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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: AC Flyer who wrote (51599)	7/17/2004 6:41:26 PM
From: Tommaso	Read Replies (2) \| Respond to of 74559

>>>As to the virtues of a strong military, I could recite the usual list of 20th Century US military achievements in the service of freedom and democracy, which include freeing half the globe from totalitarianism at least once<<< No, what happened was that Hitler made the incredible mistake of invading Russia, and when the Russians had the Germans on the run, and had destroyed much of their military power, then we invaded France, along with the English and some others. But the war on Japan was very largely an American affair. In that case, it was the Russians who waited until the war was won to declare war on Japan. But if the U. S. had not firmly supported England, Hitler might have overrun them, no matter what Churchill said. The U.S. has plenty to take credit for without overstating it. But this Iraq thing is a mess, though not as big a mess as Vietnam. It would be nice if we were wealthy enough and wise enough to straighten out the rest of the world.

To: AC Flyer who wrote (51599)	7/17/2004 6:56:04 PM
From: Tommaso	Respond to of 74559

More on toppic: howestreet.com Today for the first time since World War II, the Fed has been actively working to push inflation higher with its high-powered pumping of its monetary policy, and other countries have been joining the party. Global monetary policy is the loosest since the 1970s. As The Economist concludes, the good news is that deflation was avoided, but the bad news is that inflation is now coming back stronger than expected. Inflation has always been caused by excessive monetary expansion, often associated with wars. In the U.S., that’s certainly been the case with Iraq, which has become far more expensive than anyone expected. Whether or not you agree with the war, Iraq has been inflationary, it’s helped fuel an oil crisis by fanning insecurity and oil has soared to record highs. Commodities have also risen over 20% during the past year