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>The current
economic condition is SYSTEMIC....and thus resistant to "Quick
fixes".
<FONT
color=#0000ff>
Three years of a down economy is not
"quick". And "resistant" is not impermeable.
>Bush fired
Laurel and Hardy (O'Neill and Lindsay) because they told him you can't cut
taxes, wage expensive war, and continue sponsoring a huge, costly bureaucracy in
Washington....it's economic suicide in the long run.
>That's why he
fired them....but THEY were right.
<FONT
color=#000000>
If O'Neill and Lindsay were in your opinion
right, then why do you refer to them as Laurel and Hardy. This is part of
your problem, MASSIVE Mark. You are overly critical of
everything. We're either going to have MASSIVE inflation or MASSIVE
deflation. You don't care which as long as it is MASSIVE and
destructive.
>These deficit
projections are just the tip-of-the-iceberg.......and incredibly, there is still
no talk of government cut-backs in spending programs and transfer
payments.....just incredible !
<FONT
color=#0000ff>
Bush is smart politically. There was a
study done in the late 80's that said for every new dollar of tax money brought
to the government by economic growth, Washington spent $1.30 (or some figure
like that). That was the 80's. I doubt things have changed.
Bush is choking of Washington's money supply. That's the only way to get
them to reduce spending. It's the only way PERIOD. You seem to think
that these bigger deficits are a problem. Recently, there was a book
published that studied the effects of large national debts on countries.
England in the 1800's had a national debt that was 300% of GDP. THAT'S
MASSIVE, MARK. A number even you would appreciate. They built up
that debt thru wars and empire building. But it wasn't a problem for
England. They paid it off and now they are just fine.
The only way to make Tiny Daschle say "Well,
I guess we don't have money for new social-dependency (aka vote-buying)
programs." is to put him in a deficit position. What are the Dumocrats
really complaining about today? Listen carefully. They are
complaining that they can't enact a drug benenfits program (aka social
dependency program, aka vote-buying program). They are complaining
that they can't make healthcare free for everyone. They don't want to pay
down the debt. They want to take our money from us and use it to make us
dependent on a social welfare State. Despite the fact that we know
socialism and welfare failed...MASSIVELY.
The only way...THE ONLY WAY...to cut
Washington's spending habit is to take away their money. And THAT is
exactly what Nucular George is doing.
Do you see anything in the world today that
is going right, MASSIVE Mark? Anything positive?
Kent Rollins
<FONT
color=#0000ff>
----- Original Message -----
From: <A
title=mar.ko@xxxxxxxxxxx href="">Mark Simms
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, May 25, 2003 12:55 AM
Subject: RE: Re[3]: [RT] spx daily
<FONT
face=Arial size=2><FONT face=Arial
size=2><FONT face=Arial
size=2><FONT face=Arial
size=2><FONT face=Arial
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size=2>
I'm not thinking
MASSIVE here, only LONG-TERM.
Part of my
bearishness comes from the current high PE Ratios for one....there just seems to
be so much ANTICIPATION for a big recovery here...
I don't see it,
quite frankly.
Bush fired Laurel
and Hardy (O'Neill and Lindsay) because they told him you can't cut taxes,
wage expensive war, and continue sponsoring a huge, costly bureaucracy in
Washington....it's economic suicide in the long run.
Bush did not want
to hear this....moreover, h<FONT
color=#0000ff size=2>e's "dumb"...economically.
That's why he
fired them....but THEY were right.
These deficit
projections are just the tip-of-the-iceberg.......and incredibly, there is still
no talk of government cut-backs in spending programs and transfer
payments.....just incredible !
Unfortunately,
Bush may be out of office before this is proven correct.....
<FONT color=#0000ff
size=2>
<FONT color=#0000ff
size=2>
<BLOCKQUOTE
>
<FONT face=Tahoma
size=2>-----Original Message-----From: Kent Rollins
[mailto:kentr@xxxxxxxxxxxxxx]Sent: Friday, May 23, 2003 8:16
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: Re[3]:
[RT] spx daily
How can YOU ignore everything besides the tech
sector? If everything but the tech sector has turned the corner on the
economy, that sounds like a good thing to me.
With respect to the "derivatives bubble", prove
to me that there is one. This is the first I've heard about it.
Lately, Warren Buffet has been saying a lot of stuff with which
I don't agree.
FYI, consumers have been repairing their balance
sheets as well. Sorry I can't remember the numbers on that one
either. It's not as dramatic as the improvements on the corporate side,
but it was an improvement.
So you're joining Simms on
predicting MASSIVE Great Depression II.
Kent Rollins
----- Original Message -----
From: <A
title=bradcline@xxxxxxxxx href="">Brad Cline
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Friday, May 23, 2003 2:08 AM
Subject: RE: Re[3]: [RT] spx daily
How
can you ignore the tech sector? That's like pro forma accounting. If I didn't
have to make my house payment everything is rosy. The markets have seen
their lows only if the derivitivies bubble doesn't burst, or consumer debt
doesn't come home to roost. Warren Buffet has said that derivities are a "time
bomb" waiting to happen. Maybe the fed will be able to balance everything out
over time but I wouldn't bet on it.
<BLOCKQUOTE
>
<FONT face="Times New Roman"
size=2>-----Original Message-----From: Kent Rollins
[mailto:kentr@xxxxxxxxxxxxxx]Sent: Thursday, May 22, 2003 8:12
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: Re[3]:
[RT] spx daily
Corporations have been doing balance sheet
repair for 2 years now. AT&T alone has eliminate over $50 BILLION
in debt. I saw on the tube last week someone who had a stunning
statistic on what the S&P profits are if you ignore the tech
sector. Wish I could remember what that statistic was. And the
tech sector will fall in line soon enough. You are stuck in a
rut. The markets have seen their lows. Shake it
off.
Kent
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