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To: MulhollandDrive who wrote (89642)9/18/2007 10:33:33 AM
From: Jim McMannisRead Replies (1) | Respond to of 306849
 
RE:"btw, jim rogers is selling his mansion in new york city and moving to shanghai.... he and his wife are teaching their little girl mandarin....that says a lot <ng>
:

He said he was rethinking Shanghai because of the pollution.



To: MulhollandDrive who wrote (89642)9/18/2007 10:58:45 AM
From: Wyätt GwyönRead Replies (1) | Respond to of 306849
 
btw, jim rogers is selling his mansion in new york city and moving to shanghai.... he and his wife are teaching their little girl mandarin....that says a lot <ng>

it says their daughter won't be able to talk with people in Shanghai.
en.wikipedia.org



To: MulhollandDrive who wrote (89642)9/18/2007 11:04:43 AM
From: Elroy JetsonRespond to of 306849
 
It goes back to Schumpeter. Policy doesn't permit a choice between recession or no recession, only a choice of recession or worse recession later.

i'm not sure from reading this piece on jim rogers, why he says a rate cut would PUSH the u.s. economy into recession

The creation of additional monetary inflation inevitably results in CPI measured inflation - either through a declining currency, rising long term interest rates, movement of capital out of the US economy, cost rises due to commodity speculation, or current demand for goods and services which exceed supply. The way in which this occurs isn't really relevant because the result is basically the same - loss of production and jobs, recession.

Look at the unemployment rate in Zimbabwe. If monetary inflation could prevent recession, Zimbabwe would have the lowest unemployment rate in the world.
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