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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Sully- who wrote (48404)3/6/2002 2:57:30 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
real cost of steel tariffs:
for each saved US job, $450k estimated cost to the economy

remember history which saw high tariffs, closed borders
in 1930
the similarities between now and 1930 are growing
much more similar to 1930 than every single recession since WW2

inflation is coming into the pipelines every which way now

how can we expect the common citizen investors to understand the source of inflation ???
when the government spouts out EFFING CLUELESS NONSENSE that ...
INFLATION IS CAUSED BY EXCESSIVE GROWTH !!!

faster growth that is met with fast growing supply and demand results in no inflation whatsoever
pure govt propaganda to justify tinkering with economy
just like the Soviet Communist Politburo

oy oy oy
inflation is caused by excessive increase in money supply
over and above the economic growth rate
money supply is now rising fast to cover up multitudes of sins


put more blood in the system, then the ratio of organ to blood rises, thus increasing value of each organ
/ jim