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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Zeev Hed who wrote (2768)	12/29/2000 12:39:14 AM
From: Hawkmoon	Read Replies (1) of 3536

I can understand Bush, he is not too smart, but Cheney? Two reasons... the primary one is to cover his @ss so he's on the record about the slowing economy occurring BEFORE he took the reins. After all, look what happened to his father in 1992 when the democratic cry was "It's the economy, stupid!". They road on the coattails of an economic recovery already in place. Bush Jr. wants to make sure the US public recognizes the irony, as well as the problems the clinton/gore administration has left on his shoulders (like soaring energy prices). The secondary one is, I believe, a two pronged intellectual attack on AG and the Fed, who believe the US cannot support higher growth and low inflation in combination. Paul O'neill appears to be quite telling in this regard as he personally holds such a belief and he has been AG's friend for many years. Final point... if the government politicians are only going to spend the surplus anyway (tough to justify placing additional pressure on an already tight market in US bonds paying down debt), then why not give it back and left people use it as they see fit. The government knows even less about how to make that money grow than the US public. Btw, did you see how Clinton claimed we would be debt free in 2010? What a sleazy bastard!! Why would anyone wish to hold US dollars if they have no safety or liquidity in US government bonds? Where will the world park it's extra capital? I'll be the first to admit I haven't fully thought out the ramifications of a what a debt free US government would mean to our economy or USD... But more than likely, I'll never be faced with such a situation. Regards, Ron

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