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Gold/Mining/Energy : A to Z Junior Mining Research Site

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To: RealMuLan who wrote (5128)7/18/2003 11:23:41 AM
From: Jim Willie CB  Read Replies (1) of 5423
 
the great majority of politicians still praise GreenMan
most respect him tremendously
they regard him as the instrument for remedy
when in fact his past policy is the reason for the mess
and his current policy is the reason for the next mess
namely, the broken bond bubble and consequent fallout in real estate sector
this will have bigger implications for the general economy
much bigger than the broken stock bubble
since the bond bubble is about 5x larger
and the real estate bubble is about 10x larger
that is a huuuuugggge amount of broken bubble to wear on our faces

Congress and financial leaders are blind to the economic faulty foundations
THIS IS A GIANT BLIND SPOT
responsibility lies with our academic economic teachers

they almost universally accept Keynesian Monetarism
each has failed...
Keynesian (govt stimulus, deficit spending)
and Monetarism (control of money, settin of shorterm rates)

what is capex?
capital expenditures, techically
it is coming to mean capital equipment in a physical sense

overcapacity of the entire capital base is the problem
low rates do nothing to encourage further investment in capital equipment

/ jim
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