Re: (Partial) response to Michael's plea

["Charles Brown" <CharlesB@xxxxxxxxxxxxxxxxxxxxx>]

Re: (Partial) response to Michael's plea
by michael perelman
07 April 2002 04:27 UTC


I found the Roach article quite interesting.  I suspect that the
dialectic is at work even today.  The US is trying to overcome a number
of contradictions -- Jim D. likes to talk about the 3 bears.

The Clinton good fortune -- low interest rates and low oil prices --
maynot be there for W.  Roach mentions another problem -- the current
account deficit.  I am still confused between Ellen Frank's (optimistic)
and Jane d'Arista's (pessimistic) approaches.

What is really wierd is that no leaders around the world seem ready to
challenge Bush -- even rhetorically.

^^^^^^^

CB: Isn't this because of Bush's openended warmongering rhetoric by which he has potentially declared war on anyplace he decides there is socalled terrorism ? He sounds like a Hitlerian maniac, and probably intends to so sound. I think the leaders of the world fear him. It's like the psychology that Nixon and Kissinger used, making the world think you are insane and might drop the big one.

However, Bush can hold a gun to the head of the whole world for only so long.  When he pulls it away, expect a lot of lunges for independence

^^^^

I wish that we did more thnking about the contradictions facing the US
economy today.
--
^^^^^^^^

CB: Current account deficit, housing market bubble ?, consumer debt "bubble",  Enron generalized confidence skepticism ? , cyclical recession not officially over, trade war in steel, Mideast war impact on oil prices.Combine all these in a Rube Goldberg model.