Stockman Scott's Political Debate Porch Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: stockman_scott who wrote (10051)	12/6/2002 12:51:55 PM
From: Jim Willie CB	Read Replies (6) of 89467

economists are counting on productivity as saving factor they will be disappointed Kudlow is sounding more and more stupid with each passing week he pounds the table, pronouncing the economic recovery underway, with resilient forces, signaling health no such thing he never mentions debt levels this morning he uttered the same party line again incomes are rising 0.3% annually, he claims is sign of health but household debt levels are rising 2-3 times faster here is why productivity will not save the day: first because the beneficiary of productivity gains is clearly the consumer - efficiencies are shared across the board among competitors secondly because the measured productivity is far less than reported - USGovt "quality adjustments" are pure horse shit - they magnify real sales via blatant distortion while economists are asleep or with thumbs up their asses thirdly because once the productivity juice is squeezed out of the corporate pipelines, all profits will disappear - with mfg capacity utilization at 75% and falling, most equipment is idle - translate this figure into 1 in 4 idle factories !!! ECONOMISTS ARE AN EDEN OF FOOLS / jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next