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


To: Hawkmoon who wrote (5510)4/24/1999 7:33:00 PM
From: Bobby Yellin  Read Replies (1) | Respond to of 81802
 
first..how is the United States going to pay down their trade deficit?
what are the implications for the dollar and our trade deficit?
also if labor is so very tight..why isn't their wage inflation.
Commodity inflation doesn't cause the inflation the fed fears..but
wage inflation..
also I tend to think globally and there are so many examples of deflation around..



To: Hawkmoon who wrote (5510)4/24/1999 8:00:00 PM
From: Bobby Yellin  Read Replies (1) | Respond to of 81802
 
Basically people need two salaries to get by on..whereas in the sixties one salary did fine.."As for wage inflation, compare the purchasing power of the average salaried worker of the early '60s to his purchasing power now." ..again I don't buy this productivity as more and more people I talk to are so stressed out and saying they are doing the work of two and three and four people..and are terrified of making big blunders wsince they are so stressed out..don't know how much longer they can carry on the way they have been working
Again..how is the trade deficit going to disappear..foreigners have already bought tons of our bonds..and tons of our stocks..and probably will start moving their money back home..
don't you find it a bit scarey?
re global depression;-- how many countries are not in one?

I am also trying to figure out how to say something re our inflation versus global economy to show another source of hidden inflation..I will try to think a bit more how I can put it into words..it has something to do again with the trade deficit..and US corporations benefiting but our workers not benefiting and our government basically not governing..help



To: Hawkmoon who wrote (5510)4/24/1999 11:47:00 PM
From: Jim McMannis  Read Replies (3) | Respond to of 81802
 
'79-'80 were very inflationary years. Gold went to all time highs. About $800/ounce. Never, before or since have they gone as high.
Where was the deflation that wrought this?

Jim