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To: TobagoJack who wrote (20721)	7/3/2002 8:22:01 PM
From: AC Flyer	Read Replies (2) \| Respond to of 74559

Jay: >>(1) production paucity, (2) high paying jobs disappearance, (3) domestic and long-term capital formation vaporization<< (1) Is a look in the rear view mirror (ISM May 55.7). (2) Is a flat-out myth that is mainly perpetuated by the blue-collar thugs running the US's dwindling labor unions. US personal income is increasing at a 3.9% annual rate. (3) is just not true - there are still oceans of investment capital available - just not for start-ups that plan to sell 30 lb. bags of dog food on the net.

To: TobagoJack who wrote (20721)	7/4/2002 12:46:06 AM
From: smolejv@gmx.net	Respond to of 74559

my 2c - productivity (expressed as per capita output) is an intensive measure, like density (mass per volume). So there's two (in case of US economy, much stressed) variables entering the equation. The result can look great, even when X or Y in the ratio (or, gasp, both) are horrible. my cent #2: how's profits? How is it now with Capital expenditures? J6P should take a breather for Xsake.... dj

To: TobagoJack who wrote (20721)	7/4/2002 7:28:26 AM
From: elmatador	Read Replies (5) \| Respond to of 74559

The world economy has been drained of capital to a point which has impaired countries and companies to carry business on: "...US current account deficit, requiring net capital inflows (at the prevailing exchange rate) of at least Dollars 400bn (Pounds 275bn) every year..." See my posting of May 11th: Message 17454909 The US is siphoning capital from all corners of the world to keep the economy afloat and finance its deficit. This is an untenable situation which is not going to stay forever. As long as foreign currencies are being battered by small boys at Moody's or S&P the capital will keep flying into the US, but this is not going to be the situation which will be kept for much longer. The whole world would benefit from a total adjustment of the US economy and a flight from the dollar. This is ultimately necessary for the whole world good. The world is tired to carry the US on its back and subsidize their standard of living.