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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (223036)	2/20/2003 8:56:50 PM
From: Box-By-The-Riviera™	Read Replies (1) \| Respond to of 436258

what's up with all of these polysyllabics all of a sudden? new brand of cactus punch? <g>

To: patron_anejo_por_favor who wrote (223036)	2/20/2003 11:33:19 PM
From: Gut Trader	Respond to of 436258

Tom Ridge on Home safety content.loudeye.com GT@Sand In The Vaseline.com

To: patron_anejo_por_favor who wrote (223036)	2/21/2003 1:27:42 AM
From: CuriousGeorge	Read Replies (1) \| Respond to of 436258

Living in the Bubble Government guarantees, global capital flows, and a consumption binge add up to a national mortgage crisis. By Robertson Morrow ... The foreign-debt bubble, and therefore the mortgage bubble, is a necessary consequence of our trade deficits. When we run a trade deficit, foreigners are giving us their goods not in exchange for our goods but in exchange for something else of value. Subject to trivial quibbles, this can only be two things. The first is foreign investment: when we give them a factory in America or a claim on a factory in America. The second is debt. .... Globalization <makes> it possible for a preponderance of the creditors to be in one nation and a preponderance of the debtors in another. An entire nation can become a decadent playboy if another nation is willing to become a miser. Obviously, this imbalance is not sustainable in the long run, but it can go on for years before the dénouement occurs. Given the ingrained cultural tendencies of different nations, it is no accident that America has slid into the role of profligate while nations like Japan play the lender. ... For the first time in financial history, a major debtor nation owes its debt in its own currency. This means that rather than exporting goods to buy foreign currency to repay that debt, we can just print the money. We inflate the dollar to pay off foreigners in money that is not worth very much. Creditors will oppose destroying the dollar, but they lack the political clout of millions of American debtors. amconmag.com -CG- <My Dad bought his house in 1962 for $14,500; or 414 oz's of gold @ $35. He sold it last week for 149,500; or 427 oz's of $350 gold ... a house is as good as gold?>