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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (10325)	8/7/2004 11:43:14 PM
From: mishedlo	Read Replies (1) \| Respond to of 116555

the debts must reduce the hard way the real economy must return back to our shores from Asia the USDollar must come down 40% more bankruptcies must increase many multiples groundwork for national initiatives must be laid / jim Welcome back to the deflation club. Mish

To: Jim Willie CB who wrote (10325)	8/8/2004 12:10:56 PM
From: Steve Lokness	Read Replies (2) \| Respond to of 116555

Jim, well this statement of yours I do disagree with; <<I would give 90% blame to Greensleeves, 10% Bushy Mankiw>> Greenspan did not push through the tax cuts that have mushroomed the deficit again. Furthermore the President has a lot of power over Greenspan if he wants to use it - he didn't. It is the role of a President to lead. If America is going down the wrong path the President can - indeed should - use the bully pulpit to turn the ship towards shore. Turning the ship towards the hurricane all the time whistling yohoho, does NOT give you a pass of 10% culpability as Commander and Chief. Respectfully; steve