Path: news.ccsf.jp!tomockey.ddo.jp!border1.nntp.dca.giganews.com!nntp.giganews.com!postnews.google.com!t3g2000yqa.googlegroups.com!not-for-mail From: "John W." Newsgroups: fj.life.in-japan Subject: Re: Pushing on a piece of string Date: Mon, 22 Dec 2008 05:22:28 -0800 (PST) Organization: http://groups.google.com Lines: 30 Message-ID: <69904e0b-1f36-4ebf-bff4-da64a4a62576@t3g2000yqa.googlegroups.com> References: <2cc55ece-0a0b-4fb1-bae0-df2ff9b40471@r36g2000prf.googlegroups.com> <0ba196f8-f129-48d3-a233-111235036769@m4g2000vbp.googlegroups.com> NNTP-Posting-Host: 170.138.0.11 Mime-Version: 1.0 Content-Type: text/plain; charset=ISO-8859-1 Content-Transfer-Encoding: quoted-printable X-Trace: posting.google.com 1229952149 23283 127.0.0.1 (22 Dec 2008 13:22:29 GMT) X-Complaints-To: groups-abuse@google.com NNTP-Posting-Date: Mon, 22 Dec 2008 13:22:29 +0000 (UTC) Complaints-To: groups-abuse@google.com Injection-Info: t3g2000yqa.googlegroups.com; posting-host=170.138.0.11; posting-account=d_4qMQkAAAAoC3cPt9leEr6UZXdXfvYA User-Agent: G2/1.0 X-HTTP-UserAgent: Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727; .NET CLR 3.0.04506.30; .NET CLR 3.0.04506.648; InfoPath.2),gzip(gfe),gzip(gfe) Xref: news.ccsf.jp fj.life.in-japan:167798 On Dec 22, 3:01=A0am, Declan Murphy wrote: > On Dec 20, 10:26=A0pm, "John W." wrote: > > > On Dec 18, 10:17=A0am, Declan Murphy wrote: > > > > Shit. I really hope that the US Fed, ECB, BoJ and other central banks > > > can remember how to spell "p.r.i.n.t.i.n.g.p.r.e.s.s." > > > We might have to wait until someone with a different agenda sits in > > those offices, at least as far as the US goes. > > Maybe, its a shame the transition is so long, I don't know of any > country where the transistion to a new executive takes many months. Ain't it a great system? At least one state still hasn't completed the vote count for the Senate race. It's 2008 and we still haven't come up with a better system of counting votes than having piles for this person and that person. (and no jokes about having piles) > In terms of avoiding a deeper recession than would otherwise be the case, > I think its too late already. The US in particular seems to have > entered the kind of liquidity trap that I until recently I thought > only existed in economic history and theory. It also looks like we've learned nothing from the Japanese situation. I truly believe that if the government had left things alone it all would have worked out. It would've been painful for some, but on the whole I think we would have come out of it okay. John W.