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  • Friday Roundup: Reality Bites Bulls [View article]
    The market surged under Clinton because of the dot.com bubble, not because of higher taxes! The dot.com bubble was the first wave in the mess we now have, thanks to Greenspan's ultra easy money.

    The market fell under Reagan because Volcker held rates high to stamp out inflation, encourage savings, and thus set the stage for a long period of prosperity.

    Economies have high inertia, and long response times. Regan's and Volcker's actions caused long-term prosperity, long after they were gone, and Clinton's and Greenspan's actions caused an immediate feel-good bubble that undermined basic fundamentals, and we are seeing its aftermath now.


    On Oct 03 10:36 AM jerrydd wrote:

    >
    > While it may have been a bull market in technical terms, until 93
    > it was way overrun by inflation as has it been since 2001 which in
    > real terms, what stuff costs, has been over 100% in the 7 yrs of
    > Bush. The only real bull that increased real wealth was 93-2000 when
    > Clinton ruled. We even balanced the budget then which is what curbed
    > real inflation and increased real wealth.
    >
    > The Fortune 400 lost 30% of it's wealth with lower taxes by 4%. Which
    > is better, slightly more taxes and a good economy or a bad economy
    > and slightly lower taxes?
    Oct 03 17:20 pm |Rating: +3 0
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