Christian said, in reaction to a paragraph of mine (also quoted):
>> Our point, in the "Implosion..." paper was not that debt/ income ratio is
>> guiding consumers, but that such indicator ought to inform economists and
>> policy-makers of the risk of letting things going this pace.
>
>So, in yo
>
> Our point, in the "Implosion..." paper was not that debt/ income ratio is
> guiding consumers, but that such indicator ought to inform economists and
> policy-makers of the risk of letting things going this pace.
>
So, in your view, an increase in saving, at this point (or a recalibration
of
Jim, most of the reports on the Japanese real estate bubble concerned
Tokyo. I am not sure if Bay Area real estate did not escalate a
comparable rates. Recall the Palo Alto one-bedroom fixer-upper that sold
for $1.25 mill. on a small lot.
On Fri, Jul 27, 2001 at 11:28:33AM -0700, Jim Devine wro
Alex wrote:
>IMHO, the probable thing, and at the same time unprecedented in its depth
>(would this merit the qualification of "improbable"?), would be a recession
>scenario, of drastic and painful consequences (and not equally distributed,
>neither domestically nor across the borders).
also, the
I'm sorry if I was not clear in what I wrote. I only meant to indicate that the
article gave the impression that the boost in consumer spending was based on
something real, ignoring that the real estate prices were part of a bubble.
Alex Izurieta wrote:
> Yet, I am not sure whether I understand
Hello,
I am trying to contribute to two separate issues in one email; forgive me if
this is not allowed.
TAX CUTS and expansion / recession
Thanks to Tom Walker remarks (and epilogue below). I broadly agree.
We know one thing: business as usual ain't going to cut it. The probable is
no longer p
