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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Giordano Bruno who wrote (245943)6/17/2003 1:20:49 PM
From: j-at-home  Read Replies (1) of 436258
 
Tax cut already at work boosting US economy, Snow says By Rex Nutting
<<The $350 billion tax cut is already working to heal the U.S. economy, Treasury Secretary John Snow said Tuesday. Speaking in New York, Snow expressed nothing but confidence in the economy. "Conditions for this recovery are looking better and better," Snow said. Snow credited the recent $350 billion tax cut for the improvement. "We've come a long way from the beginning of the year," he said. "We're starting to see an impact in the markets, as higher tax-adjusted returns on dividends and capital gains are factored into stock prices.">>

Snow continues the trend of exceptionally bright Treasury Secs (two in a row now). It was so obvious .. the solution to economic ills is to raise the stock market regardless of fundamentals

It is not "a rising stock market is a product of strong economy" but rather the reverse.

Bubble = GOOD No Bubble = BAD

This applies to real estate and deficits it appears too

Just saw this headline:
Report: Samsung Elec Sees No Chip Recovery in '03

Stupid fools - there is no recovery because your stock market is too low - get with the program

Live for today - screw tomorrow - that's someone else's problem - you'll be dead, who cares?
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