Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (582658)	8/25/2010 7:51:16 PM
From: Tenchusatsu	1 Recommendation Read Replies (1) of 1572583

Tim, > The broken window fallacy is the real "voodoo" here, and it was well on display in the cash for clunkers program. Which didn't just pull money out of the economy but also destroyed valuable property, reducing the stock of wealth in order to try to increase the flow, by the economic activity of replacing the stock. Don't forget about the recent fall of home sales, which is largely attributed to the end of a tax credit back in April. From Reuters: news.yahoo.com > "What we are seeing is the downside of government intervention. It had fanned expectations of a market bottom when in fact, it created a false bottom," said Tom Porcelli, a senior economist at RBC Capital Markets in New York. Now I'll wait while Alghieri declares the RBC economist's word as "worthless" ... LOL Tenchusatsu

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