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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (3920)	8/5/2002 1:48:24 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

Krugman assumes US foreign export customers remain buyers this assumption is my principal objection to much of current econometric analysis they expect a change from one factor but they expect the rest of the world landscape remains static this static bullshit analytic method has shown to be the downfall of economic study our foreign customers are experiencing a shock now from both the current poor economic state and the declining dollar we cannot assume a greater export business WE CAN BE ASSURED OF A LOWER EXPORT PRICE big difference this phenomenon is now making itself painfully evident in the lending business the interest rate for borrowing is now lower but the demand is even lower so the result is a decline in the lending volume I had this same bone to pick with incompetent economists about 2-3 years ago they assumed rising demand would bring rising prices to which I say "same static assumptions get you in trouble, since the surge in demand, and temporarily in prices, would encourage additional supply" sometimes I think most economists have forgotten the supply & demand forces work together, NEVER statically Europe is reeling now French and Swedish stock markets are down over 30% this years it is not just from ripple effect from USA their main big giant businesses bought directly into the crappola tech/telecom New Economy mumbojumbo in the USA we had separate IPO's with losses contained the big mergers have mostly failed, crippling the likes of Time Warner and Disney and others but in Europe it was big companies that widely bought the bullshit now they are hurting and in Asia, Japan and HongKong and China are in trouble I have covered Asia often lately, in broad strokes SO MR KRUGMAN, WHO THE HELL WILL OUR US EXPORTERS SELL TO? / jim