5 replies to this topic

[pdx5]

Gold is saying the risk may be in recession based deflation, not inflation
immediately ahead.

Pitbull shows not a single category in positive area...all are negative or 0.

http://www.wwfn.com/crashupdate.html

Edited by pdx5, 02 March 2007 - 03:51 PM.

[selecto]

[pdx5]

Reagan inherited double digit interest rates and double digit inflation rates from Nobel prize winner Carter. By the time Reagan was done, economy was doing great, Amreican power and prestige was restored. Bush I deserves to be maligned for giving in to tax raisers and like clockwork the economy tanked. Bush II inherited the internet bubble from Clinton and soon after that 911 was forced on the country. His taxcuts helped revive the economy. If it was not for the credit bubble created by 1% Fed funds rate and close to zero % rates in Japan, we might not be looking at another pricking of the bubble. If the government will stay small, keep taxes low, and stop the drastic changes in interest rates trying to fine tune the economy, we may have a tranquil economic life. But don't hold your breath.

[ed rader]

Reagan inherited double digit interest rates and double digit
inflation rates from Nobel prize winner Carter. By the time
Reagan was done, economy was doing great, Amreican power
and prestige was restored.

Bush I deserves to be maligned for giving in to tax raisers and
like clockwork the economy tanked.

Bush II inherited the internet bubble from Clinton and soon after
that 911 was forced on the country. His taxcuts helped revive
the economy. If it was not for the credit bubble created by 1% Fed
funds rate and close to zero % rates in Japan, we might not be
looking at another pricking of the bubble.

If the government will stay small, keep taxes low, and stop the drastic
changes in interest rates trying to fine tune the economy, we may
have a tranquil economic life. But don't hold your breath.

bush II cut taxes while forcing us into an unfunded, unnecessary war that will cost u.s. taxpayers at least a trillion dollars but probably much more.

he also created the most expensive social giveaway program ever -- the medicare prescription bill.

so yeah don't hold your breath .

ed rader

Edited by ed rader, 02 March 2007 - 06:56 PM.

[LongShort168]

nothing new, it is all about taking from the poor and giving to the rich...

[pdx5]

Ed Rader.. I agree 100% the giveaway medicare prescription program is another example of our welfare mentality. I am all for cutting it out. I am also for privatizing social security since it is headlong into bankruptcy anyway. Bush did one good thing....cut taxes. But he has not vetoed any spending bills that I know of. I hope we get a real conservative in 2008. The federal government should have only 2 major functions...defense and internal security. Cutout all the social programs on which we spend 5 times the defense budget. If that happens, we will again have the strongest economy in the world. And the stock market will go through the roof. But I won't hold my breath.