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I just had another thought. If the tax cut that was passed by the House and
Senate is intended to prop up the sagging markets, then despite all the
threats Clinton will probably sign some kind of tax cut; especially if we
see more sagging. If we had a severe crash like the crash of ‘29 you could
say goodbye to social security and social programs unless the government
were to seize all assets that were not wholly owned and go socialist. For
the record I'm not forecasting any crash, but I've been hearing a lot more
talk of it lately. Can you imagine the havoc that would happen to the
election if a crash happened this year or next?
Brent
-----Original Message-----
From: BobsKC <bobskc@xxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxx <realtraders@xxxxxxxxxxxx>
Date: Sunday, August 08, 1999 4:52 PM
Subject: Re: market manipulation
>On this topic.. I wonder what Greenspan would think about a huge down turn
>in the equity markets and the resulting devastation of American's savings?
> An already debt ridden populance losing the only savings they have. No
>charts, no history, no principals can possibly take into consideration this
>huge influx of the average joe into the stock market. Greeny worries a lot
>about destabalizing the economy and a washout of American savings isn't
>exactly a warm and fuzzy contemplation.
>
>Bob
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