I have in the past. His decision to appoint Paul Volker to the fed and crank up interest rates to squeeze inflation out of the economy was a good move. Not popular, but good. Reagan kept Volker on and benefited from Carter's move politically. He also pushed for many conservation efforts that helped for awhile in that area. Had he been followed on that we would be a lot better off than now.
I'm just worried the panic will end before I can grab up these cheap stocks! I'm hoping to have everything undercontrol by January so I can at least have $1,000 to play with in stocks.
I so hope you are right about that 2-3 year time frame. I've run into a bit of debt I want to pay off but was hoping to buy up some cheap stock for long term and Honda was my main target, along with China Mobile. Cell phones in China are a good bet for growth I'd think.
I wonder if a lot of this buyoff is by people up in years cashing in their 401ks because they think they better do it now or never see them as high again.
I mean why would stock in Honda go down? Does anyone seriously think that company won't grow in the future?
And that was not what I said anyway. I said, if you don't like your neighbors then move. I meant that you don't own your neighborhood, just your house and if people you don't like move in, its a free country and you can leave.
That's all
Hoover and his party were in power for all those things. So I'm pulling the Hoover card on you again I guess.
Let me add, the money supply should hve been expanded during the 1920's, as the economy expanded
The Smoot Hawley tariff was terrible decision
And undoing Andrew Mellon's regressive tax policies was a good idea.
The consensus?? Can you back that up? I know the libertarian wackos are promoting that view but I haven't seen anyone else pushing. Please provide a link, I'd be interested in looking at something.
Good question! I think the level of fear mongering required to get this thing passed has had a very negative affect. People are scared. I mean Honda stock is down. Why would a company with obvious long term potential have its stock go down so much? Fear!
I have a question for you. Oil is down. The media has reported that it is because demand is down. Do you agree or do you think its just part of the same process driving down other stocks?
And read this:
http://blogs.tnr.com/tnr/blogs/the_spine/a...l-calamity.aspx