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Strategies & Market Trends : Mu Gamma Lambda

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To: Augustus Gloop who wrote (1923)	7/11/2001 2:14:37 PM
From: MulhollandDrive	Read Replies (1) of 10077

That's a helluva post, Gloop. If I could distill my thoughts down to the bare essentials, 2 things jump out from your post. Interest rates and taxes. Interest rates continue to fall, we don't really know where the leveling off point will be. You need only look at Japan to see that low interest rates alone cannot "fix" a contracting economy. Which brings me to taxes. My opinion is the best "stimulus" for the economy is meaningful tax reform. The current code is a nightmare and tinkering around the edges only creates a new "donor base" for the 2 political parties. One can only imagine the growth that could be unleashed if taxes AND gov't spending were dramatically reduced. If people have less money being confiscated from their earnings, they have more for discretionary spending AND savings/investing. Our government needs to stop stealing us blind, people should be exercised about the TOTAL amount of our earnings that are being withheld and redistributed. The next election cycle should be interesting. This year 2000 was the first year that 401Ks showed a net loss, and 2001 is expected to be the same. 2002 is an election year and if we don't see the much vaunted "recovery" in high gear, it would be my expectation (my hope) that voters vote their pocketbook. I think we're back to the same fundamental question that characterized the first election of Ronald Reagan, which basically is... "who is best able to manage YOUR money, you? or government? I think how the voters answer that question next cycle will set the stage for a new expansion or regression.

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