SI
SI
discoversearch

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.
Strategies & Market Trends : Mish's Global Economic Trend Analysis

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Steve Lokness who wrote (10313)8/7/2004 10:14:25 PM
From: Jim Willie CB  Read Replies (2) of 116555
 
we focus way too much on Bushy Admin for economic blame

THE REAL BLAME GOES TO THE MYOPIC KNIGHTED GREENSPAN
in 1995-96 he changed his monetary controls policy
he decided not to concentrate on GDP growth
but CPI inflation instead

when accidents occurred in 1997 Asian Meltdown
and in 1998 Russian Default
and finally in 2000 US Stock Bust
he went into world economic accident insurance underwriting

he now have a bond bubble 10 times larger
the Mankiw Econ team assembled by Bushy is as stupid as the Cheney Rumsvelt team is duplicitous
such is the nature of neocons (aka Fascists)

yes, be frightened for the future
but dont blame moronic Bushy entirely
I would give 90% blame to Greensleeves, 10% Bushy Mankiw

hold onto your jockstraps and g-strings
we gotta a nasty recession coming next year
it could easily morph into a depression
I give it a 25-40% chance


the debts must reduce the hard way
the real economy must return back to our shores from Asia
the USDollar must come down 40% more
bankruptcies must increase many multiples
groundwork for national initiatives must be laid

/ jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext