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

To: stockman_scott who wrote (13771)	3/3/2003 10:27:59 AM
From: Jim Willie CB	Respond to of 89467

interesting Asset Bubble forum... new era, last stage game CPI doesnt and never did measure the stock price inflation now it doesnt measure the bond and mortgage price inflation this is all very much outside the purview of Central Bankers but asset prices and their bust now have a huge effect on the entire economy and growth prospects I call the asset bubble bust a critical symptom of last stages for the Keynesian Monetarist game combine this strong effect with the incredibly indebted landscape and you have the ingredient for ENDLESS RECESSION which, with proper shocks and continued fallacious govt policy, THE MAKINGS FOR A DEPRESSION what are fallacious policies? hyper-extension of additional credit and money creation we are seeing outofcontrol credit in the mortgage sector and to some extent the consumer spending area we are seeing outofcontrol money creation at the FED so we are first (without question) to enter into a recession the energy price shocks will gaurantee it continued shocks will only make it worse mainstream economists still dont get it / jim