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.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (15060)	2/15/2002 12:01:45 PM
From: carranza2	Read Replies (1) \| Respond to of 74559

I did not follow my wife trekking in Tibet We must be married to the same type of woman--my spouse has an obsession about trekking Tibet or Nepal which is becoming more and more difficult to quash. I adamantly refuse to go, and it looks like she'll someday go without me. This thread is rapidly becoming a Chatwin-esque travel board. Nice! Trinidad and Tobago sound marvelous. I remember collecting its beautiful stamps as a child. Airport security is still a joke, in my opinion. It will never be fool-proof, even if El Al's procedures are instituted across the board. As I tried to suggest in my post, entering the US informally is still very easy. All of this, of course, deals with the possibility of another terrorist strike in the US. Not if, but when, in my view. I think the markets will take such an event with a lot more sang froid than the '01 catastrophe. Dung beetles should not get their digestive tract ready for the fall out from such an event. Your plans for T/T sound wonderful. Do you celebrate the New Year's holiday? If so, Happy New Year's! If not, Happy New Year's anyway.

To: TobagoJack who wrote (15060)	2/15/2002 12:25:17 PM
From: Don Lloyd	Read Replies (2) \| Respond to of 74559

Jay - ...I think the US economy will get a boost from the airport renovation money that is necessary. ... This has the taste of the broken window fallacy. mises.org "...Krugman is committing the broken-window fallacy on a massive scale. Since the World Trade Towers were small as a percent of our economy, and their destruction will lead to a small amount of increased business investment, and this is good for our economy, all we need to do to really improve our economy is encourage lots of business investment by this method. So, knock down the Empire State Building and we can further increase our economic output. Of course Krugman would not want just New York City’s economy to grow, so we should also knock down the Sears Tower in Chicago and the Hancock Building in Boston. If this does not revive the economy, we better start leveling entire cities; surely that will bring economic prosperity. Krugman sees only the business investment that takes place when these buildings are rebuilt. He fails to see that the resources that are used to rebuild could be used to do other things if the World Trade Towers had not been attacked. We can never become richer by destroying resources and then replacing them. After the attack, the US economy is worse off in real terms, by two office buildings, about 12 million square feet of office space and thousands of productive people. ..." Regards, Don