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

To: sea_urchin who wrote (21079)	6/4/2004 7:30:06 PM
From: sea_urchin	Read Replies (1) \| Respond to of 80940

> While Joe is indebted up to his eyebrows he simply HAS to behave. He can't rock the boat or give any kind of trouble. And he knows if he loses his house, his wife will divorce him and take whatever is left after the bank has cleaned him out. So, can anyone really be surprised to read this? newsday.com >>U.S. has the highest rate of mental illness The highest rate was found in the United States, with 26.4 percent. Ronald Kessler, a Harvard Medical School researcher who led the study, said it's plausible that the U.S. rate would be higher because of "higher expectations" of success that can lead to frustration when people can't live up to them. The most common ailments everywhere except Ukraine were anxiety disorders, which include panic attacks, phobias and post-traumatic stress disorder.<< And of course, the more Joe spends on treating his anxiety-state, panic attacks and phobias, the more the economy "grows".

To: sea_urchin who wrote (21079)	6/5/2004 7:45:11 AM
From: mcg404	Read Replies (2) \| Respond to of 80940

Searle, Hi! Hope you've been well. Have you enjoyed watching the world go crazy lately? <the whole purpose of the debt -- which is social control, pure and simple...it is backed with something even more valuable --- human flesh and blood!> I could not have said it better myself. re: roach "households have become wise in the ways of sophisticated balance sheet management... long duration liability structure...upside of the rate cycle...policy normalization" Yeah. I'm sure J6P considered all of this, and more, when he did his refi. (g) But i think roach is focused on the wrong problem. Don't most overly-indebted consumers HOPE we are at the point of "40-year low" interest rates? (I would be if i were one.) Don't they WANT an inflationary cycle to reduce the burden of their debt and inflate the value of their asset? While the first wave of foreclosures might wipe out the recent ARM-a-philes, many of them were probably just 'renting' anyways and can just clear the slate with (another?) bankruptcy. But then second wave starts to hit the moderately fiscally responsible, fixed-rate-indebted group...and then the Japanese problem? Who knows...but plenty of pain all around...the only part that seems certain. john ps. been reading orson well's '1984' (again). Whoa! He nailed it. unfortunately.