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

To: Oblomov who wrote (83219)	6/30/2007 12:04:54 AM
From: regli	Read Replies (2) \| Respond to of 110194

"... The new calculation of the CPI (hedonic adjustment, chain weighting) began in 1995. Rubinomics was a deliberate juicing of the bond market, an appeasement of the "bond vigilantes". It spilled over into stocks, houses, Russian bonds, Asian currencies, and lots of other things except commodities. ... I realize that these facts get in the way of your political narrative. Simply put, neither major party has been a guardian of sound money or an advocate of fiscal probity." I don't think you are either fair nor accurate. Did you somehow miss who the initiator of the Boskin commission was? MAJORITY LEADER PROPOSES A PANEL ON INFLATION INDEX select.nytimes.com By RICHARD W. STEVENSON Sen majority leader Trent Lott proposes commission to find way to fix Consumer Price Index, Government's main inflation gauge, providing possible political cover for deal that would help balance budget by reducing cost-of-living increases for Social Security; Lott's proposal is first from Republican leader to solve problems with index, which many economists believe overstates inflation and leads Government to overcompensate benefit recipients by billions of dollars a year Blaming Rubin might be convenient but the key supporters where quite wide-spread and not at all primarily in the administration: Greenspan Urges Action to Curb Cost-of-Living Rises in Benefits select.nytimes.com By RICHARD W. STEVENSON Federal Reserve Chmn Alan Greenspan urges Congress to limit cost-of-living increases for Social Security and other Federal benefits; says Labor Dept should speed its efforts to fix shortcomings in its main measure of inflation, Consumer Price Index, that have led to overstating increases in cost of living by about one percentage point; says Congress should establish independent national commission to set more accurate cost-of-living increases; says putting brake on cost-of-living increases could... Clearly there was a lot of opposition from Democrats in general and much support from Republicans. Posing it as you did in your post is highly inaccurate and totally misses the debate of the day. Moves Continue on Price Index Changes select.nytimes.com By RICHARD W. STEVENSON Clinton Administration and Congress are considering one of most sensitive issues they will face this year--whether to reduce cost of living adjustments for Social Security; Federal Reserve Chmn Alan Greenspan urges House Banking Committee to appoint commission that will provide better estimate of increases in cost of living than Consumer Price Index; White House is sounding out Congressional Democrats and Republicans about whether there is some middle ground on issue.

To: Oblomov who wrote (83219)	6/30/2007 6:05:10 PM
From: John Vosilla	Read Replies (4) \| Respond to of 110194

'And though you didn't mention it, what about the go-go stock mania of the 1960s, when the Dems controlled every branch of government by a huge margin? Were lending standards too lax then?' You are comparing today to the 1960's? My gosh my grandfather couldn't get a mortgage without 50% down back then. That was a world of paying down your debts. Flip to today my retired dad gets inundated with mortgage offers on a daily basis. The poor guy can't even get his afternoon nap as call after call is from predatory lenders desperately trying to get him to borrow money. 'I realize that these facts get in the way of your political narrative. Simply put, neither major party has been a guardian of sound money or an advocate of fiscal probity' Both parties s&&&&&ck. Are you happy? But the Bush economy of debt slavery and massive deficits or Larry Kudlow rants of tax cuts are the pits considering local taxes in many parts of this country have tripled in recent years and inflation is running at easily double or triple the increase in J6P's earnings. I'll take divided gov't anyday.