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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: ubetcha who wrote (15135)	8/13/2002 9:40:54 PM
From: sea_urchin	Read Replies (1) \| Respond to of 82477

Terry >You can not possibly be advising that we increase interest rates? I'm not too concerned about interest rates, thank you for asking. As I see it, on the investment side, the problem is with too much money chasing too little income production. From what I have read, there is still a serious problem in the economy because, notwithstanding the stockmarket decline and a fair degree of unemployment, there are still bubbles all over the place indicating that inflation is co-existing with deflation and not curing it. Of course, we also know about their messing up the inflation gauges, especially the gold price. On the production side, there is an illusion of no inflation because most goods are being produced in Asian countries where costs are far below those in the US. I say an illusion, because the true cost of this arrangement is that the US has forfeited its economic independence to the cheap industrial production of China, Korea etc and, in due course, it's only to be expected that the prices of those goods will rise. It's almost like having one's balls between someone else's teeth! Now, I ask you, with tears in my eyes, how does playing with interest rates prevent him biting?!