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

To: mishedlo who wrote (20656)	1/6/2005 10:29:11 PM
From: RealMuLan	Read Replies (1) \| Respond to of 116555

Mish, you forgot to mention about the suggestion of SS benefit cut Bush favors. That alone might save a trillion or two<g> reuters.com

To: mishedlo who wrote (20656)	1/7/2005 7:53:53 AM
From: TH	Respond to of 116555

mish, Spot on, as usual! I have to get back to these credit card applications. Just 50 more to go. Then of course I need to find a bullion dealer that will accept Visa -g- GT TH

To: mishedlo who wrote (20656)	1/9/2005 11:15:18 AM
From: gregor_us	Read Replies (1) \| Respond to of 116555

My View is That Your Laundry List of Horrors Has Only just begun to be priced in, to the USD. The post-election selloff was mere prelude. The behavioral psychologists call this Conservatism--even information which is widely distributed like the coming supplementals for Iraq/Afghan and the mind-blowing borrowing plan for SS reform have not yet been reacted to. Let's see if I have this correct 1)We are goona freeze (not reduce) 1/6th of the budget 2)We are not goona freeze 5/6ths of the budget 3)We are not gonna count money needed for Iraq or Afganistan 4)We are gonna "solve" SS by blowing $1-2Trillion right now but of course but we are not gonna count that either 5)We are committed to reducing the deficit by half by 2009 6)Even if you are not laughing out loud right now at this preposterous proposal, gradually reducing the deficit by half between now and 2009 will add a mere $1T to the national debt by 2009. (not counting the $1-2T for SS reform or the $.5T we might blow in Iraq (if not more), nor does it do ANYTHING abiout the far bigger problem of medicaid/medicare. All this is talked about on TV, on the nightly news, in newspapers. But it will need to pass through several more layers of reality. I have tipped the Bush Inauguration-Budget Period as the time your laundry list suddenly "goes live." Best, LP