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


To: Knighty Tin who wrote (22023)11/19/2004 11:48:59 AM
From: SeaViewer  Read Replies (1) | Respond to of 110194
 
Yen is below 103. Where is BOJ?



To: Knighty Tin who wrote (22023)11/19/2004 1:26:39 PM
From: John Vosilla  Read Replies (2) | Respond to of 110194
 
I think Greenspan has done a total reversal of the inflation hawk he was in the first half of his 17 year term. It is when he thought somehow he could smooth out the economic down cycles by inflating assets to keep consumers borrowing and spending that the real problems started to occur.

His comments these days are truly to cover his ass. Hey he told everyone they borrowed to much even though he gave no incentive to save. That housing price rises were unsustainable yet he tell everyone to get an adjustable rate mortgage so they can go into even greater debt on an even bigger home they could never really afford. That they needed to further educate themselves even though many of the good paying jobs are in housing that don't require much education.

<Yeah, this is Greenspan's way of saying that the coming depression is all Bush's fault, not his. Admittedly, Bush is a monkey fish, but Greenie has been working on destroying America since Reagan, so it isn't all the fault of monkey fish economics>



To: Knighty Tin who wrote (22023)11/19/2004 6:24:34 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 110194
 
abandonment of mfg base to Asia over 30 years
most significant element of all that I have observed
which led us squarely into financial engineering pathogenesis

shift in economic numbskull thought is right up there
outsourcing jobs creates net new jobs -- stupid
foreign TBond ownership signals US strength -- stupider
consumption leads investment -- stupidest

WE ARE ACTIVELY WORKING TOWARD ECONOMIC DESTRUCTION
our economists make it up as we go
we invent Wizard of Oz Economics
it is almost all backwards
it is intended to justify consumption excess and debt dependence
reminds me of addicts who build an entire system to justify their little warped system
only ours is not little, and has engulfed the world economy

I love the claim of deficits are stimulative
temporarily sure
just like surpluses and excess savings are the opposite
see Japan

The current administration, it appears, operates under the notion that twin deficits are stimulative and positive. So is cardiac electrical shock with paddle boards stimulative to a heart attack victim flat on his back. It is not positive.

/ jim



To: Knighty Tin who wrote (22023)11/20/2004 2:04:46 PM
From: Mike M2  Read Replies (1) | Respond to of 110194
 
KT, I would put the start date with LBJ. Mike



To: Knighty Tin who wrote (22023)11/22/2004 9:39:49 AM
From: Knighty Tin  Read Replies (1) | Respond to of 110194
 
Mike, LBJ was fiscally nuts, a lot like Bush. But he didn't have a rubber stamp Fed Chairman. Nor did Tricky Dick. And that's why we had the big blah from 1966-1972, then the crash of 1973-1974. Greenspan has been a loose cannon and it was Reagan who appointed him. With loosey-goosey fiscal and monetary policy running at the same time, we have doubled our chances at economic ruin.