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

To: sea_urchin who wrote (15659)	9/26/2002 6:09:31 PM
From: Ahda	Respond to of 80976

California median home price posts 18.3 increase percent in August, Sales decrease 1.5 percent, C.A.R. reports LOS ANGELES (Sept. 25) – The median price of existing homes in California in August rose 18.3 percent and sales decreased 1.5 percent compared to the same period a year ago, the California Association of REALTORS(R) reported today. H-1B issues going to court U.S. WORKERS SAY THEY ARE FEELING BETRAYED By Jennifer Bjorhus Mercury News For years U.S. engineers have grumbled that foreign engineers on work visas were getting their jobs. Now, for the first time, U.S. workers are filing formal complaints with the government and in court, charging that foreign guest workers are replacing them during the downturn. Legal cost are excessive. Laws are not read as is but adjusted to meet financial needs and statements. This is too top heavy a top load for our economy to carry. We could very well have more money going into litigation than Germany does into taxation. It is one thing to attempt to fool others it is another when you attempt to fool yourself. The German stock exchange is clearly trying to move a step above ours. The Bundesbank (sp) was considered one of the finest in the world once.

To: sea_urchin who wrote (15659)	9/27/2002 6:32:41 PM
From: pater tenebrarum	1 Recommendation Read Replies (6) \| Respond to of 80976

total US credit market debt amounts to $30 trillion now. there is some double counting involved (since financial intermediaries inter alia borrow funds and re-lend them), but the total is nevertheless frighteningly high, and expanding, as you say, exponentially. exponential expansion is always indicative of a bubble, and the US credit bubble dwarfs anything seen before. Greenspan's knighthood is probably a great contrary indicator w.r.t. the good chairman's future popularity. when i heard he was going to be knighted for his 'contribution to global economic stability' i nearly fell off my chair. the biggest monetary inflationist in mankind's history a contributor to economic stability? it's positively Orwellian. speaking of Orwell, here is how the US press reports on a recent Buffett interview (headline: "Buffett bullish on stocks"): money.cnn.com the very SAME interview as reported in the British press (headline: "Buffett expects markets to get worse"): timesonline.co.uk as a final remark, it appears that we are living in increasingly interesting times, as they say in China.