Re: GOP Tax Cut Stagflation Not Working Out for Wall Street
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Re: GOP Tax Cut Stagflation Not Working Out for Wall Street         

Group: alt.philosophy · Group Profile
Author: Sean
Date: Sep 16, 2008 18:29

"Fred Weiss" papertig.com> wrote in message
news:eda55d27-71e5-4b0c-94bb-1625077a408b@d77g2000hsb.googlegroups.com...
On Sep 16, 12:15 am, "Sean" now.com.au> wrote:
> 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?

Yes, in a way it is. However the real question is how "natural" was
the run-up to 6000. It was obviously a classic bubble, prompted to a
considerable degree by the policies of the Chinese gov't to bolster
the economy. The same thing happened to the other Asian economies,
including Japan, in the 1990's. The Japanese stock market has still
not recovered from that debacle.

All of this raises many - but really other - questions. I'm just
raising them here to address Brat's bizarre notion of "free speech on
economic issues" and his delusions regarding the Chinese economy which
he keeps mentioning as if he has the slightest idea what he's talking
about.

Fred Weiss

------------------------------------

Sean: and fair enough too. How well does anyone really know the chinese
economy? I'd suggest the Chinese would be best placed there. :)

But I'm interested in your "other questions" it raises?

eg I have one ...... regarding your comment about "natural" above.

I mean by this, exactly how *real* is any of this crap that goes on in any
stock market in the world?

Even when one takes out the usually emotionally driven cycles of knee jerk
over-reactions, seems to me it's all just total fakery.

re your comment that the market fell from 6000 to 2000 in China. The
connection between that and the *real world* where people work, do business,
and buy food is utterly void.

imho
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