Dr. Belal Barhem Date: Sun, 26 Oct 2008 12:46:46 -0500From: [العنوان محجوب]: [العنوان محجوب]; [العنوان محجوب]; [العنوان محجوب]; [العنوان محجوب]; [العنوان محجوب]; [العنوان محجوب]: said: Leading economists are smart, but not as smart as they think when it comes to preventing Depression 2.0 Volvo truck sales plunge 99.7%The depth of the recession was revealed today as truckmaker Volvo admitted demand across the Continent has crashed by 99.7% as it took orders for just 115 new lorries in the last three months. What's next? Perhaps the most troubling study of the 1930s economy was written in 1988 by the economists Kathryn Dominguez, Ray Fair and Matthew Shapiro; it was called "Forecasting the Depression: Harvard Versus Yale." (Mr. Fair is an economics professor at Yale; Ms. Dominguez and Mr. Shapiro are at the University of Michigan.)Leading economists are smart, but not as smart as they think when it comes to preventing Depression 2.0 On Sun, Oct 26, 2008 at 12:28 PM, Younis <[العنوان محجوب]> wrote: DrYOUNIS said: Oct. 26, 1:26 PMI'd use the bailout money to pay for outstanding debt for consumers (Home, Student loans, auto, credit cards) AND make max interest charged for credit cards no more than 4 times the Fed./Discount rate. and no more than 3 times for the home loans. Other part of the money goes for free College education and have the college tuition to be no more than 5% of the state median income. Last but not least outlaw home equity loans. This way consumers will have no debt, and start buying again. Banks will lend because consumers has no debt out standing. _________________________________________________________________ See how Windows connects the people, information, and fun that are part of your life. http://clk.atdmt.com/MRT/go/msnnkwxp1020093175mrt/direct/01/ --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kantakji Group" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [العنوان محجوب] For more options, visit this group at http://groups.google.com/group/kantakjigroup?hl=en -~----------~----~----~----~------~----~------~--~---
