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19th Century Liberal, 21st Century European -
LoA,Originally posted by Lawrence of Arabia
i disagree. increased productivity is not why the prices are falling. its increased number of suppliers. all of the third world countries are jumping on the export promotion bandwagon (largely due to IMF and world bankpolicies) and now concentrate on producing food. now increased amount of food means falling prices. on top of that, food is price inelastic, which means that as the price falls, people will not buy dramatically more.
this situation has led to too many suppliers in the world, and this is why a lot of them arnt making profits. to keep their electorate happy, governments subsidize them. in the US, 2% of the working population is farmers. buy subsisizing them, we are screwing over the other 98% of america, plus everyone in the third world.
then you talk about hard effects of capitalism. these farmers have so much more than people in the third world, its criminal to say that they need the help more then the people who are starving and dying of disease in the third world.
Most third world countries don't produce enough food for export. Productivity improvements in the US are a reality."When you ride alone, you ride with Bin Ladin"-Bill Maher
"All capital is dripping with blood."-Karl Marx
"Of course, my response to your Marx quote is 'So?'"-Imran SiddiquiComment
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The situation with farming in the developed world is a scandal, I agree. When microscopic special interest groups like the British sugar beet industry can get their way, despite sugar beet being nothing more than a wartime relic, things have to change.
Unfortunately, few governments have the guts to face down the farmers.Comment
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It sounds like the Jews are all heading to Cote d'Ivoire to support those 300,000 troops.Originally posted by Sandman
This thread isn't as daft as the 'Jews leaving France in record numbers', since there is a small problem, as opposed to a miniscule one.He's got the Midas touch.
But he touched it too much!
Hey Goldmember, Hey Goldmember!Comment
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Where do you get that Sikander? BTW even if Sandman doesn't prefers not to admite it there has been a marked increase in anti-semitism in France over the last two years and I would rather try to combat it now while it is small then wait until it possibly becomes much larger. The best time to deal with problems like this is to nip them in the bud and not to ignore them until the become huge problems like some people here have suggested.Try http://wordforge.net/index.php for discussion and debate.Comment
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You see DanS if you measure like with like (something that the US seems to be loathe to do) your guideline does not hold up.
I'm just going with IMF's numbers. If you've got a problem with it, take it up with them.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Originally posted by DanS
You see DanS if you measure like with like (something that the US seems to be loathe to do) your guideline does not hold up.
I'm just going with IMF's numbers. If you've got a problem with it, take it up with them.
Why should I?
You are quoting a 5 month old forecast made by the IMF whilst I am quoting the actual figure.
If you can't be bothered to look up the data then you should not be surprised when people correct you.Last edited by el freako; March 10, 2003, 00:14.19th Century Liberal, 21st Century EuropeanComment
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If you can't be bothered to look up the data then you should not be surprised when people correct you.
I did look up the data. Apparently, the IMF removes those transactions in their calculations for the Euro area.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Let's clear this up once and for all.
Please post a link to the data you are talking about.
here is a link to what I am talking about - although admittedly I have estimated one component of this for Q4 2002 (corporate profits and tax accrurals) - but my previous estimates of this have never been out by more than 0.1% of GDP.19th Century Liberal, 21st Century EuropeanComment
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The World Economic Outlook, September. Pg. 16. Fn. 4.
I recalled that Germany and France came in with higher deficits and lower growth than forecast in September. Either way, their deficits aren't tracking growth by any means, no matter how you peal your apples.
After you brought it up, I checked the NIPA accounts and remarked that on the large difference between the deficit and net lendings. Checking against the IMF, I could surmise that Germany's and France's delta between the two isn't nearly as large.
Edit: You DanS'ed me.I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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Take it outside!!!
We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution. - Abraham LincolnComment
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That's because the figure quoted for France and Germany is net lending - so if you are going to compare like with like you have to use the US government's net lending - not it's stated budget deficit.Originally posted by DanS
After you brought it up, I checked the NIPA accounts and remarked that on the large difference between the deficit and net lendings. Checking against the IMF, I could surmise that Germany's and France's delta between the two isn't nearly as large.
The figure quoted in the IMF release is also net lending.
Have a look at the OECD data (which includes a forecast made just 3 months ago).
Not everyone is as gung-ho as you Ted, we are trying to clear up a misunderstanding amicably - not that i'd expect you to understand amicably thoughOriginally posted by Ted Striker
Take it outside!!!
19th Century Liberal, 21st Century EuropeanComment
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Well I guess you amicabley showed me!
We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution. - Abraham LincolnComment
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nice to see a yankee detection of blatant irony
19th Century Liberal, 21st Century EuropeanComment
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The figure quoted in the IMF release is also net lending.
For all three, or just Europe and France?I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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