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

To: sea_urchin who wrote (19154)	9/29/2003 1:03:49 AM
From: Jamey	Read Replies (1) \| Respond to of 82035

"I see it differently. I see a depreciation of the money without a particular rise in prices." Ask any Mom who has been to the grocery store and shopped for a family about a rise in prices. Its very informing to know that our GOV cost of living figures does not use food items as part of the calculation! When Levi Strauss moves to Mexico it is time to load up the wagon and go with them! Wouldn't surprise me if our favorite Texas bluejeans doesn't start coming with a Chinese label on them. James

To: sea_urchin who wrote (19154)	9/29/2003 1:30:22 PM
From: Ahda	Respond to of 82035

>>That's the part I don't understand. The failure to compete is part of a deliberate policy to move jobs to low-cost countries. Cost of labor was to high and cost efficient was reducing jobs. Income was becoming more unevenly distributed so this actually aided the middle class who were struggling. >>I see it differently. I see a depreciation of the money without a particular rise in prices. Reason --- because everything is in over-supply no-one need pay more for anything, unless there is a bubble. In other words, an invisible inflation. Service is invisible insurance etc very very high cost. >>So, I don't envisage house prices, or even stock market prices, falling because the Fed will keep interest rates low ie money will be "cheap". If interest rates were to rise then that would be something else but I don't believe they will let that happen until the economy is well and truly on the uptrend. Whatever that means. Hard call Searle as housing costs are part of wage expectation. There is too little equity in housing 57% last months figures refinance. Currency by means of too much was debt dilutive factor we have to deal with. This makes the road up much more difficult it does not leave the room we need to decrease costs and increase our competitive stance. The dollar price is in question it is rearing its head.