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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (584897)	6/23/2004 5:23:32 PM
From: Bald Eagle	Read Replies (1) \| Respond to of 769670

RE:This is gonna end very, very badly. Mark my words. Oh, shut up, prophet of doom.

To: sea_biscuit who wrote (584897)	6/23/2004 6:15:09 PM
From: DuckTapeSunroof	Respond to of 769670

"...what we are seeing now as a "resurgent economy" is in fact another freakin' bubble. Bubble boy Greenspan has succeeded in reinflating the stock bubble... and Greenspan has even outdone himself in the bubble department -- this time, he has also created a bond bubble, a mortgage refi bubble, a housing bubble and a consumer debt bubble." Two points: 1) After a hard crash, you always get a bounce --- even if it's just a 'dead cat bounce'... so, the 50% retracement in the indexes is not unexpected or unusual. 2) With the Fed stage-managing a massive and unprecedented 'liquidity infusion' into the economy... carpet bombing the economy with a $ Trillion plus in fiat money, running the printing presses full-out... a reflation of financial assets (however temporary) is only to be expected. As Buffett famously said: "If you gave me a Trillion Dollars, I could throw a Hell of a party too!" But, as you pointed out, reality will eventually assert itself. My personal guess is that this will be completely obvious by 3rd. to 4th. Q. '05.