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

To: SOROS who wrote (4468)	8/13/2002 11:24:13 PM
From: Jim Willie CB	Respond to of 89467

best guages of wealth creation are: - savings, investment in capital equipmt, intellectual property (all that produces cash flow) what happened in 1950's ? end of WW2, expansion and reconstruction the decades with declining interest rates saw big growth e.g. 1990's the decades with rising interest rates saw low growth e.g. 1970's going forward, the keys are: - earnings growth potential, available credit, capex spending, consumer spending, effective saving, prudent corporate accumulation of cash, and the granddaddy -- declining dollar the key for govt: allowing the corrections to occur for 20 years we have confused expanded credit with wealth and confused legal tender with money be careful out there, so many pitfalls I have noticed a clear trend change in the press/media BIG SUSPICION OF ECONOMISTS, WITH DISCREDITING IN PROGRESS they have been wrong for so long, costing investors money yup, the Dow/S&P is now about to fail at the Head & Shoulder neckline corresponds to Dow 8500-8700 I see a quick stairstep down to Dow 4000, a dedicated decline I remain, A Jackass