Stockman Scott's Political Debate Porch Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: lurqer who wrote (42420)	4/12/2004 7:11:52 PM
From: Jim Willie CB	Read Replies (3) of 89467

coolness: JW does Puplava's Financial Sense wrapup financialsense.com "Failure of the Fed Reflation Initiative" by Jim Willie CB Since January of 2001, when the Federal Reserve embarked on a path extending over 20 months to reduce Fed Funds targeted interest rates down to 1.0%, the resolution is incomplete, uncertain, and hardly successful. By many measures, the outcome is arguably a failure. Aggressive monetary stimulus has jolted the economy and financial markets, to be sure. Clearly absent has been a foundation upon which to build an economic recovery. Twenty years of a rising USDollar, energy reserve depletion, and offshore manufacturing has led to an “evolution of dependence” which leaves our nation highly vulnerable in its supply of energy, raw materials, and capital. Also absent have been the internal dynamics to force traction of monetary policy into actual commercial performance. The foundation lacks the pent-up demand, principally in the car and housing sectors. More critically, it lacks domestic savings from which to recapitalize. The internal dynamics have been indeed radically altered by the rapid evolution of globalization itself. The business cycle has changed to the extent that cyclical behavior is challenged and debated. The cycle may be broken. / jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next