Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (203664)	11/9/2002 10:14:55 AM
From: Tommaso	Respond to of 436258

Thanks, that fills in some things I didn't quite take in because I would be thinking over what he had just said. I wish I had taped the show. I sure do wish we had a few hundred people in government the caliber of Volcker. I like to recall a moment in his testimony to a Senate committee(finance?) when Ted Kennedy accused him of not being immediately responsive to the sentiment of the congress, and he responded, "Senator, I believe that was the idea behind the way that the Federal Reserve was set up." As to the inflation/deflation debate, if you consider what Volcker said and consider the diametrically opposed views (if they can be dignified by calling them "views") of Prechter in his recent book, either set of views spells bad times for common stock prices--or rather, suggests that the bubble is still very much with us. If one is a prospective owner of common stocks, this suggests very good times, by which I mean (of course) that at some point stocks will be available for purchase at much better prices.

To: patron_anejo_por_favor who wrote (203664)	11/9/2002 1:20:54 PM
From: Joan Osland Graffius	Respond to of 436258

Patron, There is absolutely no one on Wall Street, the Government or folks like Volcker that will discuss the debt in this country. The media seems to consistently side step the issue. Are they all scared that if they bring up the issue it will cause everyone to bail out of capital assets. I understand they need the citizens of this country to take on more debt to keep the party going - but man oh live there is no way this mess can be go away until the debt starts contracting one way or another. There seems to be denial that our banking system has been on a party just like everyone else during this period and have been playing games that will break at some point in time. If is frustration for me that we have not started a debate in this country on the issue of debt and how to deal with it.