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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Proud Deplorable who wrote (90519)1/16/2008 1:22:15 PM
From: John Vosilla  Read Replies (1) of 110194
 
'Its quite commercial and has nothing to do with one party or another. America's economy is held together by one industry without which it would completely collapse and that's the military industrial complex. Eisenhower used this term as a derogatory statement and he was certainly a politician. So this topic is open to to debate just as is the housing market or any other industry as its all part of the current bubble and credit fiasco. What's the difference between US capitalist policies destroying its won citizens bank accounts and dreams by allowing predators to put them out of their homes versus American capitalist policies putting innocent people out of their homes in other countries by bombing and murdering them?'

It goes back to misallocation of capital being diverted to nonproductive uses that lowers our standard of living and debases our currency.. Much of this goes back to errors made during the great depression and insuring that it never happens again.. Better to keep most folks employed and nominal GDP growing at a nice clip.. Certainly you saw it in spades in the Bush administration with the tech meltdown and 9/11. You will see it now and again the next administration as the housing/credit manias continue to unwind.
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