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The only way to rescue the economy at this point is to let it play
out cold turkey and start with a clean slate. Artificially low
rates, tax cuts and gov't spending will only allow the unproductive
to survive and extend the suffering. Did zero percent interest rates
and massive gov't spending do any good in Japan?
The best way to restore confidence is to start putting the corporate
crooks in jail. Low rates will only create a debt bubble which is
far worse than a stock market bubble. We can do without a stock
market but we cannot do without a debt market.
--- In realtraders@xxxx, "charles meyer" <chmeyer@xxxx> wrote:
> Scapegoat time. Interesting how this parallels Hoover's ramblings
about
> business during his administration.....
>
> Will we see massive cuts in any type of government spending?
> Will we see massive tax cuts?
>
> These two prerequisites would be necessary to rescue any faltering
economy
> but we all know those two ideas will never happen.
>
> No politician of ANY ilk have either the principles or the backbone
to do
> what is necessary to save a teetering economy.
>
> chas
>
> ----- Original Message -----
> From: Jim Johnson <jejohn@xxxx>
> To: M. Simms <realtraders@xxxx>
> Sent: Friday, August 02, 2002 1:55 PM
> Subject: Re: [RT] Here's another good one: Bush's new ideas...
>
>
> > Hello M.,
> >
> > Last night a news announcer mentioned that the dow was down x
points
> > "in spite of the fact that more executives were lead away in
> > handcuffs." Obviously we have a new technical indicator here.
And
> > all we need to do is cuff enuf execs and the market will rally.
Cuff
> > the Congress in mass, the market will take off. Cuff all the news
> > anchors and it will be euphoria.
> >
> >
> > Best regards,
> > Jim Johnson mailto:jejohn@x...
> >
> > --
> > Friday, August 2, 2002, 2:38:34 PM, you wrote:
> >
> > MS> since he met with his "economic advisors" yesterday (Laurel
and
> Hardy)....
> > MS> here is his next move:
> >
> > MS> Handcuff bank executives and loan officers if they are found
to be lax
> in
> > MS> making bank loans to corporations.
> >
> > MS> If that doesn't work, then he'll send special forces to the
CME and
> arrest
> > MS> all traders shorting the S&P or Nasdaq 100 futures.
> >
> > MS> Soon, everyone will be in jail....NO MORE ECONOMIC
PROBLEMS....
> > MS> as the economy will be eliminated !!!
> >
> >
> >
> >
> > MS> To unsubscribe from this group, send an email to:
> > MS> realtraders-unsubscribe@xxxx
> >
> >
> >
> > MS> Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
> >
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