2004 Will Be USA's Best Year Economically in Last 20 Years!

yahooooooo ^

[NYC Republican]

Man, another EXCELLENT post!

[AmericanInTokyo]

With the exception of illegal alien policy, where there is no real difference between GOP and Democrats (at least on the national level) yes, I would be all for assigning "red" to the Communist Democrats.

[AmericanInTokyo]

Need repeating. That was sure good!

[andy58-in-nh]

Yes, he does.

[AmericanInTokyo]

You rangggg?????

[LS]

Well, there is another factor out there. In the early 1990s, when people said "peace dividend," they really meant the lowering cost of U.S. government due to needing a smaller military. But in fact there was a much different peace dividend: the former Iron Curtain countries suddenly became huge importers of U.S. goods, technology, and expertise, opening up a market smaller, but similar, to that of post-WW II western Europe.

Now, we may be looking at a similar development in the Middle East---first (a tiny, admittedly) market in Afghanistan, then, a larger (but still small) market in Iraq, then, if some of these countries take the hint or if there are further military actions or revolutions, possibly larger markets in Iran, Syria, and so on. I wouldn't ignore this possibility, created by the liberation of Iraq.

[Braak]

Might as well write the concession speech now Dr. Dean...you're going to need it!

[1Old Pro]

I wonder how many liberals are going to try to crash the market by pulling everything?

Only the ones who believe in selling low and buying higher.

[AmericanInTokyo]

As a brief caveat, though, I myself still have reservations on this, because of Tom Ridge's assinine comments and ideas on illegal immigration. The GOP needs to guarantee the Conservative Base...and Tom Ridge's ideas and trial balloons do not help.

[SierraWasp]

Has Soros bought the U. of Michigan? This just knocked the Dow below 10K again!!!

9:48AM Consumer sentiment sinks in early Dec. by Greg Robb

WASHINGTON (CBS.MW) -- Consumer sentiment eroded in early December, according to researchers at the University of Michigan. The consumer sentiment index fell to 89.6 from 93.7 in November. The decline was unexpected. The consensus forecast of Wall Street economists was for sentiment to improve to 95.6. The current conditions index fell to 93.6 in December from 102.5 in November. The consumer expectations index fell to 87.1 in December from 88.1 in the previous month.

[petercooper]

F'in Kerry was in Vietnam you know.

[Reagan Renaissance]

"2004 Will Be the U.S.'S Best Year Economically in Last 20 Years"

The majority is almost always wrong. Real economies are not built on houses of cards made of paper that was created by debt. Capitalism depends on savings. Savings can be invested to increase productivity. Increased productivity leads to a growth in income which can then in turn support additional savings and an increase in consumption. For much of recent history, the US has grown consumption by increasing debt at the expense of savings. Hundreds of years of history suggest that the prediction above is going to be wrong. When enough people recognize the paper represents liabilities rather than assets, the house of cards will turn into paper mache and only the people with assets that are not other people's liabilities will have any money. Savings not consumption are the foundation of a sound economy. Debt-based consumptions leads to huge booms. When the players realize that the music is inevitably going to slow or stop and that there don't seem to be enough chairs to go around, there will be a scramble for the chairs. It works the same way on unsinkable ships without enough life boats. All that debt turns into an anchor and paper makes poor paddles.

[RipSawyer]

"There is that peculiar disconnect right now"

I really hope things are better somewhere but here in SC we are seeing the official unemployment rate rise again, a local factory making camping gear is closing. Where I work they are trying to hire more than twenty people to take jobs that start out at roughly eight fifty an hour to replace people doing the same jobs at more than twice that pay. The people being replaced are expected to train their replacements and then they are to move into other jobs in the same factory to work until they can be retired or otherwise moved off the payroll. The ultimate goal is to run the entire factory at half the wage scale. I want to believe in the Bush recovery but I sure don't have much to point to around here. Everyone I know is confused about the "recovery" which is invisible here.

[lewislynn]

2004 Will Be USA's Best Year Economically in Last 20 Years!

Kewl! Can thay also tell us what the weather will be like?

[boris]

...unless, of course, a terrorist smuggles a nuke into Chicago or releases Smallpox in Los Angeles.

[SierraWasp]

Whew! It just struggled back to 10,000.01!!!

[andy58-in-nh]

F'in Kerry was in Vietnam you know.

If he hadn't mentioned it 4,751 times this year, I would never have guessed.

[Grampa Dave]

What political party controls over 98% of the professors and their assistants in the colleges and universities of America and Euro Trash land.

If buyer confidence was so low, why were so many new and older homes sold in November. Why did stores have record days of sales after Thanksgiving?

This is the usual POS from a university who would do anything to try and stall the economy. When the data is looked at re analyzed, the real data will come out.

Apparently it didn't last long. The market has realized that the data is Cr$ppola.

Prepare for a new tape from Sammy Benny Laden and Soddomite pledging to destroy America with a camel launced something. Then some poor ally will have an act of terrorism. That has been happening around the middle of the month since we took control of Iraq. That will drive the market down for about 5 to 7 days.

[Grampa Dave]

No Pardons, RR, needs the data re debt and the Reagan economy.

[SierraWasp]

I agreed with your assessment completely! I was just registering my disgust at this propoganda being released the next morning after the market closed at an 18 month high!

Well I didn't buy in on October 9 of last year at 7400, but I waited till the war looked better in March 12th of this year. But still, share purchased at $20 are knocking on $28!!! $16 shares are at $22!!! Wish I'd stayed with "Small Cap" shares I sold early last year... Oh Boy!!!