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

To: Ahda who wrote (18960)	9/10/2003 2:47:33 PM
From: sea_urchin	Read Replies (2) \| Respond to of 81226

Darleen > In CA the make believe was the ease of obtaining financing and the property rise that went right along with it. That was the "feel good factor" of lowering interest rates. Of course, there was no increase in productivity or employment, merely the fiction of paper wealth. > This increased costs decreased potential and long range budget planning is now next year. There is no "long term" any more. Everything is about a quick buck and a BS story --- quick in, quick out and FO quickly, before anyone knows what's going on. And let the next guy sit with the problem. > That is not growth it is struggle. That's a nice word for it. How about survival. > We could possibly be very close to the end of increased property price here as there are more houses coming on to the market than there were at the start of summer. Interest rates going up play havoc on those that have adjustable loans. I think the cheap money party could be over for a while which is another reason why I feel we won't see a big fall in the USD. > In the mean time the rapid rise in property as well as problems associated with operating in our state have reduced business investment. Stands to reason, especially when CA is technically bankrupt. > Growth is a long range thing when growth is being viewed as can we make it until next year it sure doesn't bode well for future. Even here, people are just living for the moment --- take it one day at a time. > Imports give us reduced cost and are a vital part of keeping our inflation in tow, I agree. But the price of the low inflation is no industry and no jobs. That's why I'm not a "globalist". I feel the object of the exercise is to employ people and not just be able to buy goods as cheaply as possible. I'm also not against tariffs. > if they reduced one end of inflation we inflated in other areas. Sure. >If we put tariffs on China unless you have Corporation American clause or some such thing that ends as non Tariff US you are shooting yourself in the foot again and I suppose in the head world wise if you have tariff exclusion. US has to be very careful as she opts for protectionism. The exterior that holds our dollars will find that our immediate future value is decreasing and accidently so is our investment in theirs. They are holding a dollar that as the euro has limited investment value. Lots of muck in the currency basket especially if you start thinking of the IMF and it's prime supporter. I think we are all going to Hell in a hand-basket. Europe is in recession, Japan is just coming out (so they say), so where's any good? China?! > So I suppose this is good for gold if not good for the situation we have here. That's a myth. There's hardly any buying of bullion for investment. The big run on the gold price is as result of "paper" trading ie derivatives. In fact, the high gold price is very detrimental to actual gold sales for jewelry or other industrial purposes and, furthermore, brings on new mines which were unproductive at lower gold prices. Like with everything else, if you want to play gold, it's a one-night stand --- in and out! That's not my scene --- I'm a boy who likes to get married --- at least long enough to get to know her name! > Bubbles come from leaping and not looking and right now there are many who are looking at status quo at best here in CA. Status quo is not covering the increase we have in insurance as well as basic living costs. Tightening the belt and hoping for the best. > To me Searle at this time of high cost to business and limited value on dollar I believe there is a very high probability of gold increasing. "Gold" is not what it used to be. Today the speculation is on the "idea" of gold, not on the purchase and sale of the metal which is too tedious and too slow. Thus the new "gold miners" are the banks which issue the derivatives and not the gold producers, although clearly the gold shares participate in the speculation --- especially in those mines??! that don't produce any gold. > Now you can go back to castration of GWB. He put his gonads on the line. Others had to pay with their lives for the decisions he made. > Though IMHO it was AG who severed the balls of this nation Don't you mean, rather, that it was the Fed. AG is just the guy who works there. > too much Viagra and no self correction or elimination of excess currency. I don't think it's fair to blame AG for the greed of the nation and its desire to live beyond its means. As you know, life goes round and round like a ferris wheel --- it's fun on the way up but bloody awful coming down. The Viagra and money pump are merely ideas to stop the wheel permanently on the way up so that the US can bask in permanent wealth and power. Unfortunately, all these devices do is delay the inevitable. They do not prevent it.