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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: SGJ who wrote (2141)7/15/2002 12:13:01 PM
From: Jim Willie CB  Respond to of 89467
 
excellent point QCO, my guess is Fed fails on all fronts
but in doing so, they fail gradually with each
because they are too proud and arrogant
and believe they can prevail

I recall many pundits and a conventional wisdom in 1999
it stated that the US economy could not tolerate a recession
because the debt levels in govt, states, corporations, and households would invite calamity from a potential meltdown

welcome to the meltdown
yes, the Fed has far too many battles to fight
and therefore the chances of succeeding in all are slim
they must pick their battles and win those

THE ONLY TROUBLE IS THAT ALL BATTLES ARE INTERTWINED
the great liquidation meltdown is gathering momentum and speed

the last bastion to be hurt is USTBonds
with it goes real estate
only a matter of time
thanks for the reminder of the excess of battle fronts
/ jim