| Re: GOP Tax Cut Stagflation Not Working Out for Wall Street |
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Group: alt.philosophy · Group Profile
Author: SeanSean Date: Sep 15, 2008 21:15
> On Sep 15, 12:02 pm, Bret Cahill aol.com> wrote:
>>> How many financial institutions must go under before a broad majority
>> of monied interests admits I'm correct, that a vibrant market economy
>> is 100%% dependent on free speech on economic issues?
>
> Since you have already determined to your satisfaction
> that China has "free speech on economic issues," can
> we assume that we know what it is that you want?
Apparently he wants what has happened to the Shanghai Stock Exchange
Index which - reflecting China's "vibrant market economy - is down
over 60%% in the last year - from a high of a bit over 6,000 last fall,
it has fallen to 2,000. That is a drop of over 60%%.
http://finance.yahoo.com/q/bc?s=000001.SS
Fred Weiss
------------------------------------
Yes Fred, but we need to take the long term view of such natural corrections
in the markets role of the capitalist model, don't we? Surely this 60%% drop
is a sign that the system is working correctly, yes?
Unless of course, one was a few weeks from retirement and couldn't wait any
longer to cash in their stocks. :)
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