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 (34015)	5/20/2003 12:58:12 AM
From: elmatador	Respond to of 74559

<<wealth looted from the int'l and domestic banks>> Let me see if Elmat got this straight: You don't pay your debts. Then you allocate the money that was supposed to pay the said the debt to kick start an internal market revival? Is that what they intend to do? Sounds like the US sucking money from everywhere to keep the internal consumer market (70% of GIP) humming. <<By spending money to boost domestic industry, Argentina will be in a better position to pay its debts, he said.>> At least the Argentineans didn't say they want to print their currency to pay those being looted. <<``What Kirchner is really saying is that he prefers to spend excess resources on social programs rather than debt,'' said Christian Stracke, an economist with New York-based economic research company CreditSights Inc.>> Oh, shit!