Re: Economy

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Date: Mon Oct 28 2002 - 12:35:21 EST

  • Next message: ytsejam@torchsong.com: "YTSEJAM digest 6353"

    >Subject: Re: Economics (NDTC at all)
    >
    >First of all, why by the end of the year, or shortly after?
    >Because that's when most of the financial institutions draw
    >bottom lines. Also, spending season will be in full force, and
    >for financial aggregates, that just might be the straw that
    >breaks the camel's back, considering the sizes of the
    >speculative bubbles. Stuff like that.
    >
            I've deleted the details about the current situation, which
    were informative. Thanks. At one point you say that other people
    think we may enter "a new dark age." Is this your feeling as well?
    If so, what do you see happening at the end of the year to mark
    it? Or, is it a gradual worsening of current conditions?
            You say that we have to revamp the current system. How can
    we solve these systemic problems you mention?

                                    Steve



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