Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: yard_man who wrote (9848)	11/28/2002 11:53:06 AM
From: Jim Willie CB	Read Replies (1) of 89467

reflate all they want, but debt collapse feeds on itself just like from 1980 to 2000, inflation fed on itself supply costs rose, labor costs rose, so product prices rose which led to supply costs rising, labor costs rising which led to rising interest rates, and more rising costs so product prices rose more now the opposite debt collapse leads to liquidated inventory, lost pricing power which leads to other debt defaults, more lost pricing power which leads lenders to become more cautious and restrictive which stresses the hell out of all participants and more defaults and so on the ineptitude of economic policy making will be clearer over time e.g. lower rates are reducing consumer spending, just the opposite of the stupid economist klaptrap babble $1100B in income from interest during 2001 $600B in interest expense during 2001 so the press/media stress the stimulus to the economy? WE ARE DEALING WITH FOOLS RUNNING THE ECONOMY AND MEDIA WHICH WILL PARROT ANYTHING POSITIVE TOLD BY GOVT the momentum for the system-wide contraction will be strong this has a couple years to resolve / jim

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