks and those responsible for economic policy should take the signs much more seriously," argues Norbert Walter, chief economist for Deutsche Bank, Germany's largest, in a paper made available exclusively to United Press International. Walter, sunk in gloom after returning from a research trip to Asia, is circulating the paper in a bid to influence the world's financial leaders at the autumn meeting of the International Monetary Fund and World Bank in Washington at the end of the month. Speaking in his Frankfurt office as the New York and European markets followed the plunge of the Tokyo stock market Tuesday, Walter warned, "If we don't get this right, we face a second leg of recession, a double-dip, combining with deflation." The world last experienced deflation on a serious scale during the Great Depression of the 1930s. It is a condition when prices start falling, investors stop investing and companies and individuals still committed to paying off old loans go bankrupt because lower prices and lower wages give them no money to repay. "Look at the facts," Walter said. "Japan has watched deflation over the past three years. Consumers and entrepreneurs in all areas are postponing purchase decisions. The other Asian giant, China (including Hong Kong), is also experiencing a decline in the price level. "In the U.S., consumer price inflation is running at just barely 1 percent. As studies like the Boskin report have shown, the method of price measurement overestimates the actual price level by about one-half to a full percentage point. This means the price level in the U.S. is practically stable, and the augurs now speak of a double-dip, a second drop in economic activity."... contd... > Mqurice

To: JF Quinnelly who wrote (92)	9/9/2002 10:23:24 AM
From: AC Flyer	Read Replies (2) \| Respond to of 621

Hi JF Q: I can tell you from personal experience that this is right on. The IRA are (were?) an unsavory collection of opportunistic criminals and sociopaths. Some had personal grievances caused by the "troubles", others did not. The US press somehow never gave much attention to the fact that, before the dollars started flowing across the Atlantic to the IRA "freedom fighters" that the IRA was at least as proficient at robbing banks in the Republic of Ireland as it was at planting bombs. After the dollars started to flow, these guys discovered they were riding the gravy train. Then it was economics 101 in action - you subsidize something (in this case terrorism/freedom fighting, take your pick) you get more of it.