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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Knighty Tin who wrote (22023)11/19/2004 6:24:34 PM
From: Jim Willie CB  Read Replies (1) of 110194
 
abandonment of mfg base to Asia over 30 years
most significant element of all that I have observed
which led us squarely into financial engineering pathogenesis

shift in economic numbskull thought is right up there
outsourcing jobs creates net new jobs -- stupid
foreign TBond ownership signals US strength -- stupider
consumption leads investment -- stupidest

WE ARE ACTIVELY WORKING TOWARD ECONOMIC DESTRUCTION
our economists make it up as we go
we invent Wizard of Oz Economics
it is almost all backwards
it is intended to justify consumption excess and debt dependence
reminds me of addicts who build an entire system to justify their little warped system
only ours is not little, and has engulfed the world economy

I love the claim of deficits are stimulative
temporarily sure
just like surpluses and excess savings are the opposite
see Japan

The current administration, it appears, operates under the notion that twin deficits are stimulative and positive. So is cardiac electrical shock with paddle boards stimulative to a heart attack victim flat on his back. It is not positive.

/ jim
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