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Politics : PRESIDENT GEORGE W. BUSH
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To: Kenneth E. Phillipps who wrote (536631)2/6/2004 12:55:37 PM
From: AK2004   of 769670
 
Ken
that only proves that many economists are just simple village idiots

let me quote:

'"That would bring down interest rates and drive up bond prices," he added. Bond yields and prices move in opposite directions.'

Did this moron check current rates recently?

'"Kerry (policy) will probably be similar to a Clinton economic policy, which would be more focused on balancing the budget," said Gus Faucher, a senior economist with Economy.com'

cool, the guy does not even know what recession is and how it affects taxes.....

re: "Clearly, the equity market performs better under new administrations," Chan said. His study found that market participants feel a new leader will bring new ideas, driving up stock prices.

once economy started to reverse under Clinton administration it was a pretty clear that severe recession is coming. Mr Chan is proven wrong by example
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