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

To: Knighty Tin who wrote (11224)	8/31/2004 3:29:00 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 116555

..,, I think that the US is facing now the damage inflicted by Clinton & Rubin and his strong dollar policy which was used as a cover up to trade deficit and substantial inflation. Unfortunate under Rubin the most destructive changes in government statistics were put in place to diminish the real inflation and exaggerated GDP, and exaggerate real income If not for the strong USD I wonder if companies were running to offshore contracting as fast as they did since 1996/8. After this business practice was put in place all went very smooth forward and million of US jobs were lost forever. If the USD would be left alone the USD index would never reach the 120 level and outsourcing would have moved at a much slower pace. The USD move under Rubin from today levels to 120 inflicted a lot of harm to the real US economy. Without Rubin and his gang of thieves and swindler the standard of living in the US would be much better and WS much less powerful. Fancying yourself with the concept that Kerry will bring us prosperity and better standard of living is a fantasy – from the team he chose he will postpone even more the inevitable and bring us to harsher economic hardship later. Snow does a “snow job” and nothing more and is not posing the dangers of Rubin who with his policies will financially ruin additional millions of people and families to keep the administration afloat on perception and WS fantasy. To many forget that the biggest and the most destructive financial bubble was under Clinton and Rubin and their ill conceived fiscal and monetary policies (as the FED stopped to be independent under the pressure of the Clinton administration). … be careful what you wish for … Kerry may be worst than Bush (even that it may be a difficult task to be worst than Bush in economic policies …. but who knows …) It is sad that the US lacks a real team of leaders who really and truly care about their constituency and their people.