Money doesn't make Class

[350HP930]

As far as the economy goes, private debt is just as critical as the federal debt. There are only so many pockets out where that loan money can come from and both private and public debts are fighting for it.

I guess in fints super duper financial education they forgot to bring that up.

[fintstone]

Originally posted by cool_chick
THERE YOU GO AGAIN! Twisting, changing what was said!

......

2. The original premise was the increasing deficit plays a part in decreasing the value of dollar.

*****
10-24-2004 02:01 AM
You do realize this type of fiscal politics is very damaging in the way of the value of the dollar/inflation, etc...right?
*****

You're out of control.

I can only respond to what you actually post:
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Originally posted by cool_chick
The massive U.S. Federal deficit, the equally massive U.S. trade deficit, and attempts by the government to stem the flow of manufacturing jobs to low cost economies all conspire toward even lower value for the U.S. dollar.
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[cool_chick]

Originally posted by fintstone
I can only respond to what you actually post:
--------------------------------------------------------------------------------
Originally posted by cool_chick
The massive U.S. Federal deficit, the equally massive U.S. trade deficit, and attempts by the government to stem the flow of manufacturing jobs to low cost economies all conspire toward even lower value for the U.S. dollar.
--------------------------------------------------------------------------------

And you get THIS from my post:

Your original premise was that the decreasing value of the dollar was increasing the deficit.

LMAO

You're silly.

[fintstone]

Originally posted by 350HP930
As far as the economy goes, private debt is just as critical as the federal debt. There are only so many pockets out where that loan money can come from and both private and public debts are fighting for it.

I guess in fints super duper financial education they forgot to bring that up.

It was not germane to the discussion....clearly a shortage in money for loan would increase interest rates...not cause them to be at record lows.

Oh...you have an MBA too? I'll match my education in economics with your's anytime.

[tabs]

You people almost had it....but again you miss the forest for the trees of partisan politics....go back to the charts posted and take a look at WHEN all the debt of the USA began to pile up....1975. The USA is borrowing more and more to stay afloat....the tax laws promote SPENDING instead of saving and have done so since Kennedys Administration...funny but it took only 10 years for the USA to go thorugh it's savings and for the debt to start piling up...

Another point that is missed how much of that debt is on RE specfically Home Mortgages?

I think America is trying to live a life style we can't afford due to increased competition in the world. That the engine of economic activity is now based on the US consumer SPENDING and going into debt...This is a vicious circle....We keep spending and borrowing and the people we owe can't cut us off because they would be outa work, becausse they make the stuff we buy...

One thing can be certain though the party will come to an end sooner or later...

[fintstone]

Originally posted by cool_chick
And you get THIS from my post:

Your original premise was that the decreasing value of the dollar was increasing the deficit.

LMAO

You're silly.

I guess I needed to post more of what you said to view it in context:

quote:

Originally posted by cool_chick
(1) The U.S. dollar has fallen in value more than 40% during the past two years relative to the Eurodollar. The decline continues and international investors who hold $4.6 trillion in U.S. treasury bills, corporate bonds and stocks are starting to panic. The massive U.S. Federal deficit, the equally massive U.S. trade deficit, and attempts by the government to stem the flow of manufacturing jobs to low cost economies all conspire toward even lower value for the U.S. dollar.

If I am mistaken regarding the point you were making...I apologize.

However; if you are saying that a large deficit tends to decrease the value of the dollar...I can buy that. But then, what is your complaint regarding a weak dollar? A weak dollar is a good thing when trying to keep jobs from going overseas.

[SLO-BOB]

This is a test............

[fintstone]

Originally posted by Sebring77
Holy Cow Tabs! I agree with every damn word you said!

Fact is, both sides have lots of facts, figures and charts that support their side. It's very hard to sift through the mountains of information to find truly factual evidence.

My choice is based on simple truths that charts can't touch:

1-It's wrong to send US jobs overseas.

2-My personal belief is that the aggression against Iraq is wrong.

I'm voting for the guy that agrees with me.

I agree with Tabs also....and everything you posted except #1 and #2.

[tabs]

This is not a Partisan issue but a Systemic one...that transcends both political parties....

Tax laws need to changed to promote savings and investing but the other edge of the sword is ..that if we cut spending the engine of economic growth slows....Both political parties don't want to deal with the issue, because there is no easy answer that doesn't involve pain...Americans are living a lifestyle WAY beyond their means....we're the best and we deserve it....instant gratification....this wasn't the NORM 50 years ago...the meantality then was if you can't pay for it with cash you don't buy it...With the rise of Credit Cards in the 1960's and 1970's we found we can have it today and pay for it later....which is fine if your wages are on the rise...however with the increased competition in the world the reverse is true our wages are decling..coming more into balance with the rest of the worlds...we are overpaid in comparison..so is it any wonder a company will take it's business to a place that that offers it a better bottom line....it only makes good business sense....

Another point which I am only going to allude to and that is Globalization...or the decline of the Nation State

Secondly here is the state that American eductaion is in with regards to staying competive in the world.. Andy Grove the CEO and Chairman of Intel thinks that the USA is going to lose it technological edge with 10 years to CHina, India etc simply because so many more of their students are taking Science and math courses than Americans who seem to feel that they don't have to work hard anymore because America has made it the land of mild and honey.....sorry charlie...but it's only a matter of time when you wake up and find yourself living in a trailer park watching the Ball game on TV while drinking a beer, and collecting your welfare check while all the jobs have gone yonder...

[cool_chick]

Originally posted by tabs
You people almost had it....but again you miss the forest for the trees of partisan politics....go back to the charts posted and take a look at WHEN all the debt of the USA began to pile up....1975. The USA is borrowing more and more to stay afloat....the tax laws promote SPENDING instead of saving and have done so since Kennedys Administration...funny but it took only 10 years for the USA to go thorugh it's savings and for the debt to start piling up...

Another point that is missed how much of that debt is on RE specfically Home Mortgages?

I think America is trying to live a life style we can't afford due to increased competition in the world. That the engine of economic activity is now based on the US consumer SPENDING and going into debt...This is a vicious circle....We keep spending and borrowing and the people we owe can't cut us off because they would be outa work, becausse they make the stuff we buy...

One thing can be certain though the party will come to an end sooner or later...

I have to agree with you there. I also feel that what really needs to be done is a revamping of spending in government. I think too much money is wasted. If our government was held responsible for it's spending, we would have all the services covered, taxes would be dropped, and the deficit would greatly decrease.

That's why I liked Perot.

[tabs]

Ok ....thats understandable....NOw I think again the problem is systemic...based on a faulty belief...that the well of money is bottomless and both political parties can drink at the trough of excess...we in the USA have gotten used to having all these services because we can afford it...instead of looking around and saying hey maybe we can't afford to take every child with us...we can't afford to help every last soul on the planet...WE HAVE LIMITATIONS...and have to choose wisely...but thell that to a Politican...none of them want to tell you the truth that there are HARD choichs to be made...they owuld rather lie to you to get reelected that everybody can have everything....well the poor planet is telling you we are allredy running on empty and not nearly everybody has theirs yet...

[cool_chick]

Originally posted by fintstone
... if you are saying that a large deficit tends to decrease the value of the dollar...I can buy that. But then, what is your complaint regarding a weak dollar? A weak dollar is a good thing when trying to keep jobs from going overseas.

This is true...it also tends to reduce the trade deficit, but fears are as such:

- Foreign nations we rely on to finance the U.S. budget deficit less apt to buy Treasury securities. The reason: a falling dollar reduces their returns when they translate their gains back to their home currency, so they might demand a higher premium to compensate them for the currency risk, which would result in higher U.S. interest rates.

- making exports to the U.S. more expensive and thus increasing the price U.S. consumers must pay for those goods, a weakening dollar can lead to higher inflation.

- More expensive exports from euro-zone countries may hurt foreign businesses that export products to the United States, thus threatening the fledgling economic recoveries in various European countries and Japan. Ultimately, stronger economies in Europe and Japan help the United States because a good number of American companies depend on those nations to buy their products and services.


summary: higher interest rates, higher inflation, Carter days.

[tabs]

So your saying that we are in a world of hurt here? The USA has always been a safe haven for capital in the world...a stable economy and political system...there can't be too much said for transparency in business and government when it come to financial dealings...if either one of those things I outlined have chnaged then foreign capital will be at the least hesitant to cmoe to our shores....

Further the US Dollar acts as the Foreign Reserve ZCurrency for the world....and we do manipulate the **** out of the perks we have from having that status...the world must dance to our tune even if it means jumping off the financial cliff for them...maybe not that bad but close..

[cool_chick]

I'm saying we're not heading in a very good direction......no world of hurt yet. But it can happen.

[tabs]

I agree....

[SLO-BOB]

This is a test............