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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?


To: Hawkmoon who wrote (14885)12/27/2001 7:40:14 PM
From: 49thMIMOMander  Respond to of 281500
 
Yes, you are correct <The US has FAR MORE latitude with regard to economic policy
than do other major economies, saddled with their massive entitlement programs and unfunded liabilities>

Sad that education and healthcare should be seen as entitlements and unfunded liabilites, not just
as smart investments.

(Un)luckily the competition in that unfunded league is pretty tough.

It looks like some 2-3 billion people have entered that global game and competition recently
and during the last 10 years,
WTO enlarged the playing field only some weeks ago after some 13 years of hesitation.
(most obviously do not have 2-party systems<gr>, not even China on the local level)

Ilmarinen

Please, if possible, send me a PM next time the US congress debates sugar producer subsidies,
I try to follow that although I do not plan to invest in Cuba, yet. (tourism might be great though,
might beat trump hotels and even indian gambling, to hedge that Disney thing in Florida)

And it is funny that education and healthcare are fairly dependent on the local cost structures,
not on global ones (assuming teachers, professors and nurses, doctors eat the same rice their
customers eat)



To: Hawkmoon who wrote (14885)12/27/2001 8:25:10 PM
From: maceng2  Respond to of 281500
 
FOREX? what's that -ggg-

OK I found a site
global-view.com

Actually I'm interested in all sorts of analysis. I don't have any religion on that point. One of my considerations is that the number of dollars is increasing. They are easy things to print. Everything else is fairly stationary in relative supply. That translates into inflation. How? I don't know, property prices I see as maybe the Trojan horse. If you have inflation, all sorts of problems occur.

This is close to my view btw
Message 16819319
Interesting exchange of opinion. A significant increase in the USA unemployment rate, the apple cart tips over imho. Then, everyone is so concerned looking after individual apple recovery, that the big picture is lost.

On another subject entirely (for a moment).
news.ft.com

Sounds to me they should just cough up and hire them. Money talks, and generates business in it's self.

Or are you one of those guys who believe that wages should be controlled to stop "inflation"? -g- btw there is all sorts of UK industrial type action in the wings. Labor Unions are much more responsible these days, but inflation is the best way to address certain economic issues, like if the workers are paid too much (talking from a global economists POV). Fact is, if peoples real quality of living keeps going down, mayhem results. I use your example of Argentina as an sample example of what may occur. What is the IMF going to do? Lend them some more dollars??



To: Hawkmoon who wrote (14885)12/27/2001 8:56:40 PM
From: SirRealist  Read Replies (1) | Respond to of 281500
 
No, the USD will remain strong

Till the convergence of today's deficit spending with the retirement of Boomers and with the tumble of other national economies.

It may be the last domino to stand but it will also be the last to fall.