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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Terry Maloney who wrote (399449)	1/13/2010 7:50:10 AM
From: Box-By-The-Riviera™	Respond to of 436258

LOL. i wasn't even a tween yet. funny thing, they left their electronic piano or organ or whatever it was, in the house.

To: Terry Maloney who wrote (399449)	1/13/2010 7:59:01 AM
From: Box-By-The-Riviera™	2 Recommendations Read Replies (1) \| Respond to of 436258

a bit of memory lane and a reminder of just how things really are: i recall in the 1990's period how a number of people, bears of course, would complain vehemently about japan government policy and the japanese central bank after the japan crash.............. from allowing the banks to stuff their negative loans into off balance sheet vaults, currency manipulation of the yen, massive government deficit spending, etc................................... and they used to say mainly, because japan took its fiscal marching orders from the US Federal Reserve aka Greenspan. The japanese had no guts or brains, and were mere vassals of USA trade policy (the Strong Dollar years). The only Austrian school talking points you could find on the subject were either an obscure internet enabled voice on the subject in the name of Heinz Blasnik, or the ever determined writings of Reichebacher, and a few others who do not now come to mind. Most bears, if they operated out of common sense or Austrian school financial and economic decency, lived a pretty rough life when not taking into consideration the government mandated acts meant to delay the day of true accounting, and promote inflationary/debasement-ary policies to bring those dark secreted negative numbers somehow magically back into at least a zero balance line. Smart bulls knew the government (s) would have their backs. They've had plenty of examples, Enron being one of the largest, where in the aftermath, one can only laugh at how little has changed at the FASB or anywhere else, despite all of the grandstanding to the contrary. Enron was in fact a finishing school along with LTCM, for anyone wishing to learn the finer art of paper mache finance and micro economic mis management of risk versus reward. Black Shoals indeed! and now here we are saying the very same things about the USA (that were said about japan), and watching the very same machinations across the entire landscape, and once again, ground zero's location is Washington DC and the directives are still Greenspan's. Now that the maestro has been discredited into (finally) near silence, how is it, even in the face of these proved outcomes derived from his legacy, the disconnect continues. Well, only a naive Austrian schooled bear would ask a question like that, I presume.