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Politics : Stockman Scott's Political Debate Porch

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To: abuelita who wrote (19020)5/10/2003 12:52:24 PM
From: Jim Willie CB  Read Replies (3) of 89467
 
this line from Fed illustrates the insane econ thinking

"The Fed's own models show that every 5-per-cent decline in the dollar can deliver the same economic punch as a half-a-per­centage-point cut in interest rates."


so rising production and retail prices results in the same benefits as reduced costs of new credit ???

I could come up with 100 sick analogies
but why bother?
this is insane economic thinking
in fact, it clearly illustrates the aggregate thinking childish thought process that is wrecking our economy

perhaps we need a 77th Amendment to the Constitution...???
ALL PRICE INFLATION IS CREATED EQUAL

not a chance
rising production costs crimp corporate earnings
rising retail prices reduce consumer spending
IT IS ALL BAD
and illiterate Americans are gonna find this out the hard wasy

WITH LOST JOBS AND DECLINING BOND MUTUAL FUNDS
WITH STAGNATING RECESSION AND ERODING HOME EQUITY

they will get what they deserve, being in denial for years, and trusting fuching moron hacks at the Fed

Singh is righton... time is running out on the FREE RIDE

the low level of scientific thought devoted to economics is utterly astonishing !!!
if the same inept scientific thought was used in the telecom world, we would call up our ex-wives every time we attempted to get in touch with our mistress
one svelte, the other a big fat hog

fiat currency is soon to act as a financial cancer
the metastisizing has spread from head to toe, completely
now comes the ravaging of healthy tissue and organs
Gresham's Law says "bad money pushes out good money"

but it gets worse, with Gresham's Corrollary
"strong assets are destroyed when too closely tied to assets underpinned by excessive debt"

/ jim
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