Re: RE: Baker on external debt

2001-12-10 Thread Rakesh Bhandari
Title: Re: [PEN-L:20542] RE: Baker on external debt I have yet to hear a Bushie express anxiety about the trade deficit.  The fact that "foreigners" own more U.S. assets might mean little to the Bushies if they own the foreigners. mbs good point, max. Robert Gilpin has made

RE: Baker on external debt

2001-12-10 Thread Max Sawicky
I have yet to hear a Bushie express anxiety about the trade deficit. The fact that "foreigners" own more U.S. assets might mean little to the Bushies if they own the foreigners. mbs A paranoid thought: what if George Bush's efforts to create a US-dominated world government is an effort to chan

Re: Baker on external debt

2001-12-10 Thread Carrol Cox
"Devine, James" wrote: > > > Another question: do pen-l people agree with Baker that "The cause of the > [2001 U.S.] recession was the collapse of the stock market bubble"? I'd say > that the popping of the bubble was only the _proximate_ cause, as in 1929, > but that the U.S. economy was ridi