• ECONOMY IN A REAL DIMENSION (III)

Speaking of a real dimension in the economy, it turns out that the thing began in Europe as it was in US holiday. After continued in the Far East and finally giving the planet its accustomed rounds, reopened Wall Street. It was a meeting almost normal. Instead most of the experts are a little disenchanted; as it has been returned to a "weak" normalcy. It is as if they tell: our data are obstinate but are the facts that are obstinate, not data and as we all know, politicians "invent" the facts.. what we call the "executive".

It seems that the economists are involved a bit by that wise (and ironic) sentence from the journalists: don´t let the facts ruin to you a good story.

This small stock market crisis has shown that Europe wants to go down (Wall Street was closed), and that China wants to go down even further. Actually China was launched to collapse and that is like most "power" than economy. The power generates events (usually very expensive) and the economy only generates data (and the money, of course) which of course are important because they are rational, that is, scientifists if are correct. But experts give the impression of being somewhat myopic, although well paid.

President Bush spoke yesterday of growth but the problem is not the growth: is consumption. If I won a million dollars the first year, does not necessarily have to win a lot more the second year. In fact, I can stay indefinitely for many years earning a million dollars by year... but let´s get back to reality... What happens is that profit and growth are associated but are not a single concept. If my product is good enough for my clients, simply looking for more customers I shall grow.

This is what has happened to US at all universal levels could say, from Coca-Cola to Microsoft, from blue jeans to movies and television, everything has been and is profit and growth.

We are still far from the actual size of the economy, although most have to work like donkeys.

For this reason, in Europe they can tell us that the origin of all evil is the effect of "contagion"from US to Europe. But as I said, on Wall Street, namely in US, was a holiday day.

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