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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (4844)8/19/2002 9:44:47 PM
From: pogbull  Read Replies (1) of 89467
 
Another good read from Fleck

moneycentral.msn.com

"But back to my rant. The more that the government tries to prevent the cycle from playing out, the longer the process of finishing the work at hand. We had the biggest bubble in the history of the world, and the cleanup will be painful. That's why many of us were so outraged while the bubble was inflating, because we were sure of the pain that was to follow. Well, now the pain is upon us, and people should prepare themselves for a continued bout of difficult economic times and an unprofitable stock market. They should not allow themselves to get sucked in by all the wishful thinking that we see so regularly. The sooner we get on with the adjustment process, the sooner we can come to the end of the adjustment process. "
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