Posted on 02/03/2005 8:40:47 AM PST by Paul Ross
I also gave you 2004 figures...all to debunk your *claim* that wages weren't increasing.
Expressed in 1982 Dollars, that weekly rate had further INCREASED to $279.68 by 2004. http://data.bls.gov/cgi-bin/surveymost
Get it. Your claim. Debunked. Again. There's a pattern here...
Same thing was said about the catastrophe theory people who warned about the statistical risk with the known flaws in the shuttle program design. They predicted a calamity of around 1 in 20 launches. When we go long stretches of success, we mistakenly assumed we are immune to the probabilities. It ain't so, as we learned tragically with Challenger, and Columbia. Same thing with the economy. We have a whole generation of stock managers whose only experience is with markets, and economies, that grow. Hence, they don't understand why we can't allow hemmorhaging at these levels. They don't understand the limits to the underlying industrial economy that underpins the whole thing.
The euro started out at $1.20. It has been hovering around there.
It seems to me the buffets et al are taking advantage of the former weak euro policy. Who is gaming who?
Nope. Get out of the rain. You're soaked.
Yeah, that whole Crash of '87 and Internet Collapse of 2000/2001 was completely missed by today's generation...
< /mocking! >
Yes, inflation is a cruel tax. Most people are blind to the true cause of inflation- the ole printing press. 1913 was a terrible year for Liberty and Capitalism. Bush has to convince Congress for "real" cuts. It would be nice if 20% of all federal desk workers were shown the door and their pensions revoked. Oh, but that will only happen in Fantasyland.
The new Viper looks like a Miata. Feh. Ick.
The new Corvette rocks, on the other hand!
Anyways, the crash coming is a whole order of magnitude beyond. Think exponentially.
Correct, the government contracted the money supply by 1/3 after the 29 crash. Milton Friedman has proved that the government was the cause of the Depression. It is government interference in economic matters that always makes ALL problems worse. I can't remember the book, but he definitely laid out a brilliant expose of government arrogance. I think he said the Depression would have lasted under three years if the government did nothing. Instead we suffered under FDR and the resulting Socialism of Social Security and the Withholding tax.
I remember the panick mongers who wrote stock market panic books. I remember one which was published with 1990 on the cover, then republished with 1995, and then republished with 1999.
I wonder how much of this is facilitating SPECULATION rather than INVESTMENT.
How many times has the public been suckered by such panic stories? If a money "investment" is hitting the MSM then it is already too late to invest.
We agree. The Fed is raising rates at a time when the dollar is weak, unlike 1999/2000 when they were raising rates and the dollar was extremely strong. However, they still run the risk of inverting the yield curve later this year if they keep on the same pace.
Your data stopped at 1997. Since that time, expressed in constant 1982 Dollars, that weekly rate has further INCREASED to $279.68 by 2004. http://data.bls.gov/cgi-bin/surveymost
that is true, it was the contraction in the money supply after the stock market crash that actually caused the depression. I will give greenspan credit for that - he did not allow that to happen this time after the stock market bubble collapse.
alot of theories flying here - I am only sure of one thing - if china floats the yuan, that will ease alot of problems for the US. we must break the chinese currency peg.
Only in your mind. For the rest of the U.S., we'll all still be laughing at you nonsensical doomsayers for decades and decades to come.
You seem to be so ANGRY.
My prescription: Don't take those DNC "talking points" so SERIOUSLY.
I should hope you would recognize that the FED's plan to slowly raise our interest rates is PROOF that they understand that the liquidity injected into our economy to counter reduced monetary "velocity" after 9/11 is no longer needed. And PROOF that they're doing a good job.
Regarding wages: The daughter of a friend of mine has just completed her MBA. Her old job paid $50K. Her new job pays more than $150K. To me, this proves that people who work to aquire useful knowledge will be rewarded in our dynamic economy. As everyone knows: "no pain, no gain."
And regarding "high-priced health-care": THAT problem will be cured when Congress acts to stop our "malpractice lawyers" from scamming our healthcare "system" at OUR expense. That day is coming soon, IMHO.
You seem to be so ANGRY.
My prescription: Don't take those DNC "talking points" so SERIOUSLY.
I should hope you would recognize that the FED's plan to slowly raise our interest rates is PROOF that they understand that the liquidity injected into our economy to counter reduced monetary "velocity" after 9/11 is no longer needed. And PROOF that they're doing a good job.
Regarding wages: The daughter of a friend of mine has just completed her MBA. Her old job paid $50K. Her new job pays more than $150K. To me, this proves that people who work to aquire useful knowledge will be rewarded in our dynamic economy. As everyone knows: "no pain, no gain."
And regarding "high-priced health-care": THAT problem will be cured when Congress acts to stop our "malpractice lawyers" from scamming our healthcare "system" at OUR expense. That day is coming soon, IMHO.
"You don't understand the currency markets. They didn't 'make' money by buying foreign currencies. They simply avoided 'losing' money by selling their dollars. Everyone who has dollars has lost 23% of their money during the last few years."
Thankyou Monday for a rare moment of clarity.
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