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Strategies & Market Trends : Mish's Global Economic Trend Analysis
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To: oldirtybastard who wrote (10238)8/6/2004 5:56:59 PM
From: Jim Willie CB  Read Replies (1) of 116555
 
right, DirtyMan... they're dumb as hell, political animals

the bond revolt in the spring was result of pure horse shit
it may have accomplished something for GreenMan though
he is frightened of the carry trade size, hedge fund size
serving them notice got the job done, served notice

in my view, the bond market called the economy's bluff
and the Bushy Admin's
and the Fed's

Greeny blinked
Bushy Boys are too dumb to blink
they will take it in the shorts, and sand into open eyes !!!
this Mankiw Econ Team at the White House is the dumbest in about 20-30 years

I really believe the USGovt Admin thought they could perpetuate the lie until the real recovery showed up
they are victims of their own shitty economic policy
they like outsourcing, wrong
they ended subsidies to households in jobless benny extension
they planned no new tax rebates
they expected tax breaks for wealthy to result in new jobs
it did, but in Asia

meanwhile the Federal Reserve got caught themselves
the bond market dictated to them to raise rates
I dont think Greeny minded really though
he wanted to stem the growth of hedge fund activity

they have lied more in the last 6-9 months than before
chock it up to election year politics dominating the truth

and of course, Mankiw is as dumb as a post
he name dropped his "Harvard Students" today
pretty lame
they are probably smarter than he is
I know I am, as are my 5 best friends

/ jim
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