No, sorry. I had a genuine newspaper version. I read it at lunch and then tossed it. The writer was an analyst from one of the top financial firms.
> Do you have a link? > > John > > On Tue, 19 Apr 2005 21:02:34 +0000, <[EMAIL PROTECTED]> wrote: > > > Read the editorial page in today's Wall Street Journal. Others far more > > knowledgable than I have already set Volcker straight. The poor chap has > > a lot of axes to grind. > > > > > >> Paul, > >> > >> That's all right, then. Thanks for the reassurance. Be a good fellow > >> and > >> tell Paul Volcker, though. Poor chap doesn't know very much about these > >> things, and he'll be glad for you to put him right. > >> > >> John > >> > >> On Tue, 19 Apr 2005 20:41:18 +0000, <[EMAIL PROTECTED]> wrote: > >> > >> > The US government won't run out of credit. Japan and China will > >> continue > >> > to buy dollars because their economies are dependent on US consumers. > >> > The dollar will eventually gain strength as interest rates rise. It's > >> > cyclical. It's not a big deal. But gnash your teeth and wring your > >> hands > >> > if you must. > >> > > >> > > >> >> John Forbes quoted and wrote: > >> >> > >> >> ' "Circumstances seem to me as dangerous and intractable as any I can > >> >> remember, and I can remember a lot." And: "As a nation we are > >> >> consuming and > >> >> investing about 6 percent more than we are producing." That was Paul > >> >> Volcker, former chairman of the Federal Reserve.' > >> >> > >> >> 'http://www.washingtonpost.com/wp-dyn/articles/A38725-2005Apr8.html' > >> >> > >> >> 'We'll do nothing now, but we'll remember these words in about five > >> >> years > >> >> time. 1929 will seem like a mild hiccup.' > >> >> > >> >> I thought I was the only one who felt uneasy about the current > >> economic > >> >> situation in the US. The US government deficit spending / trade > >> >> imbalance > >> >> combination reminds me of a family where the old man is out of work > >> and > >> >> they're living on credit cards. It works okay until the credit runs > >> out > >> >> then > >> >> they're in a world of trouble. The US government will eventually run > >> >> out of > >> >> credit. The aftermath will not be pretty. > >> >> > >> >> Tom Reese > >> >> > >> >> > >> >> > >> > > >> > > >> > > >> > > >> > > >> > >> > >> > >> -- > >> Using Opera's revolutionary e-mail client: http://www.opera.com/m2/ > >> > >> > >> -- > >> No virus found in this outgoing message. > >> Checked by AVG Anti-Virus. > >> Version: 7.0.308 / Virus Database: 266.9.17 - Release Date: 19/04/2005 > >> > > > > > > > > > > > > > > -- > Using Opera's revolutionary e-mail client: http://www.opera.com/m2/ > > > -- > No virus found in this outgoing message. > Checked by AVG Anti-Virus. > Version: 7.0.308 / Virus Database: 266.9.17 - Release Date: 19/04/2005 >
