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To: robnhood who wrote (13049)	6/13/1998 9:01:00 AM
From: robnhood	Respond to of 116764

russell, Corporate Welfare Bums??? globeandmail.ca <<< THE NATION Aerospace firms slow to repay loans OTTAWA - Canada's largest aerospace companies have paid back only tiny fractions of the billions of dollars in repayable loans received under federal support programs between 1980 and 1996, according to confidential information obtained by The Globe and Mail.>>> Gee and here I thought it was all those poor people that were the deadbeats.... russell

To: robnhood who wrote (13049)	6/13/1998 11:44:00 PM
From: ahhaha	Respond to of 116764

It's a lock. They have no other policy option. Sooner or later. Earlier this year I tended to agree with the BOJ's resistance to pumping, then someone on this thread mentioned that Milton Friedman said they should open the gates. I thought that wasn't warranted then, but more stagnation has compelled me to agree with Milty. You disagree with him with your hat in your hand. My motivation for resistance was based on the fear that pumping almost always gets out of hand. Once you open Pandora's box, you can't get the lid closed. Now we have a further development which is the converse of the FED's position. The longer they delay pumping, the more they will have to pump and the greater is the potential of over -stimulus with the inflation consequences later. They can always hit the break, but sometimes governments use suasion to slow the application of austerity. A recovery in Asia with a growing inflation coupled with persistent FED foot dragging would create a very bullish environment for gold.