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.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (11361)	6/25/2003 4:46:29 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 306849

Only one more point? Hardly. Just wait until they impose the monthly tax on savings and cash balances to make the return negative. Just like the periodic re-coinage tax imposed by kings during the Middle Ages. Another great idea from the Middle Ages is a wealth tax which would impose a heavy annual tax on real estate equity or collectibles. To avoid the tax, get a maximum cash-back refi and spend that money today to get the economy moving. Americans have to spend their savings and wealth now to keep the world economy going.

To: Jim McMannis who wrote (11361)	6/25/2003 10:14:03 PM
From: MI_Joe	Respond to of 306849

Of course, he wanted to go 1/2 pt., but (rightfully so) realized he would scare everyone... Fact is this is the post war bounce A.G. anticipated -- look out below! Greenspan's monetary policy is not unlike a drunk driver careening down the road. For Y2k he pumped us full of money due to his irrational fear of armageddon. Americans, being the speculative breed we are, responded by driving the NASDAQ over 5,000. Realizing the error of his ways, A.G. responded by raising interest rates until the 'bubble' disappeared (for productivity did offset inflation). Since then, he has been correcting the other way -- easing until more bubbles have formed (housing and bonds). For the love of God, will we ever wise up and leave monetary policy alone? Free markets (capitalism) works!