A lot of people does not mean much in such a large country. Greenspan claimed a while back a limited few are going to get hurt from being overextended in the housing market, mainly because of the 0% interest only loans.
I'm not saying go out and borrow until you drop. I'm just saying the economy was in a recession and now it's doing well. You should never get maxed out in debt and I don't agree with Bush's spending policy. But if he does what he says and brings the deficit down we won't have the crashing collapse you keep insisting is aright around the corner. I'm going by present day facts and your going by future doomsday scenarios. They're saying the recession started on Clintons watch. Interesting, doesn't that go against everything you've been saying about Clinton? On 12/5/05, Gruss Gott wrote: > A fiscal conservative attempts to see the risks and hedge against > them. Conservatives prefer to control all variables and therefore opt > for a reliable lower return rather than a higher unpredictable one. > > That makes the conservative position this: > > There's a lot of people up to their eyeballs in debt - both in and out > of the housing market. The country as a whole relies on $4 Billion of > debt per day just to operate. Oil is unpredictable for many factors > including terrorism and speaking of terrorism another strike in > America could cause who-knows-what. AND the markets have just > delivered an inverted yield curve which, historically, delivers a > recession. > > Therefore, a conservative says, this is not the time to be taking on > further risks such as debt and deficit spending. Now is the time to > batten down the hatches. > > You, on the other hand, take the liberal position: "Don't worry about > it. I run with scissors every day and I've never fell." > > Who's right? Who knows. My goal, though, is to make sure that if I'm > right, 'm ready. But, for a balanced look at the inverted yield curve > meaning read this: > > http://www.thestreet.com/_googlen/mutualfundmonday/mutualfundmondaygg/10255617.html > > "As Tony Crescenzi, chief bond market strategist at Miller Tabak and > RealMoney.com contributor, points out, every inverted yield curve > since 1970 has been followed by a period in which S&P 500 earnings > growth was negative, and has almost always preceded either an economic > slowdown or a recession." > > > (For what it's worth I agree with this guy: > http://www.smartmoney.com/commonsense/index.cfm?story=20051129 ) > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| 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:5:185954 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=11502.10531.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
