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To: RealMuLan who wrote (5128)	7/18/2003 11:23:41 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 5423

the great majority of politicians still praise GreenMan most respect him tremendously they regard him as the instrument for remedy when in fact his past policy is the reason for the mess and his current policy is the reason for the next mess namely, the broken bond bubble and consequent fallout in real estate sector this will have bigger implications for the general economy much bigger than the broken stock bubble since the bond bubble is about 5x larger and the real estate bubble is about 10x larger that is a huuuuugggge amount of broken bubble to wear on our faces Congress and financial leaders are blind to the economic faulty foundations THIS IS A GIANT BLIND SPOT responsibility lies with our academic economic teachers they almost universally accept Keynesian Monetarism each has failed... Keynesian (govt stimulus, deficit spending) and Monetarism (control of money, settin of shorterm rates) what is capex? capital expenditures, techically it is coming to mean capital equipment in a physical sense overcapacity of the entire capital base is the problem low rates do nothing to encourage further investment in capital equipment / jim

To: RealMuLan who wrote (5128)	7/18/2003 11:40:55 AM
From: Little Joe	Read Replies (1) \| Respond to of 5423

"I agree AG is responsible for the financial mess" Here I disagre to some extent. I would say he bears partial responsibility for the mess. There is plenty to go around, Pres, especially past, Congress, and we who elect the fools that eventually implement these destructive policies. I don't remember a lot of complaints among the voters were times were good and everyone thought their 401K would make them a millionaire. About the only place there were dissenting voices were on threads like these, bear sites and gold bug sites. As citizens we often tend to overlook our complicity in the policies of our government. I remember vividly during the Clinton sex scandal, that most were willing to look the other way, because he was "doing a good job" translation "We are making money in stock market". Now that it is time to pay the piper many forget that we elected this guy 2x and the bubble was created on his watch and now it is bursting. Little joe