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#51
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Collecting is fun, but nothing is 100 percent sure.
Joe Fischer Joe, do you look both ways when crossing a one-way street? Regards, Tom |
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#52
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Actually, there were no budget surpluses. all the talk of surplus was just
that talk. The federal government continued to spend more than it took in, as evidenced by the continued growth of the federal debt. That's the only really reliable measure of the deficit. "WinWinscenario" wrote in message ... Its seems so obvious, yet there is little empirical evidence to support that contention. Inflation has been quite low, even though the federal deficit has been steadily growing for 20 years now. Actually, inflation was rising rapidly in the '80s when Reagan introduced record deficits. Then the budget deficits stopped growing in the '90s, actually went into surplus for the first time since Kennedy due to some economic brilliance by whatz-his-name. Now we're back to new extremes in deficits. Of course that will have upward pressure on interest rates, because of the increased borrowing, and that will inevitably impact inflation. There really is no free lunch. Regards, Tom |
#53
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#54
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"WinWinscenario" wrote in message ... Collecting is fun, but nothing is 100 percent sure. Joe Fischer Joe, do you look both ways when crossing a one-way street? looking both ways at any intersection is a reasonable precaution. its also appropriate to develop safe habits, even if in a specific case a safe habit may not be necessary. although in this case, there is no telling what some nitwit driver will do. Regards, Tom |
#55
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? "Joe Fischer" ?????? ??? ??????
... Rumors are worth what they cost, especially if they come from DC. Half the world wants dollars, Hmmm.... I was in Romania a few days ago for a short trip and I was astonished to see how fast the people there changed from the dollar to the euro! Since 1977 I had my first contact with this country, *everything* was calculated in US dollars! Now, it seems like the US dollar was never there and everybody is discussing in euros! Same goes for Bulgaria. My wife has a small clothing factory there (200 -220 workers, cheap labor to produce the Levis pants or the Lacoste shirts you wear :-)) and since a few months they were forced to change and calculate salaries instead of US dollars in euros:-) How fast some things change in economy:-))) rgrds -- E' mai possibile, oh porco di un cane, che le avventure in codesto reame debban risolversi tutte con grandi puttane! F.d.A |
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