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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: TH who wrote (104366)8/9/2009 7:34:43 PM
From: Elroy Jetson2 Recommendations  Read Replies (1) | Respond to of 110194
 
Perhaps you need a second reading to help stimulate your ability to understand. . . If there is some aspect of this chart which is unclear to you, feel free to ask for assistance.

Increasing debt at the same growth rate as income is normal.

Sadly, Reagan decided to grow debt dramatically faster than income based on delusional theories without any basis in fact. This was a catastrophe.


Why did Reagan create the debt problem instead of LBJ or Eisenhower?

I'm not sure, perhaps Reagan was criminally insane. Reagan's magic debt plan crippled economic growth.

One small part was Reagan's mad scheme "to get government regulators off the back of the Savings & Loan industry" which managed to implode the S&L sector within eight years, costing taxpayers a fortune.

Tax cuts paid for with massive new debts was another pillar of his Bad Deal program.

Regardless, the damage has been done, and the bill has come due.
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To: TH who wrote (104366)8/9/2009 7:52:54 PM
From: loantech  Respond to of 110194
 
OT:I have been an avid chess and checkers player in my life. One must play a lot of checkers to see the board "float around" and to see the squares move so to speak. Checkers is in no way a one dimensional board game as we know that chess is not. The moves in checkers are very intricate IMO. I can usually defeat most opponents but no doubt any one of any skill I may lose to.

Too bad that children now do not play outdoors as much as in the 50's and 60's nor do they play checkers or chess as much. Nor do they play Chinese checkers or dominoes other games that are a bit more complicated than deemed by most.

CHECKERS DOES INTEREST ME.

Tom