Impeach George W. Bush Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Impeach George W. Bush

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lazarus_Long who wrote (1683)	2/7/2001 2:04:52 AM
From: TimbaBear	Read Replies (1) of 93284

How can "Republican fiscal irresponsibilty" have any effect on anything yet? The market is a discounting mechanism. Today's news was factored in 3 to 6 months ago. Similarly what the market thinks will happen 3 to 6 months from now is currently being discounted. Right now the market sees Washington in a feeding frenzy over tax cuts based on revenue projections that are highly suspect. Yet the party in power(read Republican)is (at least publicly)doing nothing to address the markets fear of future deficits from today's tax cuts. Markets don't like uncertainty, so they lose confidence and the market drops(or fails to recover). The budget issues that I hear about causing the most concern are: tax cuts that prove to be too steep; vastly increased Government spending on military and prescription drugs and education; lack of fiscal restraint or prudence. Yeah. The market often is wrong. I'll disagree on that. The market is always right, always, by definition.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next