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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Skeeter Bug who wrote (88545)	7/5/2009 8:21:48 PM
From: Larry S.	Read Replies (1) \| Respond to of 94695

Yes, things are going to be difficult. How do you think we can avoid very serious difficulties? I agree with your comments about Reagan. He started us down the road of deficits don't count. I expected him to eliminate the Unified Budget but he not only dumped Volker and appointed Greenspan but he maintained the UB to help hide deficits. His deregulation of Telecom destroyed the greatest R and D Org. ever and caused the resultant surge in mal-investment, which made Clinton look good, an additional major negative. FWIW, the worst of our present situation, in my view, is the fact that the financial part of our economy now accounts for nearlly 50 percent of corporate income. It was 16 percent when Reagan took the Presidency. Larry