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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: russwinter who wrote (91)6/23/2003 9:28:37 AM
From: Jim Willie CB  Read Replies (1) of 110194
 
hyperinflationist policy only breeds more bubbles
then come the aneurisms from the busts
and more problems that before
and even more years of stagnation afterwards
official actions only provide emphatic headlines to the powerlessness of policymakers to deal with broken asset bubbles and their aftermath
the Fed can only print money and relax bank reserve reqmts
the USGovt can only give back tax money and reduce tax rates
neither addresses the overcapacity in the corporate sector
neither addresses the heavy debt burdens across the spectrum
this is truly sad, tragic

the level of economist competence worldwide is absolutely horrendous
for a subject so critically important to the world, it is utterly amazing that so little expertise, objective analysis, and real experimental thought has been conducted

the end result has basically been the ruin of the world economy
sounds harsh, but the imbalances now worldwide can only be rectified by a long depression, with massive corrections and disruptions

I dont see anything being done properly by officials
everything they do is making it worse
I defy anyone to carefully elucidate a single govt or Fed policy or Congressional action that is part of the ultimate remedy

/ jim
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