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To: Haim R. Branisteanu who wrote (40780)	1/23/2001 12:12:16 AM
From: bobby beara	Read Replies (2) \| Respond to of 64865

Bush in his eagerness to seize power was ready to do every thing that will put him on top including to push the US economy into recession.>>>>> Haim, you are giving a new comer on the scene way too much credit for economic forces that have been put in place for several years. the economy was set to fall of a cliff in 4Q 2000 as a result of excesses built in the 99/1Q 2000 bubble and insuing burst, the contention in the election was probably a result of angst in the economic system, not the cause of it. that said, it would be highly beneficial to bush to have a recession now and pull out of it in 2004, but bush alone does not control the economic cycles, if bush did, his daddy would have to -g-, and we know economic cycles worked against bush sr. b

To: Haim R. Branisteanu who wrote (40780)	1/23/2001 7:08:56 AM
From: Mike M2	Read Replies (1) \| Respond to of 64865

Haim, a couple links on the impact of hedonic pricing less detail siliconinvestor.com more detail: mwhodges.home.att.net financialsense.com It is important to note that no other major industrial nation applies hedonic to created chain -weighted GDP growth. It creates economic growth with out a corresponding rise in revenue or income. The OECD, Bundesbank, the Japanese and the British have noted this amjor differnece. Mike

To: Haim R. Branisteanu who wrote (40780)	1/23/2001 7:35:02 AM
From: Mike M2	Read Replies (1) \| Respond to of 64865

Haim, I don't know what happened to my url try again Message 15206033 Message 15205784 mike

To: Haim R. Branisteanu who wrote (40780)	1/23/2001 7:59:16 AM
From: Mike M2	Read Replies (1) \| Respond to of 64865

Haim, I would argue that the harmful psychological effects came from the new era hype glossing over the reality of unprecedented credit excesses. The wealth effect of the market has caused the savings rate to go negative, dissavings, excessive consumption as a % of GDP at the expense of investment. We have seen credit growth reach an unprecedented $4.00+ for every 1.00$ GDP - in 1929 we peaked at $2.2 . This number demonstrates that much of the credit growth has gone into unproductive uses - especially leverage. I am sure that you are aware that the private sector -personal and corporate are indebted like never before - this has been building for years. I do agree with you that the blame for the coming bust lies with AG more than any single individual but not due to tight money but because of the excesses he helped to create by his excessive monetary ease. mike

To: Haim R. Branisteanu who wrote (40780)	3/12/2001 6:42:38 PM
From: stockman_scott	Respond to of 64865

<<As to the FED under AG his sin is the fact that for political reason and nothing else, the FED refused or failed to lower interest rates in a timely manner regardless of the political situation. The FED knew by August/ September that the economy is cooling of substantially and failed to act. They dragged their feet trough October and November. In my book this is also criminal.>> So True....IMHO, Greenspeak and his crew deserve a lot of the blame for the country's economic situation...they also have done very little to reassure the markets....In fact, I truly feel we would be better off without the FED. Best Regards, Scott