Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Seeker of Truth who wrote (35929)	7/10/2003 4:08:30 PM
From: Maurice Winn	Read Replies (1) of 74559

Malcolm, re bull markets and <The US consumer is deep in debt. > Debt is great, because it's so motivational. Remember Snow White and the 7 Dwarves? As the dwarves marched off to the mine with their picks over their shoulders, they sang, "I owe, I owe, it's off to work we go. I owe I owe I owe I owe, I owe, I owe." The USA has such huge debts that they'll be working for half a century. That's excellent. Working is production and production is not recession. It's bull market stuff. The more they produce, such as CDMA2000 and W-CDMA cyberphones, the better I'll like it. <This will cost megabucks which he refuses to pay for with higher taxes, but would rather lower taxes and expand the deficits. Deficits = inflation, as we all know > NO worries mate! There is no inflation. The current worried brows are about deflation. Good old King George II is doing it right. He's pixelating new dollars flat out and using those to fight the empire's wars. He can afford heaps. He's already got hold of vast oil fields and opened Iraq to Globalstar, which is selling like crazy there. Mqurice

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