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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (5905)7/16/2001 6:41:18 PM
From: Maurice Winn  Read Replies (1) of 74559
 
Okay, so I've expanded Jay's metaphor for war in the markets and financial mayhem, with his sniper-scope lining me up, into the real thing.

But that's okay by me since you seemed to agree that war is economically productive.

You deny that now?

And of course I don't really think you and Jay pray for war. I'm prone to using figures of speech, irony and all sorts of stuff too. But underlying the words and fun, there is real, 3D stuff going on.

If in passing, I need to shoot down an insane idea which I think you genuinely hold, you better duck!

Mqurice

PS: Here is your original metaphor, figure of speech or whatever, which made me hit the 'launch nuke' button:

<>>Do you know when FDR began a stepup in defense spending?<<

No, but I expect that it wasn't until after Germany invaded France, in 1940 - and we were certainly not prepared for World War II before Pearl Harbor, but we got there fast.

Everyone knows that wars are good for the economy - the government pumps money into the economy, usually through deficit spending. I don't know if Keynes ever actually came out and said it this way, but deficit spending counteracts recessions, without spending the money on war. Why spend the money on war if you don't have to?
>
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