Subject:
|
Re: interest rates & "Economic Health"
|
Newsgroups:
|
lugnet.off-topic.debate
|
Date:
|
Tue, 20 Apr 2004 20:23:10 GMT
|
Viewed:
|
3033 times
|
| |
|
|
In lugnet.off-topic.debate, John Neal wrote:
| |
In lugnet.off-topic.debate, Scott Arthur wrote:
Please indicate for me a time when the picture was rosy so that I may
compare.
|
That is easy, the USA has a boom-bust economy. How about before Bush came to
power?
| |
(snip)
| |
| |
It signifies that prices are low so stuff is cheap, and getting money is
cheap as well.
|
No, it signifies there is zero demand.
|
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.
|
Spoken like a true “small businessman”.
| |
| |
| |
| |
| |
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.
|
If real interest rates are the lowest for 30 years, what is the incentive
for me to invest in your economy?
|
Borrow money and start a business or buy property!
|
The US$ is weak for a reason.
|
Don’t be so intelligent. Refinance your home for 4.5% interest. That saves
millions of Americans millions.
|
For those who still have jobs and can afford a home perhaps...
As an aside, is the interest on your “home loan” fixed over the repayment
period?
| |
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.
| |
| |
| |
| |
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.
|
Perhaps Iraq will join OPEC once it shakes off Bush?
|
How could they do that if we are taking their oil?
| |
The price of gas should be much higher: it is a finite resource which
causes gross environmental damage.
|
No. As it is now it is virtually infinite.
|
Production will peak in 5-10 years time.
|
You don’t know what you are talking about. And neither does your source.
|
OK, tell me where this is
wrong.
| |
| |
| |
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.
|
Will this “alternative” bring back the ice caps?
|
You make me think about all of the wonderful quotations of naysayers over the
years about technology.
|
You made me think of this quote:
“Current oil prices are artificially low, too low to spur private investment in
technologies that appear to have only a long-term payback. The price of oil,
even at prevailing (temporarily high) prices, fails to reflect many of the
social costs of producing and burning it.”
| |
I dislike the attitudes of pessimists-- their
negativity stands in the way of innovators and progress.
|
...and without being realistic we can not plan for thr future.
Scott A
|
|
Message is in Reply To:
 | | Re: interest rates & "Economic Health"
|
| (...) Please indicate for me a time when the picture was rosy so that I may compare. (snip) (...) 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. (...) (...) (20 years ago, 20-Apr-04, to lugnet.off-topic.debate, FTX)
|
97 Messages in This Thread:
 
 
- Entire Thread on One Page:
- Nested:
All | Brief | Compact | Dots
Linear:
All | Brief | Compact
|
|
|
|
