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To: Perspective who wrote (251018)7/18/2003 11:54:03 AM
From: UnBelievable  Respond to of 436258
 
Then When We Are Hooked They Get Us To Demand That They Drop The Peg



To: Perspective who wrote (251018)7/18/2003 11:58:58 AM
From: 10K a day  Respond to of 436258
 
i think it's like karma
we own people because we build a water canal in their country.
we own them...
(they are indebted to us cause we sell them our cement and bulldozers)...
they pay us...
we extort their natural resources...
then we devalue their currency.
it's all going to come back to us in one big
ooompah
what goes around comes' around
i didn't make the rules

damn...

problem is...they eventually going to figure it out that they don't need us...It's all in the mind. they got the technology. they got the labor...they got the mindset...they got everything....they don't need our printing press....it's all in the mind...

uranium..

my ass...it's all in the mind.



To: Perspective who wrote (251018)7/18/2003 1:24:42 PM
From: mishedlo  Read Replies (2) | Respond to of 436258
 
Response to your post from Hack on the fool

the problem as i see it is much simpler:

the u.s. consumes far too much relative to its natural resource and human resource capacity.

everything else is an offshoot of this fundamental flaw. because of cold war military and political influence, the U.S. has ridden the wave and managed to keep spending based on the momentum. this will have disasterous consequences when the momentum is headed in a direction that DOESN'T favor the u.s. spendthrift and deficit spending lifestyle.

think about it: we've had everything going our way for several decades - and yet we have a deficit and not a surplus at the personal, corporate, and governmental levels.

what happens when that tailwind becomes a headwind?
how will debts be paid?
how will this lifestyle continue to be financed?

BTW; every seen how long it takes an oil tanker to do a 180? it ain't quick.

-hack



To: Perspective who wrote (251018)7/19/2003 10:47:30 AM
From: mishedlo  Read Replies (1) | Respond to of 436258
 
From Plunger on the FOOL
I don't see future inflation as a done deal just yet.

Incomes are still declining. The best measure of aggregate incomes is aggregate income tax receipts. Going down.

This is the real inflation item the Fed is concerned with because this represents the ability to service debt and so keep the financial system afloat.

Given the domestic and foreign unused capacity we are still in a deflationary period. The only way the Fed can combat it is to try and get asset prices up, which they've done, but they need to keep people spending from those assets.

OK Greenspan has taken a flier that he can shout at business leaders and get them to invest. But with all that unused capacity, and a stalling consumer going forwards, he must think these guys are ex-Kamikaze pilots ...

So the asset feelgood will last a quarter or so IMO then they need to do another pump. The Fed's ONLY TRICK is to lower interest rates, and to encourage longer term rates down especially. That's what they will have to do to stand any chance of getting inflation to take off.

I repeat the first step has to be to get LOWER bond yields.

Unless you believe in the amazing 2H2003 recovery already.

Plunger.