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To: dennisw

mysterious are the ways of modern communication - how easy wisdom is lost these days....

I treid to meantion the costs of the war - that are not only high in price but also paid on debt - not with taxes - not with sales of assets - not by saving money in other areas - it’s debt. 3 trillion $ of debt.

Once the economy has digested the housing issue (with a lot of pain i’d expect) it still doesn’t mean that e.g. inflation could be fought with normal rates of interests - they HAVE to stay down and it will cause a lot of inflation.

Preople in the states will have more labour but less to buy.


45 posted on 03/18/2008 3:45:08 AM PDT by Rummenigge (there are people willing to blow out the light because it casts a shadow)
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To: Rummenigge

All true plus our (USA) years of trade deficits are impacting hard. While Germany runs trade surpluses. You still have nation pride and are not degenerate borrowers


59 posted on 03/18/2008 6:22:15 AM PDT by dennisw (Never bet on a false prophet! <<<||>>> Never bet on Islam!)
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