Path: news.ccsf.jp!tomockey.ddo.jp!border1.nntp.dca.giganews.com!nntp.giganews.com!newshub.sdsu.edu!newsfeed.stanford.edu!news.stanford.edu!not-for-mail From: mtfester@netMAPSONscape.net Newsgroups: fj.life.in-japan Subject: Re: Pushing on a piece of string Date: Mon, 22 Dec 2008 17:40:42 +0000 (UTC) Organization: Subtlties R'nt Us Lines: 25 Message-ID: References: <2cc55ece-0a0b-4fb1-bae0-df2ff9b40471@r36g2000prf.googlegroups.com> <0ba196f8-f129-48d3-a233-111235036769@m4g2000vbp.googlegroups.com> Reply-To: mtfester@netscape.net NNTP-Posting-Host: haven.eyrie.org X-Trace: news.stanford.edu 1229967642 32219 166.84.7.159 (22 Dec 2008 17:40:42 GMT) X-Complaints-To: news@news.stanford.edu User-Agent: tin/1.9.2-20070201 ("Dalaruan") (UNIX) (Linux/2.6.18.8-xen3-U-pae (i686)) Xref: news.ccsf.jp fj.life.in-japan:167800 Declan Murphy wrote: > On Dec 20, 10:26?pm, "John W." wrote: > > On Dec 18, 10:17?am, 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. 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. This has been going on for a couple decades. The rest of the world is only now figuring it out. In any event, the US economy doesn't depend on exports to the US as much as most other economies do, so they're likely to come out of this in better shape, if a couple fundamental issues are addressed. Mike