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

To: Elroy Jetson who wrote (35853)	7/12/2005 4:28:22 PM
From: CalculatedRisk	Respond to of 110194

That is hard to argue with ... we probably have the most incompetent President in history and he wasn't quickly "replaced". If Snow became FED chairman (He has a PhD in Economics) that would be a stunning and I doubt he would be removed.

To: Elroy Jetson who wrote (35853)	7/12/2005 6:20:18 PM
From: Mike Johnston	Respond to of 110194

The incompetent could not keep postponing the recession. Better to have the recession now. Didn't you know, the specter of recessions has been totally eliminated from the economic picture. We as humans are smarter now, more sophisticated and more informed. Also governments have learned from blunders of the past and now can react quickly to any negative economic developments. This is the biggest wealth generating era in the history of humanity. You see, recessions are not only unnecessary, they are evil. If only BOJ acted faster in 1990 the Japanese would not have to suffer through the humiliation and tears for the rest of the decade. Now that we have eliminated recessions, next on the agenda: elimination of hurricanes so that anybody can enjoy a house on the beach without having to board it up few times a year.