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Strategies & Market Trends : Raptor's Den II -- Ignore unavailable to you. Want to Upgrade?

To: Kirk © who wrote (629)	4/24/2003 10:36:19 AM
From: da_cheif™	Read Replies (1) \| Respond to of 3432

Greenspan didnt cut rates...the market did....he wuz just the messenger..g

To: Kirk © who wrote (629)	4/24/2003 11:21:04 AM
From: KevinThompson	Read Replies (1) \| Respond to of 3432

With all due respect to your opinion as well; How does increasing the credit bubble help us to avoid a "full blown depression"? It seems to me that is akin to throwing gasoline on the fire. The rate of increase of GDP output is barely linear. The rate of increase in total indebtedness in this nation is EXPONENTIAL! When the fed rate is finally set next to zero, and we still haven't experienced an improving economy (never mind an out of control stock market), what will save the economy from depression then? increasing M3 some more. Don't look now, but they're already doing that. Rate cuts and intervention will only prolong the inevitable. It will not prevent it. Period. The malinvestments of the last decade must be worked off and unwound, cleansed out of the system, before any sustainable new economic growth can be achieved. Rate cuts have indeed done nothing other than to prevent us from falling off a cliff. But the cliff is still there. It's not gone away. Best Regards