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 (25338)	11/11/2002 6:28:37 PM
From: RealMuLan	Respond to of 74559

Jay: "I believe the pragmatic action is to raise interest rate to reflect the true risk to capital, punish the debt-ed, ..." Don't you know that here in the US few people are not debted? This whole economy is based debt/credit, period. If eliminating debt, then this economy will not function any more. I am sure you have read this WSJ article: Home bankruptcies jump 8 percent Connection between huge mortgages, personal bankruptcies msnbc.com "...the number of homeowners in bankruptcy protection has risen sharply in the past year to a record 750,000, ..." and this number only include Chapter 13 filings, if I understood correctly. And this is only a tip of iceberg. And what if after 5 years, the US economy still won't improve significantly? then this bunch will have to go to Chapter 7, I would say.

To: TobagoJack who wrote (25338)	11/11/2002 11:23:18 PM
From: elmatador	Respond to of 74559

No work= no money. No money = No Food. No Food= You dye! I learnt that lesson very early in life. That's why I never depend o na government for my livelyhood a la Sweden, where 2/3 of the whole population depend on 50% of their income on the government. And people are not saying this is obscene! From the 3rd living standard in the world to the 20th today!!! They are going so slowly down, that the new generations even don't relaize what they have lost! Japan will go this way. The US will go this way. It is amazing how people work against their own self-interest!!

To: TobagoJack who wrote (25338)	11/11/2002 11:31:18 PM
From: elmatador	Respond to of 74559

My gauge for inflated economies and countries that priced themselves out of the market, it is the numbers of losers I find hanging around here in Bangkok. I go to different pubs just to listen to their conversation and learn about the losing landscape. The British are the champions, Beat any other nationality by sheer number. Then US, Japanese and Germans. The losers found a place cheap for them to live without paying the fixed costs of breathing air at home. The first losers to have spotted the possibilities of Bangkok were the Americans, who -guess what? lost the Vietnam war. Since then this place have got a reputation for accepting losers of any color, nationality or creed. They've could have gone to other places near home and as cheap. Say Czech republic. Ah, but they don't find bars full of available naughties there. Ok, there are also in Czech Republic but not at the competitive rates of Bangkok's! The guys who are not losers are having a field day. That because the women can spot a loser, 10Km away, in the dark and against the wind and with the subject under a flood light. If you are not a loser, you've got it made! Repeat my exercise in HK, Jay, but I suspect losers have long gone out of HK.