Posted on 01/08/2005 9:30:30 PM PST by steve86
And your point is what?
Boo!
Greenspan didn't do it, Morgan Stanley, the other banks, and the politicians did it. They're all culpable in the fiat money scam.
I've been hearing since the 1980's about our unsustainable trade and budget deficits. If our economic relations with these countries followed classic international trading rules, the dollar would have dropped sufficiently a long time ago and the trade balances would have corrected and the budget deficit also (as US exports increased).
Thsi hasn't happened (most of the current drop has been against the Euro). Now it has been argued that this is due to currency manipulation designed to help exports by the East Asians. Perhaps. But how can this have gone on for so so long unless the hypothesis about the trading relationship is incorrect?
It appears to me that our economies function much more like one integrated economy than as several independent ones, in which case the current situation will correct slowly over time as demand grows in East Asia, forcing the price of goods up.
***It appears to me that our economies function much more like one integrated economy than as several independent ones, in which case the current situation will correct slowly over time as demand grows in East Asia, forcing the price of goods up.***
You're exactly right. It's happening in India. The company I work for (engineering corp.) has outsourced to India, and the cost of labor was rising 120-180% annually over the past 8 years. Then India started outsourcing OUR work to China. Let's just say we put an end to that when we discovered it. Cost of labor and goods from Asia will rise, as expected and as the world has seen so many times. Colonial America provided cheap labor and goods for Europe, then the slave South did the same for the North, then Mexico, then Japan, India, now China. All these areas have developed over time, that's just the nature of economics.
Where's the problem? They loan us money, and we buy their products. If they stopped loaning us money and we got in trouble we'd have to stop buying their products and they would suffer. Sounds like a Mexican standoff.
We will be told over and over again during the next 4 years that we need "responsible" tax hikes and trade protection for the Democratic Party's big-labor contributors.
OK, you sound like you know what you are talking about, so here is my question: when will housing prices fall? Prices that is, for existing homes?
Thanks in advance for your reply, and I don't know is always an acceptable answer. But I will be a first time buyer and I am hesitant to jump in now, although where I live, in NJ (the most densly populated state in the nation) I probably can't do right or wrong, no matter what.
I have money in Morgan stanley, I had to roll it over to IRA when i lost my job and i didn't have a 401k to keep feeding on my new job. How can i get my money out of my IRA back into my 401k of my latest employer? I have not been impressed with my morgan stanley account as they just charge me more a month than i make in investments. Also the political crap morgan stanley plays i won't be feeding them anymore $.
This is the biggest crock of nothin' I have ever seen. Greenspan has nothing to do with the deficit, he has nothing to do with congressional policy, he has everything to do with maintaining orderly markets and taming inflation and unemployment. What a bunch of BS!
According to Factcheck.com, Roach supported Kerry's position of the dire economy given in Kerry's acceptance speech. With that being said, Mr. Roach lives in an unreal world. It's like he wants the doom and gloom. Wonder if we follow the money, where it will lead.
All you have to do is contact your 401(k) provider and get them to transfer your IRA assets into your 401(k). As is the norm, you will have a rep who put your 401(k) into place, took the commission and said ciao. But there will be a broker/dealer somewhere who is in charge. Just raise a little hell and it will get done.
Ok, But it is MY money and they can't complain about where i put it. Do i need to provide my 401k provider with account information? Thanks i appreciate it, I feel better already :)
Given Morgan Stanley's support of the Klinton Administration and their momentous dot.com scam, I wouldn't hire Mr. Roach to shovel the crap in my daddy's horse pasture. And from reading this article, the guy knows how to shovel it!!
That the sky is falling. LOL
I know your question is legitimate but listen, if someone really knew when housing prices will fall do you think they would tell you? Just like: if a stockbroker really knew what a stock will do why would he tell you just to make a commsission? Why wouldn't he just buy it for himself?
So everyone is going to stop working and just die of starvation all our natural rescources have dried up?
You have been playing monopoly too long!
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