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

To: russwinter who wrote (6773)	2/2/2004 7:53:08 PM
From: ild	Read Replies (2) \| Respond to of 110194

Has Greenspan Mellowed With Age? northerntrust.com

To: russwinter who wrote (6773)	2/2/2004 8:56:15 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 110194

Russ, I see your point, and Mises's point but given the political environment, and the colossal absence of correct economic thought, analysis, and policy, it aint gonna happen we have repealed the laws whereby recessions are permitted and will now proceed down a path with no return I thought we should have allowed a recession in 2001 it would have been nasty I recall in the late 1990 decade, many openly stated that the next recession would lead to a depression, due to all the heavy debt levels we are here now recessions will not be permitted false growth will be regarded as preferable to real growth after culling of the economic excess you speak to deaf audience, my man what you say rings true, but nobody in power will listen it is kind of like telling a priest who molests little kids that he needs to go out and get laid with a nice (or not so nice) woman or a sequence of women it is a waste of time he has gone down a bad road, and will continue with children no immediate risk perceived by the priest, so no changes Fed's Greenspasm is the new priest who molests his victims are savers and those operating businesses in the real economy he will be left with a ransacked casino and empty industrial plants before he is done / jim