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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: LindyBill who wrote (228659)	11/19/2007 6:11:28 PM
From: goldworldnet	Read Replies (1) \| Respond to of 794323

The main thing about the economy that I’m most unhappy with is Europe not pulling its financial weight with the War on Terror and our debt piling up. * * *

To: LindyBill who wrote (228659)	11/19/2007 9:13:03 PM
From: Joe Btfsplk	Read Replies (1) \| Respond to of 794323

The Fed finally learned how to balance... Couple of things make me real nervous about that. When Walter Wriston referred to gold as a barbarous relic, that signaled a buying window. When Nixon said "we're all Keynesians now" it marked the peak of a flawed strategy. Helicopter Ben recently acknowledged the debt owed Milton. Do I smell déjà vu all over again? Did Greenspan, now BB, actually follow Friedman's prescriptions? My feet hurt. I'm partial to cheap flops that were $6+ two years ago, $7 something December last, now $12.29 at WalMart. Real estate prices, now painfully correcting, were largely a monetary phenomenon. The surviving mortgage institutions and many banks seem in a world of hurt. Mighty smart folks have been fiercely battling for centuries about the nature of money and credit. My guess is that the arguments aren't yet settled.