Strictly: Drilling II 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.

Strategies & Market Trends : Strictly: Drilling II

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: longdong_63 who wrote (25303)	1/10/2003 2:28:09 PM
From: Canuck Dave	Read Replies (2) of 36161

The 70's with one small difference: Debt. In 1975, the US was still pretty solvent. It survived stagflation and moved on in the 80's. Speaking of the 80's, I realized something this week. I was never a fan of Reagan and his deficit military spending, but I had to grudgingly admit his supply side economics pulled the US out of an economic haze. But that's not what happened. You look at the mean P/E of the S&P, and by 1981, when Reagan was inaugurated, the corporate balance sheets and dividend ratios were already in really good shape. Investors hadn't discovered it after 15 years of bear markets and the Asian "miracles". This was under Ford, and mostly under Carter. The US was coming out of stagflation all on its own without massive fiscal stimulus (mostly to the rich). The monetary excesses begun after 1981 paved the way for the mess we're in today. Reagan is the father of the deficit, not the recovery. CD

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next