But you said that last year and were wrong. You said the Dollar was about to collapse, it didn't. Jobs would all disappear because of manufacturing we have one of the lowest unemployment rates. The housing market bubble will burst and it hasn't. See you keep saying it's collapsing and it keeps improving. You were wrong and probably still are.
On 12/5/05, Gruss Gott wrote: > That's true, but so is Paul's point - America's growth is now funded > by the largest debt in history. Basically China is lending us money > to buy their products (see trade deficit). > > Using an analogy, it'd be like taking out more and more home equity > loans - if you invest the money you might be fine if the investments > pay out more than the loan interest. BUT - if you spend it on crap > and you don't get that raise you were expecting, you could go > bankrupt. Well, Mr. Bush has decided to spend it on crap. > > That doesn't mean we'll collapse, it just means the odds of pain are > higher than if we invested those funds or if declined to borrow the > money in the first place. Again, this is why he's a fiscal liberal. > A conservative would want to maximize financial security and so would > not take incalculable risks. > > For me, the truth is that we're in uncharted waters - there's no > history to back up anything. For example, normally an inverted yield > curve is a signal for recession, but in today's case I don't think > that's going to happen unless oil prices shoot up again. > > Prediction: The new fed chairman will lower interest rates triggering > a big 2006 chock full of consolidations and mergers. > > However - there's a lot of people on the edge. If oil prices spike > again you could see a lot a pain. Personally, I've a health hedge > against the dollar that's sitting in Asia and I'm considering the Euro > again. > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Discover CFTicket - The leading ColdFusion Help Desk and Trouble Ticket application http://www.houseoffusion.com/banners/view.cfm?bannerid=48 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:185822 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
