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June 29, 2004

Comments

John Spadafora

You are correct about the job comparisons. It unfair to compare the job situation today to the abnormally high employment numbers seen during the bubble.

But, according to the Edmund Andrews article you've posted, Greenspan is the one that created the economic bubble, not Clinton.

Elliot Wave Theory tells us that the economic bubble was going to happen regardless. In my opinion the Elliot Wave people have it mostly right -- the bubble has been generations in the making and really shouldn't be blammed on a single Administration or even a Fed Govenor.

If you want to blame someone, blame Nixon. He's the one that got us off the Gold Standard, ultimately allowing Greenspan to expand the money supply so dramatically.

Bushes bigest mistakes have been the budget busting Tax Cuts for the Rich and the War with Iraq. Both may have helped to hold off the inevitable downturn but future generations will be paying the price of a runaway budget deficit that has become a monster and the downturn will probably we worse because of the delay.

Think about this too. Regardless of the short term scenario... The Baby Boomers haven't saved for retirement and the social programs in place to support them will be unable to meet their commitments.

Once people wake up to these facts, things are going to get very interesting.

Aside from economics, the Prisoner Abuse Scandal has proven that Bush has chosen to deliberately violate the Geneva Convensions and set the U.S. up for embarassment and riducule. I can't believe they took pictures of these crimes. Lower level troops are going to take the fall for this when, really, the people at the top should be held accountable.

Adrian Spidle

You are correct about the job comparisons. It unfair to compare the job situation today to the abnormally high employment numbers seen during the bubble.

But, according to the Edmund Andrews article you've posted, Greenspan is the one that created the economic bubble, not Clinton.

YES, BUT, WHILE GREENSPAN IS "INDEPENDENT" HE ISN'T IMUNE TO THE ADMINISTRATION. A FRIEND OF MINE WHO WAS IN THE CLINTON ADMINISTRATION DID TELL ME HOW HE WAS IN DISCUSSIONS WITH GREENSPAN ABOUT THIS VERY ISSUE.

THEY AGREED THAT THE IMMEDIATE EXTRA JOBS WAS WORTH A DEEPER RECESSION "IN THE FUTURE."

Elliot Wave Theory tells us that the economic bubble was going to happen regardless. In my opinion the Elliot Wave people have it mostly right -- the bubble has been generations in the making and really shouldn't be blammed on a single Administration or even a Fed Govenor.

UP TO A POINT. ADRIAN'S THEORY OF ECONOMIC MOMENTUM SAYS THAT THE ECONOMY FLUCTUATES AROUND CHANGING TREND LINES AND THAT THE INTEGRAL OF THE UPSWINGS FROM THE TREND LINE ARE EQUAL TO THE INTEGRAL OF THE DOWNSWINGS FROM THE TRENDLINE PLUS A FEW OTHER FACTORS.

MONETARY POLICY AFFECTS THE FLUCTUATIONS WHILE FISCAL POLICY AND PRODUCTIVITY AFFECT THE SLOPE OF THE TREND LINE.

IN OTHER WORDS, THE STEEPER AND LONGER THE "RECOVERY" THE DEEPER AND LONGER THE RECESSION ABSENT TAX CHANGES AND PRODUCTIVITY CHANGES.

If you want to blame someone, blame Nixon. He's the one that got us off the Gold Standard,

THAT WAS BAD. CLINTON WAS A BETTER REPUBLICAN THAN NIXON.

ultimately allowing Greenspan to expand the money supply so dramatically.

Bushes bigest mistakes have been the budget busting Tax Cuts for the Rich and the War with Iraq. Both may have helped to hold off the inevitable downturn but future generations will be paying the price of a runaway budget deficit that has become a monster and the downturn will probably we worse because of the delay.

YOU NEED TO LEARN SOMETHING YOU APPARENTLY DON'T UNDERSTAND. TAX RATE CUTS, UP TO A POINT, ALWAYS INCREASE REVENUES AND NEVER DECREASE THEM. DEMOCRAT ECONOMISTS KNOW THIS BUT HATE IT SO THEY WON'T ADMIT IT VERY READILY. CLINTON EVEN ADMITTED IT.

ALSO, YOU CLEARLY DON'T UNDERSTAND THE EXTENT OF THE THREAT OF THE ISLAMISTS, SO YOUR OPINIONS ON THIS MATTER ARE WITHOUT VALUE.

Think about this too. Regardless of the short term scenario... The Baby Boomers haven't saved for retirement and the social programs in place to support them will be unable to meet their commitments.

LET ME GET THIS STRAIGHT, YOU WANT US TARDY BABY BOOMERS WHO ARE HUSTLING TO SAVE ENOUGH MONEY TO RETIRE TO PAY MORE TAXES SO THE GOVERNMENT WILL GIVE US A FRACTION OF THOSE TAXES BACK? I THOUGH YOU WERE COMPETENT IN MATHEMATICS.

Once people wake up to these facts, things are going to get very interesting.

YOUR "FACTS" ARE OBVIOUSLY NOT REAL FACTS. DON'T HOLD YOUR BREATH.

Aside from economics, the Prisoner Abuse Scandal has proven that Bush has chosen to deliberately violate the Geneva Convensions

MORE PHONY FACTS.

and set the U.S. up for embarassment and riducule.

THE DEMOCRAT CONTROLLED MEDIA DOES THIS ALL THE TIME ANYWAY.

I can't believe they took pictures of these crimes.

COMPLETE IDIOTS.

Lower level troops are going to take the fall for this when, really, the people at the top should be held accountable.

SAD BUT TRUE, AND PERHAPS NECESSARY.

Posted by: John Spadafora

OTHERWISE A GREAT COMMENT.

THANKS JOHN,

ADRIAN

herbie

hi.
in a capitalist economy, greed and fear are the main components of where the economy are going in the short and medium term, both extremely noisy phenomena, in the longer term technology, education, relative international position- i.e. burdens on productivity- trophy homes, military spending, disease, ageing population, domestic and international capital flows will make the dance- so my friend don't get too caught in the winds of the moment.
yours,herbie

Adrian Spidle

hi.
in a capitalist economy, greed and fear are the main components of where the economy are going in the short and medium term, both extremely noisy phenomena,

WHAT ABOUT AMBITION, MOTIVATION, WORK ETHIC, HONESTY, ALTRUISM AND LOVE?

in the longer term technology, education, relative international position- i.e. burdens on productivity- trophy homes, military spending,

AREN'T THESE RESULTS OF PRODUCTIVITY?

disease, ageing population,

DON'T THESE MOTIVATE PRODUCTIVITY?

domestic and international capital flows will make the dance-

BUT WHAT CAUSED THOSE FLOWS AND THEIR CHANGES?

so my friend don't get too caught in the winds of the moment.
yours,herbie

Posted by: herbie

IT'S REALLY GREAT TO CONTINUE OUR YOUTHFUL MENTAL PERIGRINATIONS!

ADRIAN

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