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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (44658)	9/21/2003 6:47:16 PM
From: IQBAL LATIF	Respond to of 50167

America, like democracy, is terrible -- but all the alternatives are worse. The Yen? Hah! Their banks are still secretly bankrupt, they're rich (enough) so why change? The Euro? Right ... with the French and Germans both stuck with worse CAP and far worse, now mid-term looming pension crises. Brad, you're worried about US unemployment? What about in the Euro-zone? (some 9% or something -- really, I don't know now. France & Germany both worse). China and Russia and India (oh my!)? Still too small, too insular/inside, pull needed in gov't. But growing fast; still no capital shortage. How about ... US real estate??? I don't think there's much undervalued; more likely overvalued. So if the gov't doesn't tax & waste it, where else should it go? Where should investors invest? (My advice: CEE - the accession countries, 60-120% of W. Euro quality at 40-60% the price. But I live in Slovakia, so am biased.) Posted by Tom Grey at September 19, 2003 07:42 AM On the domestic side, isn't this situation what you would expect from supply-side fiscal policy when the problem is too little demand? Posted by theCoach at September 19, 2003 07:52 AM