> Sam wrote: > You seem to think his warning is a message that it's too late and > the depression is here. >
The investor's concern is not depression vs. bubble, it's is a steady economy that can be counted on to reliably expand. When there's uncertainty, run-of-mill investing doesn't work as well. We are in such an economy. At to your other "takes" on the economy, it is not a matter of opinion but a matter of fact. That is, your contention that I'm "wrong" is clearly false as proven below. Mr. Bush has had 6 years to inspire confidence in the economy and he clearly hasn't done so. That doesn't mean depression, but it doesn't preclude it either. Stocks Fall On Greenspan's Remarks Annalisa Burgos, 08.26.05, 5:35 PM ET NEW YORK - In the headlines this afternoon, the markets end a disappointing week. The Dow Jones industrial average fell 0.51% to 10,397.29--the index's lowest close in seven weeks. The Standard & Poor's 500 index was down 0.6%, while the Nasdaq dropped 0.64%. Investors mulled over grim remarks from Federal Reserve Chairman Alan Greenspan and disappointing economic data. The University of Michigan's consumer confidence index fell to 89.1 in August amid higher gas prices. Meanwhile, Greenspan warned of a rough end to the housing boom, saying that, while rising stock and home prices have driven spending, the perceived wealth can quickly disappear. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:171342 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
