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To: Andrew G. who wrote (95888)4/18/2001 3:57:41 PM
From: yard_man  Respond to of 436258
 
>>Also, I see the Fed working with the Institutions, US gov't and financial media to stabilize public sentiment (the key) towards economic conditions.
<<

Common misnomer perpetuated by the media, as is "consumer-driven economy." You confuse cause and effect ... not to worry.

Economics is about much more than con-fidence. You will see ...



To: Andrew G. who wrote (95888)4/18/2001 4:00:00 PM
From: pater tenebrarum  Read Replies (2) | Respond to of 436258
 
i'm not sure if you look at all the stats i'm looking at...as for the precise timing, who knows? it is however clear that the imbalances that have been created will be corrected. you can't create $5 in new debt for every dollar of GDP growth forever.

oh, and i got lots of similar posts in Q1 last year when i said the NAZ was a bubble that would burst...and it sure did burst, in spite of all the 'experts' assuring us of its permanence (i am referring to the WS analyst/strategist community here). the main difference between the two bubbles is only that the demise of the credit bubble will be much more painful and economically devastating.



To: Andrew G. who wrote (95888)4/18/2001 4:06:38 PM
From: NOW  Respond to of 436258
 
Andrew: I share your disgust, but "patience is a virtue..."