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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (108328)	7/10/2007 6:53:25 PM
From: LowtherAcademy	Read Replies (1) \| Respond to of 132070

What me worry about a few extra bucks running around chasing limited quantities of resources?? I'm tired of this negativity, Michael. I always thought that most of our population should be millionaires, and we are fast closing the gap. And, it isn't even that painful, since most are employed in the Service sector--whether they wear a white or blue shirt. And, the cherry on the Sundae is that the Chinese, with their incredible elastic labor supply, is helping pacify the unwashed masses with cheap snap assembled crap, or pet food. And, after we pay off our accumulated debt with Bush Bucks we can start a real war and maybe remember to secure the oil fields before we declare victory. Canada has been getting a little uppity lately, and that would seem to be a slam dunk for a convenient target. Going South, I'd suggest skipping Central America and go right for the goodies, and although Brazil isn't exactly a powerhouse of natural resources, their fine looking women should be incentive enough for a quick surgical strike on Rio. Regards on a hot hot afternoon across America. Thank God we don't have Global Warming on top of this heat wave. Lew

To: Knighty Tin who wrote (108328)	7/11/2007 8:14:32 PM
From: Freedom Fighter	Read Replies (1) \| Respond to of 132070

KT, This is the way I see it. The major problem with the dollar is that every time one of the Fed's bubble's blows up and threatens a recession, real interest rates are dropped into negative territory to protect the economy. That's essentially begging people to borrow more money. The idea being to increase the money supply to bail out the economy. Continuing that process spells long term doom. Bush inherited the Greenspan and Clinton mess. Things like budget deficits, economic growth differentials, interest rate differentials etc... are usually short term economic factors that also impact the dollar in the short term. But from my perspective they are often meaningless. I'm not a trader and don't think they have much place in politics other than for the liars trying trash the wrong people. I sort of think Bush had to reduce taxes when the Clinton/Greenspan stock bubble burst in order to prevent a disaster. I might have cut different taxes, but I don't think it was a bad move. If that impacted the dollar among traders I don't care. The rapidly increased spending in combination with cutting taxes was a huge mistake though. It wasn't necessary to increase spending that much. That put us on a path of structural deficits instead of cyclical deficits. Over time that could also be a disaster for the dollar if not corrected because the deficits could eventually be monetized. But I think this can be turned around quickly if we get someone mildly responsible next. The only thing I worry about when it comes to the dollar is expanding money, not yearly moves based on other cyclical changes.