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

To: philv who wrote (22265)	1/13/2005 1:18:37 PM
From: sea_urchin	Respond to of 80904

Phil > Just think of the huge economic benefit of that Tsunami. You joke, but there will be. And have no fear that most of the $350m, or whatever the US has pledged for "disaster relief", will not even leave the US. Just think of the bureaucracy needed to administer that large sum, economists, accountants, TV crews, computer experts, not forgetting the disbursements for countless politicians (bipartisan of course) who have to deal with the matter, and then the military, navy and airforce also need a substantial portion. If a cent in the dollar actually gets to those in Sumatra or wherever who need the aid I will be most surprised. > Also, think of the unique opportunities for the US to show the Muslims how much they love them. Sure, democracy and freedom is on the way. Just like in Eyerak. > Can you imagine what a big earthquake here on the West coast would mean? GDP would jump to 20% pa. The best year ever. Talking about GDP, I found this snippet from the asiatimes.com piece very insightful: >>A $2 toy leaving a US-owned factory in China is a $3 shipment arriving at San Diego. By the time a US consumer buys it for $10 at Wal-Mart, the US economy registers $10 in final sales, less $3 import cost, for a $7 addition to the US GDP. << Thus the less the US makes domestically, the greater the US unemployment and the more the US imports from China, the higher is the GDP. > Proof of a healthy man is excessive consumption. A 350 pound man must be extremely healthy; otherwise why would he eat so much? As you say, because the fatter one is the healthier one is. Amazing that rubbish like this is called research. story.news.yahoo.com >>Although obesity is usually linked to detrimental health consequences, new research indicates that overweight people with heart failure have a lower mortality risk than those of normal weight. This is not the first study to describe a protective effect for obesity in heart failure patients, senior author Dr. Harlan M. Krumholz and colleagues, from Yale University School of Medicine in New Haven, Connecticut, note. However, past studies were typically small in size and focused on patients with severe heart failure, mostly ignoring the larger population of outpatients with a less severe condition.<< Of course, the "research" conveniently omits that the obese patients in heart failure were 30 years younger than the lean ones. > I am truly sick and tired of all the B.S., but fascinated all the same that any of it is accepted without question. As the song goes, "Ya ain't seen nuttin' yet." > That is just the national debt. Not included is personal, municipal, state, corporate etc. etc. The more the better. Debt is something to be proud about. Don't forget, only people of substance are creditworthy. And the more substance, the more creditworthy. Hence the "survival of the fattest". > It is hard to believe that all this will end without some terrible consequences Count your blessings -- (a) you are not an American (b) you are not an American (c) you are not an American. There were others but I can't think of them right now.

To: philv who wrote (22265)	1/14/2005 1:12:18 PM
From: sea_urchin	Read Replies (2) \| Respond to of 80904

Phil > The US is leading, showing the way, as usual, "growing their economy". Just as you said -- and without inflation. Things couldn't be better. And as for a bit of debt here and there or a persistent and worsening negative trade balance, that's completely irrelevant, in fact, we don't even want to hear that stuff mentioned. story.news.yahoo.com >>U.S. industrial output grew strongly last month while producer prices fell at the sharpest rate in 1-1/2 years amid tumbling energy prices, according to reports suggesting healthy, noninflationary growth. U.S. factories, mines and utilities boosted production by a more-than-expected 0.8 percent in December, leading to a 4.1 percent gain for all of 2004, the best annual showing in four years, a Federal Reserve report showed on Friday. "It looks like the economy is still quite healthy and the Fed is probably following the appropriate course," said Gary Thayer, chief economist at A.G. Edwards and Sons in St. Louis. "The economy doesn't need low interest rates." Christopher Low, chief economist at FTN Financial in New York, said the report suggested U.S. business productivity was still registering healthy gains, since the number of hours workers put in on the job last month had barely budged. While the expansion appears to be on solid ground, it has yet to generate a rise in prices for most consumer products.<<