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Strategies & Market Trends : Strictly: Drilling II
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To: Claude Cormier who wrote (32246)9/5/2003 12:19:54 AM
From: Little Joe  Read Replies (1) of 36161
 
"The reality: Greenspan and company will fight deflation will all the tools they have even if the government has to send a check of $10000 to every americans so they can spend on goooooods!"

That is my view. They have already sent checks to Americans on at least two occassions and disguised them as "tax refunds" or "child credits". I think those who believe deflation is coming soon, totally fail to understand the minds of the politcal class. They will destroy the country before they take the blame for the mess we are in. If they had at any time along the way made the painful but necessary choices, they know they would have to accept responsibility for what they have done and would be summarily thrown out of office.

To the political to lose power is unthinkable. So the con games will go on until the economy blows up and then we will likely see the deflation.

Little joe
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