Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: jttmab who wrote (218327)	2/13/2007 10:34:38 PM
From: Katelew	Read Replies (1) \| Respond to of 281500

Carter was also a victim, to some extent, of demographics. Those were the 'household formation' years for the boomers. Young people were marrying and starting families....buying houses, furnishings, appliances, etc. The classic defnition of inflation is too many dollars chasing too few goods. That is basically what was happening then. It was also aggravated by the numbers of women entering the workforce and upping household income. And again, market psychology took hold, esp. in the real estate area with above average speculation, adding to the underlying inflationary trends.

To: jttmab who wrote (218327)	2/13/2007 10:36:54 PM
From: Dayuhan	Read Replies (1) \| Respond to of 281500

Clinton had nothing to do with the rising stock market, the NAS was bloated because of the New Economy garbage. But that brought in more revenue to help the Federal budget deficit. Presidents claiming credit for the economy is nothing but a scam. I agree with the conclusion, but I think you miss two key factors driving the Clinton era stock markets. First, demographics: the baby boom generation arrived at its peak years of productivity, earning, spending, and investing. Because many of them had never seen a crash, irrational exuberance came naturally. Second, technology: a whole generation of innovations moved from the geek world to the desktop and the shop floor, driving considerable increases in productivity.

To: jttmab who wrote (218327)	2/14/2007 8:09:38 AM
From: Ilaine	Read Replies (1) \| Respond to of 281500

Presidents claiming credit for the economy is nothing but a scam. Agree, more or less. Presidents appoint the Chairman of the Board of Governors of the Federal Reserve, who have a lot of effect on money supply and a lesser effect but still significant on interest rates, and Reagan appointed Alan Greenspan, which was one of Reagan's best moves. I also think Bush appointing Ben Bernanke was a good move. Presidents also appoint Secretaries of the Treasury, who also affect interest rates and money supply. Presidents also have their personal favorite legislative items, which they are willing to twist arms and horse trade with Congress in order to achieve. Interest rates, money supply and tax policy do affect the private sector, but these are nor things any president can affect directly. I believe that the president does appoint the members of the PPT -- Plunge Protection Team.