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Politics : Stockman Scott's Political Debate Porch
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To: tonka552000 who wrote (1838)7/11/2002 11:01:18 AM
From: Jim Willie CB  Read Replies (2) of 89467
 
Tonka, thanks, most live in denial, false faith in Fed
and false faith in the financial system to prevail
unfortunately, the entire banking and currency system is flawed
every few decades, it is time to pay for the crimes against economics by politicians, companies, and households

anyone who knows anything about the Fed and its policies now realizes that THEY HAVE LOST POWER TO RESUSCITATE THE ECONOMY
this is sad, but they backed themselves into a corner after 20 years of continued abuse and poor judgment
now they cannot stimulate the economy anymore
or else risk a USDollar freefall !!!

this week we got a shocker in Pitt School Board
3 philanthropic institutions decided to pull funding of the city public schools by $12M per year
they cited disarray, poor leadership, poor teaching quality
now pressure will mount for more property tax hikes

I see property tax as the quiet harpoon to real estate
right thru the heart

thanks for sharing
I knew software was in trouble, now confirmed
no hiring in my strong field either, statistical consulting
not that the skill isnt valuable
but the clients died on widespread basis

the real estate cracks start at the top
then upper middle class
then middle class
thanks again, jim
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