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

To: Elroy Jetson who wrote (68310)	8/30/2007 10:47:56 PM
From: andiron	Respond to of 116555

market turmoil/recession/wall-street lay offs are part of the CREATIVE DESTRUCTION without which capitalism is doomed. From the ashes comes a new lease of life: Young, vibrant and strong. when people say that FED has managed to avoid this by some kinda policy for the last 30+ yrs, you have to wonder.

To: Elroy Jetson who wrote (68310)	8/31/2007 1:28:34 AM
From: NOW	Read Replies (1) \| Respond to of 116555

“Traders who would formerly have taken the precaution of reducing their commitments just in case a reaction should set in, now feel confident that they can ride out any storm which may develop. But more particularly, the repeated demonstrations which the market has given of its ability to ‘come back’ with renewed strength after a reaction has engendered a spirit of indifference to all the old time warnings. As to whether this attitude may not sometime itself become a danger-signal Wall Street is not agreed.” - New York Times, September 1, 1929

To: Elroy Jetson who wrote (68310)	8/31/2007 2:14:26 AM
From: benwood	Read Replies (1) \| Respond to of 116555

Greenspan may have thought it was "theory" but it was just hypothesis. Spending trillions of dollars to test your hypothesis usually would be considered a bit foolish, except to the delusional. And oddly enough, there are multiple $trillion plus hypotheses being field tested simultaneously by various gov't agencies. I think the generation between Gen-X and the Greatest Generation should be the All-In generation. But I'd rather them, ahem, us, Generation Whacko.