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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (47935)	4/3/2004 9:07:55 PM
From: Box-By-The-Riviera™	Respond to of 74559

indeed! what could be a better indicator. you couldn't pay a newsletter writer enough. ho ho ho thanks acf... ............. again!

To: TobagoJack who wrote (47935)	4/3/2004 11:01:48 PM
From: elmatador	Respond to of 74559

State projects are not investments By Grant Nulle Financial Times; Apr 01, 2004 From Mr Grant M. Nülle. Sir, As Richard Lapper reports, Luiz Inácio Lula da Silva, president of Brazil, and Néstor Kirchner, his Argentine counterpart, have combined efforts to petition the International Monetary Fund to relax the terms of its accords with Brasilia and Buenos Aires ("Argentina seeks to entice investors", March 29). However, their attempt to attenuate their countries' required budget surpluses by advocating the reclassifying of publicly funded infrastructure projects as investments, not expenditures, is a spurious contention at best. Well-intentioned or not, it is simply fallacious to deem government construction projects or social programmes as productive "investments". As the only entities in society - besides criminals - that exist through the involuntary exaction of private property, governments rely on compulsion to achieve their ends. ELMAT's NOTE: Good tyhe author says that in relation to those two countries. But it is ANY government! If Bush says job "growth" is due to low taxes, unemployment is due to taxation or government robbery. Unlike private enterprises, politicians are immune from profits and losses; it is immaterial whether they are servicing the public as revenues can always be coerced from the populace. Consequently, government expenditures are nothing more than consumption spending of the worst kind. Politicians, bureaucrats and the constituencies that receive succour at the public trough live at the expense of the productive classes of society. State purchases bid resources away from private enterprises to the detriment of savings and capital accumulation, the wellspring of society's prosperity. The frequent economic travails of Brazil and Argentina are in large part due to the interventionist tendencies of their bloated public sectors. As for the provision of roads, bridges and other examples of "infrastructure", these have been and can be capably furnished by private entrepreneurs directed by the pricing mechanism. If public institutions were really more efficient at satisfying societal wants, why do they have to resort to coercion to raise so-called capital? Grant M. Nülle, Research Fellow, Council on Hemispheric Affairs, Washington, DC 20036, US

To: TobagoJack who wrote (47935)	4/3/2004 11:50:06 PM
From: AC Flyer	Read Replies (5) \| Respond to of 74559

>>this, together with the fact that ACF Mike has returned, is a bad sign<< You know, Jay, I'd go dig up some old posts, but I can't be bothered, life's too short. You will probably agree that I have not been predicting stock market declines, regardless. The Dow's up what, 45% since October, 2002 and the Nasdaq's up 85%. Hell, even I'm up about 50% in 17 months, and you know how conservative I am. Not too shabby for a bear market, Jay.

To: TobagoJack who wrote (47935)	4/4/2004 3:12:45 AM
From: Dr. Voodoo	Read Replies (1) \| Respond to of 74559

hahaha.... I reckon we'll see. Just as I've been flat for most of this downturn, I've been reluctant to bite this bait, but I'm afraid with the employment numbers looking good, i might miss some good opportunities. not looking to load up the truck, just don't want to miss. Have no idea what looks good right now. Safe bets are still things like MON, NOI,,, etc. I expect that oil prices may lead to a sharp but unwarranted dip in equities , to which I am looking to buy and hold for...3-5 weeks...maybe shorter if things don't look the way I want them. Sorry, but I've been too busy with other things to post and trade mini's and commodities of late. cheers, Voodoo