Posted on 03/17/2008 6:41:36 AM PDT by Lazamataz
MY son (for whatever reason, lol) wants to go to law school. He is going to study Political Economy if he goes there, which I think is a great field of study. They seem to really have a good liberal arts program, and while most people would say they are very conservative, I think in some ways they are more libertarian, which suits my son’s wiews.
Inprimus is a great vehicle for them to promote the school, I read it as well.
FOFLMAO! Buy Bear Stearns........it’s now a real deal!!!
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Shareholders are getting revved up to sue. It’s in the news
Lawyers are getting shareholders revved up to sue...
I jest, but not entirely . . . just make sure he knows that there is no such thing as "pre-law." Everything is "pre-law" if one knows how to read and write.
I just heard the Swiss Franc passed the US dollar for the first time in history
Yep; I posted an article on that very matter on this thread (post # 122).
So are you saying that before the Federal Reserve charter and before the relaxatioin of banking merger laws we never had boom/bust cycles?
I haven’t been watching that currency; but I was watching the yen....which is trading now about 95 yen to one. I remember back in the late 70’s it was about @220 or 230 to one dollar. An article last night said that the strength of the yen will negatively impact Japan.
It is pretty much a poly sci, economics major. I am trying to get mydaughter to change her major from mathchemistry to geology. Geology majors are getting 100k right out of school and with gold seeming to be the only thing people value right now, I don’t see that changing any time soon.
Yen is larger than Swiss Franc and more interesting especially since Swiss dropped the 40% gold backing for the Franc in 2000. I'll bet they regret that today
Yen is very healthy for obvious reasons. Japs run a very nice trade surplus and are much more economic nationalist than Americans. High yen is hurting them-- they always get through it
each 1 yen change to the dollar costs Toyota 350 million from what I heard. Ouch
Not just them, a lot of our credit is carry-trade from cheap yen at low rates.
Japan has certainly come a very long way from the devastation and havoc back in WWII. The earlier recovery was obviously helped by the US and others, but they have themselves, their policies, to thank for their country’s stability.
I doubt it. If they (the Swiss) don't keep on par with the euro, their exports and economy are toast.
Yeah...that’s what part of the the article focused on...the trade with US and the costs for Americans to buy Japanese.
What’s the current interest rate in Japan? 0.5%?
I doubt it. If they (the Swiss) don't keep on par with the euro, their exports and economy are toast.
Are you telling me the Swiss stopped backing the Franc with gold so Franc could move in sync with Euro?
All I know is currency with 40% gold backing would be in tremendous demand today. And the Franc had that backing for ages, dropped it in 2000
I think this was also addressed in the article....it was late last night and I didn't bookmark it. The commentary had to do with the Asian markets tanking, the strength of the yen, not seen since the late 90's, trade, and how the strength of the yen will negatively affect Japan....I'm certain, now that you bring it up....that credit was mentioned, but I cannot recall with any specificity what was said.
That coupled with their natural taste for hard work and their intelligence brought them to No. 2 economics wise.
The Dow is actually up at the moment. DAMN! WE’RE NOT GONNA DIE!
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