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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: yard_man who wrote (6279)1/27/2004 4:44:46 PM
From: jrhana  Read Replies (2) of 110194
 
I do ask myself, however, what would have happened if Bush

(and Greenspan) had combined on the opposite:

Reduced federal spending

A balance budget

Much higher interest rates

A strong USD

Would all this have led to:

Another great depression?

A prolonged fall in the equity markets?

What exactly was Bush supposed to have done?
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