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At 07:41 AM 9/22/2002 -0700, you wrote:
>They have also convinced the world that the civil war was fought over
>slavery.
Yes and that Abe Lincoln was the "Great Emancipator" when he freed not a
single slave. If anyone bothered to actually read the Emancipation
Proclamation, they would see that he frees those slaves in the states which
are in rebellion against the United States of America. Since he was the
the leader of The Confederate States of America and since he did not free a
single slave in the north or even in the few neutral states, it was obvious
that he was only inciting young yankees to join the army and to hopefully
cause southern slaves to rise up. (More plantations and slaves were owned
by yankee businessmen than by southerners).
The War for Southern Independence was fought over state's rights and the
fact that the side in favor of state's rights lost, is all too evident
today. The following is a quote from Lincoln. "If I could end this war by
freeing all of the slaves, I would do that and if I could end this war by
freeing none of the slaves, I would do that" Those states that seceded had
every right to do so. No one argued that then or now. Lincoln used any
and all means to bring them back including the loss of more men than all
our other wars combined. (More in 3 days at Gettysburg than all the years
of Viet Nam).
hmmm.... I seem to be ranting. :)
Bob
A proud Tennessean
>----- Original Message -----
>From: "Charles Meyer" <chaze@xxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Sent: Sunday, September 22, 2002 7:05 AM
>Subject: Re: [RT] From this week's Barron's:
>
>
> > Everyone has been brainwashed to believe that one of the reasons 1929
> > occurred was
> > because of poor judgment on the part of the FED re restrictive money.
>While
> > a case can be made
> > that monetary policy was restrictive; a logical case can also be made that
> > it was also the FED's
> > easy money policies that led to the Great Depression in the first
>instance.
> > Surely there were
> > other contributing factors; but everybody has bought into the idea that
>the
> > FED is all knowing
> > and can do no wrong.
> >
> > chas
> >
> >
> > ----- Original Message -----
> > From: Daniel Goncharoff <thegonch@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Sunday, September 22, 2002 8:55 AM
> > Subject: [RT] From this week's Barron's:
> >
> >
> > > From An Interview With John Ballen:
> > >
> > > Q: Layoffs are still a concern. Industrial production is down. Pricing
> > > power is scarce. So is the economy really improving?
> > > A: The unemployment number came down in the most recent time frame. The
> > > indicators do suggest the economy is improving, maybe not at a rapid
> > > rate, but definitely improving. The people with negative outlooks refer
> > > to two time periods, 1929 and Japan since 1989. Japan isn't a fair
> > > analogy at all. They never readjusted their economy, and they continue
> > > to invest in companies that don't have sound fundamentals. The
> > > equivalent would be if we kept investing in Internet companies with
> > > skyhigh valuations. In that case, we would have poor earnings growth for
> > > the next 15 years like Japan. Instead, many Internet companies with bad
> > > business models have gone bankrupt, and capital is going into companies
> > > that have sound business models and provide a return on investment. That
> > > isn't at all like Japan.
> > >
> > > The environment today is also a lot different from 1929, when monetary
> > > policy was so restrictive. There were fundamental problems with the
> > > economy and the monetary system in 1929 that we just don't have today.
> > >
> > > Q: Where do you see interest rates headed?
> > > A: If the economy improves, interest rates are probably at some sort of
> > > low point. Still, there's no inflation out there. And if you look at
> > > long-term interest rates over the past several hundred years in the
> > > U.S., 4% or 5% isn't unusual for long periods. If the economy improves,
> > > you might see an uptick in rates, especially on the short end as a
> > > psychological response, but there's no real reason why interest rates
> > > should get out of control or disrupt the stock market. Certainly, if
> > > rates rise, the stock market looks less attractive. But, on the other
> > > hand, if rates rise that would also indicate earnings are improving, and
> > > that wouldn't be such a bad thing.
> > >
> > >
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> > >
> > >
> > >
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> > >
> > >
> >
> >
> >
> >
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> >
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> >
>
>
>
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