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


To: Little Joe who wrote (94030)2/9/2009 11:48:56 PM
From: mishedlo1 Recommendation  Read Replies (2) | Respond to of 116555
 
The biggest two things Clinton had at his back were

1) The internet boom increased productivity massively
2) Consumer attitudes

#1 was what allowed Greenspan to reduce rates withing causing price inflation. That in turn fueled the stock market

#2 Boomer attitudes towards buying stuff, computers, cars, boats, houses, etc was on the rise. This too created jobs

Look around now at the attitudes toward debt and the ability for Bernanke to cut interest rates lower. Look for a productivity boom of any kind. The "peace dividend" was simply icing on the cake then and even that is missing now.

Mish



To: Little Joe who wrote (94030)2/10/2009 10:10:16 AM
From: Mike M2  Read Replies (1) | Respond to of 116555
 
LJ, Clinton also had the benefit of huge capital gains tax receipts from the stock market bubble.