At 06/12/02 13:27 -0500, you wrote:
i am sure you are all aware of this. i am posting the news since nobody
has and i am interested in hearing your opinions.
--ravi
Unlike Greenspan e was unsubtle in taming the animal spirits of the stock exchange. But fundamentally he was powerless to remedy a situation in which the USA cannot keep its economy accumulating and its consumers consuming, by a continued unequal exchange of value with the rest of the world. It is going to have to bear a proportion of the burden of the crisis.
Bush is starting to run out of options, because whatever is done with the currency or taxes, fundamentally there is a finite global mass of exchange value. It is a zero sum game. The incessant drive of capital to accumulate will inevitably come up against the limited purchasing power of the masses.
Chris Burford
London
