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If prices were artificially high in the first place, did they really lose any money at all?

You are assuming finite demand for exports which is not the case. Take this example: Year 1 - total population of USA (say 300 million) produces 300 million widgets. ***new technology is invented*** Year 2 - total population of USA (say 300 million) now produces 600 million widgets...

Indeed. Unfortunately, when asked he didn't comment. If I had to guess, I would say he could probably get the surgery done more quickly in the USA than Canada.

Luckily for him, being a Premier and all, he can afford the ridiculous cost of having surgery in the USA. Do you think he could do this working as a common man? Not a chance in hell. Also, it says the procedure is not available in Newfoundland, not Canada.

+1

I agree that this is the reason people are afraid of the boom-bust cycle. Fear. Are emotions and fear of the unknown the only reason people don't like boom-bust cycles? Logically, I can see no other reason. Timing becomes critical with violent booms and busts. I am tired of hearing...

Sound familiar?

I've been thinking about this topic for a bit now and have a question hopefully someone can answer. What are the consequences of sharp boom-bust cycles? Take the following: @ year 1, GDP is x amount @ year 5, GDP is y amount In a boom-bust scenario, GDP starts at x in year 1, booms...

You really think China is that stupid? That they keep lending money and not realizing the situation they are in? Americans are not any smarter than any other country. Especially the current administration. Don't think that the USA is pulling a fast one on the world because everyone can see...

Where did you come up with this theory?

+1 BP is in no position to criticize someone else's trading.

Yes I think fact that the EU is growing is the main reason why people believe eventually there will be only one government. I just can't see it every getting to that point. But something crazy like a nuclear war could change everything I suppose.

What about the traders who risked insane amounts on their trades because they had nothing to lose? If you're going to take into account slippage/spread/commission due to demo, then you also have to take into account the different mindset and strategy a trader would have with real money on the...

I don't agree. Throughout history, borders have been redrawn many times. Some nations fail, some nations prosper. Who would be president of this government of the world? Do you Arabs would have a problem being governed by an American? What about how Japan would feel being governed by a...

ET should have an automatic thread deleter that just knows when utter uselessness is posted.

Why do you think a global government is necessary and inevitable?

My opinion is that WW1 is the major event that destroyed the British Empire's economic dominance. You proceeded to come out of the woodwork and tell me how wrong I am. Please, explain how I am wrong. Why is my opinion incorrect? I can provide facts to back up my opinion, but I fear it will...

That should just about cover it all!

As much as I despise feeding flamers, I feel I must respond. 1. Name calling automatically discredits any type of logical argument you may or may not make. (you did not make one by the way). 2. If I am wrong, please tell me why. Since you simply posted a like to google.com and said...

This discussion has taken many twists and turns. A disclaimer never hurts :p