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

To: stockman_scott who wrote (6376)	9/14/2002 10:21:11 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

these simple aggregates cannot be seen clearly without considering the debt backdrop, its trend, and its effect Austrian Richebacher believes economists in the USA fail to view aggregates properly together they point to a single measure and find comfort in my statistical practice and training, we learned that the most egregious errors come from failure to consider several relevant factors simultaneously e.g. only viewing jobless rate versus price inflation only how can consumers continue when their debt is now 107% of income? (debt from mortgage, installments, and credit cards) in 1980 it was something like 80% as Puplava describes, the entire US Economy is a debt pyramid the entire economy is running on fumes from refi cashouts and mastercards we are the frogs in the boiling pot consumers are being laid off over 400,000 per week all while their bills for property tax, insurance, city usage fees, gasoline fillups, home heating, and food... all rise the jig is up when housing prices turn down that has already started for new construction commercial property is dead in the water for several months the residential music stops this autumn/winter they learned nothing from the Naz and Stock bubble bust the Bubble Maestro GreenSheiss led them to folly, once again / jim