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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (1405)	9/7/2001 1:11:53 PM
From: Wally Mastroly	Read Replies (1) \| Respond to of 10065

PETE: Why do you think corporations would be induced by another interest rate cut to increase borrowing in an environment where capacity utilization is reportedly not lower than it was during the recession of the early 1990's and rising unemployment will likely cause the consumer to honker down in the near future? I don't. But I can hope, can't I <g> . Also, why is it now fair to say Bush missed an opportunity to put business tax cuts into his tax package proposed shortly after taking office when conditions were much better and nobody could foresee current conditions? I didn't say it was fair. <G> I think there were some signs when the tax package was being debated. Besides, his economic crystal ball should have been polished by then <BG> I like the idea of proposing a sweetener in a new tax cut package for business to increase capital spending (now), with a limited-window for business to exercise that option. But with Senate gridlock and continuing resentment over the the last election, I sense many politicians would be happy to sabotage such a positive effort for their own party's political gain in future election. After all, politicians are there to get re-elected, not to serve the people - right ? I'm afraid we are back to gridlock. I just thought Bush might have a very-slightly better chance of getting that kind of business stimulus thru Congress than a capital gains tax cut (which has been floated recently). Take care. Wally M. - P.S.- Been listening lately to a busness talk radio guy named Damon Vickers (Vickersnet.com). He is a big Bob Brinker fan but is much more aggressive in his implementation of action durng this bear market. (He has been making a lot of money shorting the market, especially retailers). He thinks the DOW could get cut in half (to about 5000). He thinks the bear is will continue to spread thru the S&P 500. He made his market call about the first quarter of CY 2000. Not sure if you can pick up the business talk radio network he is on. (I think they call the network "MoneyTalk" - of all names He is based in Seattle now, but broadcasts nationally. In Princeton/Trenton, NJ area AM stations 860 & 1350 carry his show. Usually 6PM to 8PM (EDT) weekdays.