Quote:
Originally posted by IMX@Jan 31 2003, 12:17 PM
1.) Against terror
2.) Against rouge nation states--specifically we go to a "quick war" against Iraq to avoid a real prolonged potentially nuclear war against N. Korea.
3.) Domestic popularity
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IMX - Good post
Must agree that getting rid of Saddam would be a good thing both short term and long term.
Made me wonder if we are just at the beginning of a long period with major conflicts in key regions. This could mean that overall stock markets will continue to suffer.
The dollar have already lost 20% value to the Euro in just 1 year - which isnīt that bad for the US export. However if people around the world are going to spend less money on bigger products/investments, then the US will suffer, and the tax cuts could have less effect.
Interest rate is very low at the momment, however people will not lend/spend big money as long as the future look uncertain, so national banks around the world are having tons of money in their vaults...
Its so bad in Japan that the interest rate went below 0% a few days ago (-0.01%),
meaning a bank that borrowed money would have to pay back less the next day! (Japan have alot of other problems beside people not wanting to loan, but asian countries/markets are usual those who will see growth first, then the rest of the world follows).
N. Korea is very close to all of key countries in Asia, and a war with N. Korea would be extreamly bad, since N. Korea could attack any country in that region with nuclear weapons (ex. they have been testing missiles able to carry nuclear warheads near Japan).
I also think that the Bush goverment is thinking long term (or atlest I hope so), and that they have made plans for both the mideast and asia. Bush will probably be in power for the next 5 years, so time will tell...
Last edited by Rolo at Jan 31 2003, 08:33 PM