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

To: fred woodall who wrote (88554)	7/6/2009 8:08:20 AM
From: GROUND ZERO™	3 Recommendations Read Replies (1) \| Respond to of 94695

Excellent post... the only difference is that obama is going to make the carter years look like a high school rehearsal... obama is going to trash and crash America, at the core he is not patriotic and has no central values... watch what these markets do as reality begins to set in... GZ

To: fred woodall who wrote (88554)	7/6/2009 10:26:57 AM
From: Skeeter Bug	3 Recommendations Read Replies (1) \| Respond to of 94695

>>The sad fact is those too young to remember those posts Reagan years will get an opportunity in the near future to see for themselves what a full blown depression, sorry I meant recession, looks and feels like. << the problem with your argument, as i see it, is that you disconnect reagan from what we are going through today. part of the reasons the 80s were so good is that we sold out our future to make it good. now we are, in part, finally paying for the "reagan revolution." imho... when the 80s are fully paid for, they won't be as good as you think they were

To: fred woodall who wrote (88554)	7/6/2009 4:14:35 PM
From: Larry S.	4 Recommendations Read Replies (1) \| Respond to of 94695

Fred, Your stock market savvy exceeds anything I can hope to achieve but your memory of the Carter and Reagan years are quite different than mine but then I was in my 50s and focussed on means of transmitting bits on wire pairs. I also know what a real recession is because I grew up during one. It makes me a little angry when I think about the world my Grandchildren may experience because of the path Reagan started us down. Reagan talked a good line and was clearly well intentioned but he didn't eliminate the Unified Budget as real conservatives expected. He kept it to help hide the deficits. He maximized its impact by raising the payroll tax rates to create a large SS revenue surplus. He completed the deregulation of telecom which stimulated the worst period of mal-investment the world has experienced. And he benefited from Carter's appointment of Volker but replaced him with Greenspan, who took advantage of Volker's efforts and activated the printing press In addition, if you read the Daily Reckoning, you would know that it was largely the actions of the BIS that bankrupted the Soviets. Reagan's actions helped but he receives more credit than he deserves. I recently read where, before Reagan, the contribution of the financial related part of our economy to corporate profits was only 16 percent but it is now approaching 50 percent. To me this is just as telling as our growing debt. The illusion of a good economy during the past 25 plus years have been based on borrowing. But, it isn't just the debt that must be dealt with. We have reform and take away to power of Wall Street. I agree that the game is up. But I don't blame Obama, though I don't agree with his policies, as he wouldn't be there is it weren't for the mess created since 1980. Larry