Safe Haven | Preservation of Capital |

"Everything should be made as simple as
possible, but not simpler." - Albert Einstein

<<- Previous Message		Next Message ->>
<- Previous In Thread

From:	"craig tindale"
Received:	03/29/2008 06:18 PM
Subject:	Re:ECRI Calls it "A Recession of Choice"

They are quacks just like the rest of the rest of the ivory tower mob economist I have read right through all their quackery, just like the "supply siders" they cherry pick Keynes, Schumpeter, Galbraith, Friedman all of these guys warned that this kind of monetary stimulus would fail, the very guys they claim support form when properly read completely discredit this type of monetary policy. Not only do the Austrians warn against but the traditional "old school" Keynesians do as well, there is zero support from any any of the greats yet we witness this "mad money" being injected and further "even madder money" policies being considered. The US economists hypothisis that the Japanese failed because they didn't get "mad" enough with their monetary injections.

Volker was Obama's special guest at his speech the other day, watch for a Volker Renaissance once these idiots fail we need a guy who at least understands about the business cycle and how to clear excesses and the benefits of clearing the system.

I wouldn't suggest that Obama understands anything about these issues but he looks to be able to find the people that do.

On Sat, Mar 29, 2008 at 3:45 PM, Joseph Barbuto <> wrote:

Japan tried the same thing, it did not work, once a bubble breaks it will stop once the excesses are cleared from the system, lost respect for these after that report..

Joseph
From: Kirk Lindstrom

Sent: Saturday, March 29, 2008 3:03 PM

To:

Subject: [Longwaves Forum]ECRI Calls it "A Recession of Choice"
A RECESSION OF CHOICE: A Special Report

By ECONOMIC CYCLE RESEARCH INSTITUTE
Founded by Geoffrey H. Moore
March 28, 2008

The U.S. economy is now on a recession track. Yet this is a recession that could have been averted. In January, given the plunge in the Weekly Leading Index, we declared that the economy had entered a clear window of vulnerability. Yet we emphasized the brief window of opportunity within that window of vulnerability for timely policy stimulus to head off a recession.

Read the full report at ECRI Calls it "A Recession of Choice"
-- 

best regards
Kirk Lindstrom
Blog: http://kirklindstrom.blogspot.com
Newsletter: http://xrl.us/MoreInfo
You are subscribed to the SafeHaven Longwaves Forum To Unsubscribe, send a blank email to with the word Unsubscribe in the subject line.
You are subscribed to the SafeHaven Longwaves Forum To Unsubscribe, send a blank email to with the word Unsubscribe in the subject line.


<<- Previous Message		Next Message ->>
<- Previous In Thread

« Opinions expressed at SafeHaven Forums are those of the individual authors and do not necessarily represent the opinion of SafeHaven, its management, or the forum moderators. »

Read our

HOME | ARCHIVES | FORUMS | SEARCH | SITE MAP
ABOUT US | LINKS | CONTACT US
Copyright © 2000-2010 - SAFEHAVEN.com

Server Admin by DIGITAL ADMIN
SafeHaven Web Site FEEDS