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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (6217)	1/26/2004 1:09:02 PM
From: gregor_us	Read Replies (1) \| Respond to of 110194

Yes Jim Willie CB: I found it highly ironic that Alan Greenspan Deflation Fighter--in the midst of one of his greatest fighting battles-- championed Technology and Ultra-Free Markets, where all things including Labor can be imported or exported, easily. All powerful deflationary forces. Poor guy. He really is caught between his Belief System and Reality.

To: Jim Willie CB who wrote (6217)	1/26/2004 1:14:19 PM
From: mishedlo	Read Replies (2) \| Respond to of 110194

Look at this crock of shit. Full to the brim cbs.marketwatch.com{295A890F-D6E8-4485-A578-A7AAAD45FD4E}&siteid=bigcharts&dist=bigcharts& "Make no mistake, President Bush is serious about the deficit," Snow said in remarks beamed to a London conference via satellite from Washington. The Treasury chief said that in the fiscal year 2005 budget to be released next Monday, Bush would propose an overall spending increase of less than 4 percent from last year, with non-security discretionary spending limited to just a 1 percent rise. Bush is seeking a 7 percent increase, to $402 billion, in funds for the Pentagon and a 9.7 percent increase, to $30 billion, for Homeland Security expenditures. The federal budget deficit reached $374 billion in fiscal 2003, the highest ever in dollar terms. That's equal to around 3.5 percent of gross domestic product, the highest proportion since 1993. The White House has forecast the deficit to reach around 4.5 percent of GDP during the current fiscal year, which ends Sept. 30. "Compared with 6 percent during the eighties (under President Reagan)," Snow said, the current deficit "is not historically out of range." Shortly after Snow's remarks, the non-partisan Congressional Budget Office predicted the federal government will run a budget deficit of $477 billion in fiscal 2004, which began Oct. 1, and a shortfall of $362 billion in 2005. The CBO estimated the 2004 deficit would be 4.2 percent of GDP. Bush's top spokesman on the economy again repeated his pledge to halve the deficit in five years. "If we stick to President Bush's strong pro-growth economic policies and sound fiscal restraint, we expect to cut the deficit in half, toward a size that is below 2 percent of GDP, over the next five years," Snow said. Message for Europeans Snow called on policymakers to increase growth in Europe, "where growth has lagged and where estimates of growth potential are not as high as they should be." "The need for increased global economic growth, by the way, will be the top agenda item at the upcoming G-7 meeting I will chair in Florida and the No. 1 topic of discussion," Snow said, referring to the gathering of finance ministers from the Group of Seven industrial nations set to take place in Boca Raton, Fla., on Feb. 6 and 7. Snow said the U.S. would record "very strong" growth in the final three months of the year, following an 8.2 percent increase in the third quarter -- the fastest quarterly pace in two decades. The Commerce Department is scheduled to release its first estimate of fourth-quarter growth on Friday. Economists polled by CBS MarketWatch are predicting a 4.6 percent rise. Snow added that he expected total 2003 growth to be "over 4 percent." =========================================================== Is this some kind of "new math" joke? WTF They pledge to reduce the deficit by increasing it! 1)Bush would propose an overall spending increase of less than 4 percent from last year 2)Bush is seeking a 7 percent increase, to $402 billion, in funds for the Pentagon and a 9.7 percent increase, to $30 billion, for Homeland Security expenditures 3)The White House has forecast the deficit to reach around 4.5 percent of GDP during the current fiscal year, which ends Sept. 30. Make no mistake about this: This is a big crock of horessh*t Mish