Subject:
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Re: interest rates & "Economic Health"
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Newsgroups:
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lugnet.off-topic.debate
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Date:
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Tue, 20 Apr 2004 19:53:07 GMT
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Viewed:
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2988 times
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In lugnet.off-topic.debate, Scott Arthur wrote:
Please indicate for me a time when the picture was rosy so that I may compare.
(snip)
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It signifies that prices are low so stuff is cheap, and getting money is
cheap as well.
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No, it signifies there ia zero demand.
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Don’t be so intelligent. I am a consumer. Prices are low. I don’t need to
know about theoretical economic BS that nobody is sure about anyway.
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I am a small business owner, and for me, this is the best economy I have
experienced since I started paying taxes some 30 years ago.
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If real interest rates are the lowest for 30 years, what is the incentive
for me to invest in your economy?
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Borrow money and start a business or buy property!
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The US$ is weak for a reason.
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Don’t be so intelligent. Refinance your home for 4.5% interest. That saves
millions of Americans millions. The dirty little secret is that no one really
knows the reasons for everything. I do know that I save $100s in interest
payments every month with my new loan.
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It has been a
lot worse, and yet it is improving. I know this because the shrill
Democrats aren’t harping on about the economy lately;-)
The one thing that sucks is the price of gas, but since we invaded Iraq
for their oil, I’m sure that that will be coming down any day now.
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Perhaps Iraq will join OPEC once it shakes off Bush?
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How could they do that if we are taking their oil?
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The price of gas should be much higher: it is a finite resource which
causes gross environmental damage.
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No. As it is now it is virtually infinite.
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Production will peak in 5-10 years time.
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You don’t know what you are talking about. And neither does your source.
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By the time the resource is
exhausted, technology will have provided us with an alternative-- an
alternative that was discovered by the free flow of oil to the industry and
economy of the US.
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Will this “alternative” bring back the ice caps?
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You make me think about all of the wonderful quotations of naysayers over the
years about technology. I dislike the attitudes of pessimists-- their
negativity stands in the way of innovators and progress.
JOHN
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Message has 1 Reply:
 | | Re: interest rates & "Economic Health"
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| (...) That is easy, the USA has a boom-bust economy. How about before Bush came to power? (...) Spoken like a true “small businessman”. (...) For those who still have jobs and can afford a home perhaps... As an aside, is the interest on your "home (...) (20 years ago, 20-Apr-04, to lugnet.off-topic.debate, FTX)
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Message is in Reply To:
| | Re: interest rates & "Economic Health"
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| (...) Hardly a rosy picture! "Fewer jobs at home. No pension protection. No health care plan. Gambling the future of Social Security and Medicare" "The Labor Department said the nation's unemployment rate had edged up from 5.6 to 5.7 percent in (...) (20 years ago, 20-Apr-04, to lugnet.off-topic.debate, FTX)
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