Dear Stephen: ... The proposition is predicated on bedrock monetary ideas that David Hume and others translated into the classical Quantity Theory, namely,...
2640
AMI
ami@...
Dec 29, 2000 6:41 am
Dear Henry, Randy, Gunnar, James: Focusing only on the technical picture(ie ignoring the effects of a crash) of the U.S. $ vs the Euro, one could expect the...
2639
Henry C.K. Liu
hliu@...
Dec 29, 2000 4:33 am
California's Utility Rate Crisis Could Become Fed's Headache By Noam Neusner Washington, Dec. 27 (Bloomberg) -- It's pretty clear why California Governor Gray...
2638
Henry C.K. Liu
hliu@...
Dec 28, 2000 4:08 pm
This was sent to me by Cui Ziyuan, a political scientist at MIT. At July 1999 found at: http://www.inwo.de/archiv.htm Werner Onken A Market Economy without...
2637
Joseph Hyde
josephhyde@...
Dec 27, 2000 10:47 pm
I Think this may not have gotten through so Im sending it again. Rgds Joe ... From: Joseph Hyde, 114036,3617 To: gang8, INTERNET:gang8@egroups.com Date:...
2636
Wray, Randall
wrayr@...
Dec 27, 2000 7:40 pm
henry but how much of china's total trade is in dollars? doesn't matter whether the exports go directly to the usa; what is important is that there is a huge ...
2635
Henry C.K. Liu
hliu@...
Dec 27, 2000 7:11 pm
... See also today's WSJ (Dec 27) front page story on Raw Deals - Companies quietly use megergers and spinoofs to cut worker benefits. ... This need is getting...
2634
Wray, Randall
wrayr@...
Dec 27, 2000 5:22 pm
geoffrey good points on the pension funds; i think you are right, of course. they should prove to be vastly underfunded; i expect there will have to be a...
2633
Gunnar Tomasson
tomasson@...
Dec 27, 2000 4:26 pm
James: ... ********** For the past quarter century, I have been of the view that, as and when - not IF - the world community is faced with collapse of...
2632
Ggard97342@...
Dec 27, 2000 1:55 pm
27 December 2000 Free Trade, with reference to James remarks of 20th dec 00. Logically free trade only makes sense when all the world's currencies are being...
2631
schulte-baeuminghaus
cresscourt@...
Dec 27, 2000 11:49 am
Gunnar, I think you are right. It is extremely difficult and hazardous to predict where the dollar will go - and where it will end. It is equally difficult to...
2630
Henry C.K. Liu
hliu@...
Dec 27, 2000 4:45 am
Randy, The euro has now risen about 7 cents, or a little over 8 per cent, from its low point against the dollar three weeks ago. A consensus is growing among...
2629
Gunnar Tomasson
tomasson@...
Dec 26, 2000 6:48 pm
My two cents' worth: As and when post-Bretton Woods world monetary arrangements come crashing down, ALL bets are off - the U.S. dollar can go either way. And...
2628
Henry C.K. Liu
hliu@...
Dec 26, 2000 6:31 pm
Randy, I agree. I was trying to point out that the money supply is dominated by the bebt securitization market, totally outside of the control of the Fed. It...
2627
Wray, Randall
wrayr@...
Dec 26, 2000 6:08 pm
henry even bush's tax cuts will help--the rich are heavily indebted and need a tax cut bail out to keep them from defaulting. that will help keep up the mkt...
2626
Wray, Randall
wrayr@...
Dec 26, 2000 6:02 pm
joe: thanx for your comments; note i've changed the subject header above! henry a) the financial and real crisis will almost certainly be WORSE outside the...
2625
Henry C.K. Liu
hliu@...
Dec 26, 2000 5:47 pm
Randy, Stephen, Wait till the drop of imports to the US (due to the market crash and the reverse wealth effect) slows the inflow of recycled dollars from...
2624
Wray, Randall
wrayr@...
Dec 26, 2000 4:59 pm
henry i didn't get time to read all of this carefully, but got thru the first half. the main problem with it is that it perpetuates the notion that the fed...
2623
Wray, Randall
wrayr@...
Dec 26, 2000 4:14 pm
stephen i agree that the $ will be the safe haven in the crash that has already begun. all other currencies are just leveraged dollars, externally. internally,...
2622
Henry C.K. Liu
hliu@...
Dec 26, 2000 5:02 am
The New York Time (Jonathan Fuerbringer Sunday Dec. 24, 2000) reported that according to chief economist John Youngdahl of Goldman Sachs, even with a...
2621
Henry C.K. Liu
hliu@...
Dec 26, 2000 2:06 am
James: Australia's US ambassador Michael Thawley: "A stronger and more prosperous Australia will be a better partner for Asian countries and our economic links...
2620
AMI
ami@...
Dec 26, 2000 12:56 am
Why a crash does not mean a weak $ Dear Gang: One thought regarding the recent crash discussions on gang 8, and on the US Dollar falling as an integral part of...
2619
AMI
ami@...
Dec 26, 2000 12:56 am
A merry Christmass to all ! Stephen Z...
2618
schulte-baeuminghaus
cresscourt@...
Dec 24, 2000 8:46 am
"If the Old Economy was an automobile, the New Economy is an airplane. In an automobile, if anything unexpected happens, the natural and correct response is to...
2617
Joseph Hyde
josephhyde@...
Dec 23, 2000 4:11 pm
From Joe to Gang8, Ive been preoccupied with business and SES affairs and had no time to get back into the dialogue with you all since back in November. Ive...
2616
Henry C.K. Liu
hliu@...
Dec 23, 2000 2:12 am
It seems the one thing the ermerged from the discussion on the relationship of interest rate to inflation is that clear defintions of economic condition are...
2615
Wray, Randall
wrayr@...
Dec 21, 2000 8:56 pm
henry yes, it is disgusting how the democrats are fighting the tax cut tooth and nail, and ignoring all the obvious evidence. randy...
2614
Henry C.K. Liu
hliu@...
Dec 21, 2000 8:45 pm
The battle of the Clinton Recession is officially on. Gene Sperling is on CNBC live to accuse the Bush Team of talking down the economy, by claiming the 48 out...
2613
Henry C.K. Liu
hliu@...
Dec 21, 2000 8:27 pm
The theme of Thomas Frank's new book is not profound, but it is timely. I should not comment on the book since I have not read it, but I can comment on the...
2612
Ggard97342@...
Dec 20, 2000 9:17 pm
In a message dated 18/12/00 16:06:44 GMT Standard Time, aisaac@... ... Alan's maths are obviously indisputable, and supported by the empirical ...
