Doug Henwood wrote,
Barkley, what evidence is there really for a long upwave now? What are your
points of historical comparison? You didn't have bubbles and panics early
in other long booms did you? Shouldn't we be in the hedge phase of the
Minsky finance scheme, not the Ponzi?
The Minsky/Ponzi
I would simply note that all long waves (if they
exist, which many doubt) include shorter episodes of
recessions. Clearly we are entering such a zone and I
think it will last at least until after the whole Y2K and
euro introduction mess is done, which is still more than a
year away.
Friday, September 4, 1998
PERSPECTIVE ON THE CURRENCY MARKETS
Isolationism Is Not the Right Path
Despite global market fears, this isn't the time for Malaysia to put new
controls over its economy.
By GEORGE T. CRANE
Malaysian Prime Minister Mahathir Mohamad is defying the global
James Farmelant wrote:
Us folk here may be cognizant of the weaknesses of the Chinese model
but I wouldn't underestimate the ability of the Western press to
latch onto a convenient buzzword like the "Chinese model" for
describing Zyuganov's economic program.
Zyuganov indeed has a kind of
There is great danger in letting the socialists take power now, unless they come
in with a clear and comprehensive program. The "left" often takes control during
periods of crisis, then carries out the programs of the right, discrediting the
left for decades.
--
Michael Perelman
Economics
Marty Hart-Landsberg asked,
So my question: in what ways, if any, should this current
trend/development influence our own political efforts in this period.
Should we just ignore it, promote it, take aim at it for its limited
understanding? Comments or reactions appreciated.
I don't know if
Quoth Paul Blustein (Washington Post), in part:
.. After the virtual collapse of [Russia's] economy last month,
pro-Western forces are in full retreat and speculation abounds that
socialist policies will be revived.
But what flavor? The sausage-fingered style of the Brezhnev era is
Spread of Free-Market Ideals at Risk
By Paul Blustein
Washington Post Staff Writer
Friday, September 4, 1998
As the crisis roiling global financial markets spreads and intensifies,
signs increasingly suggest it could deal a historic setback to the advance
of Western-style capitalism.
Cloudy Crystal Ball
By E. J. Dionne Jr.
Friday, September 4, 1998; Page A25
Only the big Wall Street touts -- the bulls and the bears who perpetually
disagree with one another anyway -- will pretend to know where the stock
market is going after these recent wild days.
What's clearer is how
Rosser Jr, John Barkley wrote:
I would simply note that all long waves (if they
exist, which many doubt) include shorter episodes of
recessions. Clearly we are entering such a zone and I
think it will last at least until after the whole Y2K and
euro introduction mess is done, which is
UGLY Jim Hoagland wrote in The Washington Post
The fundamental problem in Russia, Indonesia, Malaysia and elsewhere was
not that they went too far in adopting American-style capitalism, as
ideologues have begun to claim. These nations did not go far enough.
They sought comfortable halfway
The following item was taken from Russia Today (www.russiatoday.com)
Aug. 31, 1998. It deals with, not just a Russia domestic matter, but rather
with the sword of Democles which has been hanging over the world for
sometime now, and on a thread which beomces weaker with each passing day.
As Lebed
--
Taken from "russiatoday.com"
Date: Friday, September 04, 1998 11:44 AM
Lubyanka Was Disarmed
Summary
According to Segodnya, all members of the Federal Security Service's
(FSB's) Second Department, which is responsible for fighting terrorism,
were ordered to turn in their
Valis wrote,
Poor M. Camdessus: if he can type 20/wpm and spell decently I might have a
job for him. He can think of it as working for a dictator, just like now.
"Malaysia's going to provide a good negative example to everybody,
Regarding:
Because of the two Grade 12 students, the McDonald's fast food empire has
its first unionized outlet in North America.
Wonderful!
McDonalds has arrived Bolivia now, too. The first restaurant opened in La
Paz in October of last year, with great fanfare. Priests blessed it with
generally, the down turns in the stock market have nothing to do with what is
going on in the rest of the economy. maggie coleman [EMAIL PROTECTED]
In a message dated 98-09-03 14:44:18 EDT, you write:
This period, as was the case with the 'post-communist', etc.
efforts of globalising libearlism, will be the new ideology of the
status quo; 'post-liberalism' will be its name and normality will be its
game. Until, of course, those who such
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