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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 371.65

-1.1%

Nov 17 4:00 PM EST

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To: dybdahl who wrote (41507)	10/18/2008 8:34:41 AM
From: Haim R. Branisteanu	Read Replies (1) of 217847

Would totally agree on the wrong risk assessment financial markets and any one connected to them got very complacent since 1993. Also anticipate stock market multiples got way out of hand because of that, as was stock market growth relative to GDP (which by itself is very misleading due to the adjustments made under Clinton) On the other hand sorry I think you have it in contradiction >>> Of the two current candidates, it seems clear to me, that Obama will try to repair the deficits, while McCain will worsen it.<<<< Obama is the one who calls for more expenses including public infrastructure works to restart the economy - this is not going to add $$$ to the budget deficit. As far as Iraq goes they already signed an agreement to get the troops out by 2011 so Obama will add nothing to the equation. As to Clinton surplus it was all on IOU's and a phantom surplus not a real one - under Bush the chicken came back to rust. Now not to misrepresent Bush had his own mishaps in generating more deficits but on the other hand he also had a Democratic Congress One of the main reasons aside from the deficit generated by the war in Iraq was the ill conceived policy of a strong USD which hallowed the US industry base designed by Robert Rubin who served on Citi Bank board recently (we know what happened to Citi Bank) and now Rubin is an important Obama adviser as are other former /present GS “Big Wigs” which in itself is very bad as they are groomed to be white collar thieves and swindlers, whit a sophistication that it is difficult under the current law to indict them. As far as I am concerned Obama economic plan if implemented as he advocates will be a pure disaster .... as to McCain his proposals are not as clear as Obama's but the bits and pieces he promotes in the energy field seem much more reasonable than Obama plans As to the CPI I am sure that the present system is very broken and it serve to defraud the elderly of their pension and enabled very low interest rates related to risk

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