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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: orkrious who wrote (7207)11/5/2000 11:03:57 AM
From: Zeev Hed  Respond to of 30051
 
Delete, SI duplicate.



To: orkrious who wrote (7207)11/5/2000 11:08:35 AM
From: Zeev Hed  Read Replies (3) | Respond to of 30051
 
That is another Bush fallacy, Gore actually took the responsibility of finding ways to improve and reduce government. No Vice president before was so closely involved in implementing programs reducing the government. As a result the total Federal Payroll is about 300,000 smaller than when the current team took over, and the percentage of government expenditure is on a continuous path of reduction of total GDP. If we did not have to pay $300 billions or so per years in interest on out debt, debt of which fully three quarters was "created" during the 12 years of Republican administration, we could afford now to spend $100 Billions per year to provide better and cheaper care for the elderly, and invest over a period of 10 years a 100 B bucks in getting us technologies which would free us of the oil yoke on our neck, increase, and still leave an additional $190 Billions for getting the tax rate of the middle class (tax rate mind you, not actual taxes) to a level that is only 75% more (like 38.5%, or 23.5% income taxes and 15% social security) than the ridiculous 22% paid by the "super wealthy". Pay off about $50 to $100 B per year of the deficit per year and keep the current steady as she goes, goldilock economy going.

I think that next Tuesday, we are going to vote an end to the golden era we had, but what can I do. Demagogues talking about "character" (when they themselves break the law, and it is not just the DUI, it is cocaine or heroine and it is insider selling without notification to the SEC for six months after the fact, based on inside information, when he was a director of HEC, that is in the record, he was never prosecuted, because the head of the SEC was, of course, a Bush appointee), when he has none of his own. We should have seen the writing on the wall when he lied time and time again about McCaine's record. But, instead, as a nation, we are being led to the sacrificial stone like a lamb.

Last, according to AA, 80% of alcoholics that get "cured" relapse when the stress of life become high, do we really want to run the risk (80% probability that it will happen) of having our own Yeltsin at the nuclear button?

Zeev



To: orkrious who wrote (7207)11/5/2000 11:38:12 AM
From: Zeev Hed  Read Replies (4) | Respond to of 30051
 
Coming back to the market. I have been trying to understand why my turnips failed me so miserably in September. Late in August they called for a minor retrenchment from 4350 or so to "only" 3930 or so. Well, the decline was much more severe, all the way to 3026. Luckily, when the 3930 was breached the turnips admitted their error and kept us out for most of the decline.

The scenario, if some of you remember, was that after a short "regrouping' the impact of increased liquidity created by the Government into election, would get the market back up and to 5300 by year end. Well, I just found out what went wrong. For some reason or another, the democrats decided not to use the power that they had government spending to increase liquidity), and government expenditure fell short 3.6%, an actual decline (while I was expecting a 3% or so increase in line with inflation). That contraction resulted in the anemic growth in the GDP last quarter (of only 2.7% when I was expecting closer to 4%).

Can anyone here tell me why would the Clinton/Gore team jeopardize the elections for the sake of fiscal responsibility? That is a new one to this cynic of the political scene.

Zeev