|
View previous topic :: View next topic
|
| Author |
Message |
SDR
millennium club
Joined: 02 Oct 2004
Posts: 1716
Location: San Francisco
|
 Posted: Fri May 20, 2005 6:48 pm Post subject: "Cheap foreign loans" |
    |
|
Paul Krugman spells out the curious irony of China's monetary policy, and Administration criticism of it on "humanitarian" grounds -- while that policy is fueling the American economy -- for now.
www/nytimes.com/2005/05/20/opinion/20krugman.html?th&emc=th
SDR
_________________
"I'm the commander . . . see, I do not need to explain why I say things. That's the interesting thing about being the president. Maybe somebody needs to explain to me why they say something, but I don't feel like I owe anybody an explanation." GWB |
|
| Back to top |
|
 |
SDR
millennium club
Joined: 02 Oct 2004
Posts: 1716
Location: San Francisco
|
| Posted: Fri May 20, 2005 6:50 pm Post subject: |
|
|
www.nytimes.com/2005/05/20/opinion/20krugman.html?th&emc=th
_________________
"I'm the commander . . . see, I do not need to explain why I say things. That's the interesting thing about being the president. Maybe somebody needs to explain to me why they say something, but I don't feel like I owe anybody an explanation." GWB |
|
| Back to top |
|
|
Kevin
Site Admin
Joined: 13 Apr 2004
Posts: 1138
Location: Eugene, Oregon
|
| Posted: Sun May 22, 2005 12:06 pm Post subject: |
|
|
From the article:
"Here's what I think will happen if and when China changes its currency policy, and those cheap loans are no longer available. U.S. interest rates will rise; the housing bubble will probably burst; construction employment and consumer spending will both fall; falling home prices may lead to a wave of bankruptcies. And we'll suddenly wonder why anyone thought financing the budget deficit was easy."
Yup. "We" will wonder about that... |
|
| Back to top |
|
|
SDR
millennium club
Joined: 02 Oct 2004
Posts: 1716
Location: San Francisco
|
| Posted: Sun May 22, 2005 12:48 pm Post subject: |
|
|
It's a terrible feeling, to be in one's sixties, to see the "world falling apart," and to wonder how many have little or no idea of what is upon us -- has it always been thus?
SDR
_________________
"I'm the commander . . . see, I do not need to explain why I say things. That's the interesting thing about being the president. Maybe somebody needs to explain to me why they say something, but I don't feel like I owe anybody an explanation." GWB |
|
| Back to top |
|
|
Richard Haut
millennium club
Joined: 18 Apr 2004
Posts: 1152
Location: Nice, France
|
| Posted: Mon May 30, 2005 3:44 pm Post subject: |
|
|
Recently I read somewhere about the notion that America changed on 9.11. What was added was chilling: somebody just wrote: did it ?
_________________
Richard Haut has worked with the architectural profession for over 25 years and produces the weekly Richard Haut's Competitions, which has given architects details of many thousands of projects for which they can apply across Britain and Europe. |
|
| Back to top |
|
|
|
blogger
del.icio.us
digg
slashdot
