New US Economy Policy 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.

Strategies & Market Trends : New US Economy Policy

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Arthur Tang who wrote (265)	3/24/2001 5:55:52 AM
From: Arthur Tang	Read Replies (1) of 435

The build up of this new economy is in the discretionary income? Or is it what new gismos we have in the future to take people's loose change? Deflationary economy free up loose cash from our citizens to buy some thing interesting. The manufacture of that something interesting created jobs in manufacturing and distribution. It was that simple. When mortgage rates come down, the loose change builds our new economy. That something interesting is the planned obsolescence and replacement. Greenspan did his part of lowering mortgage rates. But Fannie mae has to be budgeted more to write more low rate mortgages. And we have to plan more playstation2(10 million so far) or start subscription wireless digital TV with billions of channels in the next two years. The economy is build on deflationary trend, when productivity lowers costs. It is not small tax refund that can be enough to pump the $14 trillion economy. When your federal budget runs deficit then later you have to raise taxes to provide services to the citizens. Using the $60 billion social security surplus to give them to the 1% rich and famous is all terribly wrong policy. The rich already had everything they ever wanted and will not spend into the economy. Central planning of our new economy had done all this growth of our economy before, and is fully in control of this temporary slow down caused by the interest rate fiasco exercised by Greenspan in his illegal experiment of economical adjustment by going to 6.75% interest rate to make member banks lose money and squeezed liquidity out of loan capacity. Lack of money for loans created business bankruptcies. Such slow down is remedied by interest rate decrease in mortgage rate, and government should not panic and lower tax rate or foolishly refund good taxes paid in the past or in the future. When will people ever learn to leave things in good hands. Slap away those hands trying to reach into and steal from the till(US treasury). Save our surplus! It is always better to lower the cost of living then to get some free money to spend foolishly.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next