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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Yorikke who wrote (4790)10/7/2001 10:53:33 AM
From: Hawkmoon  Read Replies (2) of 33421
 
is more likely to lead to increased share buy backs and other 'financial' manipulation and not run to the pricing of product

Actually, I got sidetracked when I was writing that post and meant to add the following... I also believe there's a possibility that corporations will take these tax cuts and prop up their earnings... which would help to prop up the stock market valuations.

And as for what we will require for deficit spending, I suspect it will be more than that... possibly up to 1/2 trillion, which would effectively wipe out 2-3 years worth of payroll tax surpluses.

As the old adage goes, "If you're going to borrow money, borrow enough"....

I'm just thankful that we were able to keep government spending from exploding over the past 8 years and making the situation worse. We can handle 40-50% debt to GDP ratios, considering how badly off our competitors are in that regard.

I'm still amazed that Japan has some $12 Trillion in civilian savings locked up in JGB's and postal savings accounts, yet they have interest rates near 0%, and a national debt that equates to 140% of their annual GDP..

Whatever we do, even if inflationary, I want to avoid such a scenario for the US at any cost.

Hawk
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