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An economic Cassandra whose predictions are coming true
IHT ^ | 08/16/08 | Stephen Mihm

Posted on 08/19/2008 12:33:51 AM PDT by TigerLikesRooster

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To: M. Dodge Thomas

Either one of those wouldn’t be so bad if the word “think” were inserted somewhere in there.


21 posted on 08/19/2008 6:28:38 AM PDT by durasell (!)
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To: durasell

Right, but they don’t own us, either.


22 posted on 08/19/2008 9:55:15 AM PDT by rlmorel (If they can call George "Dubya", we can call Barack "Hussein")
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To: Candor7

You are saying one lone economist can by himself, solely from whole cloth, make a depression a self-fulfilling prophesy with his meager words alone? You are TOO funny!


23 posted on 08/19/2008 10:53:24 AM PDT by Freedom_Is_Not_Free
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To: rlmorel
No, they don't own us, but they are one of our major creditors, communities in the U.S. compete all-out for new Toyota plants, and they've taken a chunk of market share from major manufacturing firms. They also own a couple of major media companies.

So while we don't feel the presence of Japan in our everyday lives, they are a major factor in the U.S. economy.

24 posted on 08/19/2008 12:42:18 PM PDT by durasell (!)
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To: Freedom_Is_Not_Free
You are TOO funny!>>>>>>>>>>>>>>>

I have been laughing at myself all day!!!

25 posted on 08/19/2008 1:25:18 PM PDT by Candor7 (Fascism? All it takes is for good men to say nothing, (Ridicule Obama))
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To: Candor7

I have been laughing at myself all day!!!


Don’t worry. I believe you are laughing WITH yourself and not AT yourself.


26 posted on 08/19/2008 1:27:11 PM PDT by durasell (!)
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To: durasell

Japan is not without its own economic and social issues is the point I was making, and I would rather have ours than theirs.


27 posted on 08/19/2008 2:04:17 PM PDT by rlmorel (If they can call George "Dubya", we can call Barack "Hussein")
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To: rlmorel

That’s true and I agree with you.


28 posted on 08/19/2008 2:07:09 PM PDT by durasell (!)
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To: rlmorel

“Funny how things turned out.”

Such as Toyota passing GM in worldwide auto sales.
The US becoming the world’s largest debtor nation in contrast to Japan’s creditor status.
Japan’s continued domination of consumer electronics and other targeted industries.

It’s funny.


29 posted on 08/19/2008 7:42:23 PM PDT by Pelham (Press 1 for English)
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To: sergeantdave

“Misery indexes are more pap spewed out by the leftist press, whose agenda is to destroy the free market and give us collectivism.”

No prize for you. The Misery Index was a Republican club created for the purpose of battering Jimmy Carter. It was the sum of the unemployment rate plus the inflation rate.


30 posted on 08/19/2008 7:49:56 PM PDT by Pelham (Press 1 for English)
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To: Pelham

I stand by my previous statement.

I would rather be a citizen in the USA under our economy than a Japanese citizen under theirs.

Cars and consumer electronics are not the only things that drive an economy, and doing well in those does not mean the be-all and end-all of the well-being of an economy.

But I’m sure you know that.


31 posted on 08/20/2008 12:19:51 AM PDT by rlmorel (If they can call George "Dubya", we can call Barack "Hussein")
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