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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (53958)3/30/1999 2:36:00 PM
From: Earlie  Read Replies (1) | Respond to of 132070
 
Mike:

Basically, I agree. I suspect that a Volker would have acted and just run right through any opposition, or stuffed a cigar butt in the eye of anyone who got in the way, but A.G. is not Volker. Also, I don't know how the other forms of "money-printing" would have responded.

Anyway, it doesn't matter, as we are all funnelling towards the meat grinder and we don't want to be holding hands with those who are long. I suspect that as frustrating as this extended bull market has been, bears, and/or members of this thread will endure the slings and arrows of the follow-on depression in better shape than the lambs. (g)

Best, Earlie



To: Mike M2 who wrote (53958)3/30/1999 4:26:00 PM
From: MythMan  Respond to of 132070
 
>>. Ludwig von Mises said " there is no means of avoiding the final collapse of a boom expansion brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved" from " Human action' p. 576<<

Is the date on that writing BC? -g-

Lighten up the reading, go buy a People and chill out ho ho ho


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