Never mind global warming; is the Kondratieff winter on the way ?.................. "Greenspan was more than any other human alive responsible for turning our stock market into one gigantic socialist endeavour." Emerging Hyperinflation Insanity? Jay Taylor_ January 9, 2006 We grunted and groaned our way for all of 2005 to eek out a 10% gain, then, during the first week of 2006, our Model Portfolio rocketed to an enormous 12.35% gain the first week! Mrs. Taylor works for Wachovia in New York, and we almost always talk about the markets over dinner. As we discussed in general the market action for the first week of 2006, Mrs. Taylor remarked, "Everything I own went up like crazy this week. It's kind of frightening. It's kind of nuts." How can you not agree? I have to think back to the time when, during the Clinton years, Alan Greenspan's Fed would bail out one disaster after another with mountains of new money created out of thin air, as all fiat money is created. I still remember Kathleen Hayes at CNBC posing the question about "moral hazard" to Treasury Secretary Robert Rubin. I don't recall Rubin's unconcerned response, but the important thing is that once upon a time we thought there might be serious repercussions to government, and the central bank that controls it, bailing everyone out. Communist countries do that. Fascist countries do that. Free market countries do not. So much for the notion that we are a free market economy. Having lost any concern about "moral hazard" or the idea that monetary bailouts would cause problems and hence should not be engaged in, fear has been greatly taken out of the markets, which no doubt explains record lows in put/call ratios. One commentator on Bloomberg noted that it is at times when complacency is at its highest that we are at the highest levels of risk. Indeed, despite Bernanke's helicopter technology, we do think the day of reckoning when we get the next leg down in the equity bear market could come any time. Hence our...

On 15 Jan 2006 10:48:39 -0800, "Crowley" typed: poor creepy.... so, some gold-bug site writes dribble and you suppose it means sommat... kondratieff put his theories forward in 1926 when the world was still mostly hooked to gold standards...a world in which industry was vastly less diversified than today... (incidentally stalin sent him to the gulag and he was heard of no more) idiots have been trying to count the 50-54 year cycle from the 30s...they gotten so peed off with waiting they now try to revise their start dates...one game is to try to change the 1929 collapse to a 20 year period lasting to 1950 so's they can 'predict the collapse 'soon' of 'right now'....this stuff is astrology for morons usually put about by slick salesmen for the likes of you dorks.... i would expect your tedious cut and paste to try that sort of thing but i can't be bothered to wade through more of your muddle headed tripe you know nothing creepy and you have not the...

On Mon, 16 Jan 2006 00:52:26 +0000, hummingbird typed: no content yet again...

On Mon, 16 Jan 2006 01:45:24 +0000, hummingbird typed: good to see you once more reduced to forgery buzzy...

Is abelards hero a "socialist" ? Greenspan debunked.........

Jan 15, 2006 23 Replies

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abelard 20 years ago

no content yet again...

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hummingbird 20 years ago

On Mon, 16 Jan 2006 01:54:09 +0100, abelard mysteriously appeared thru the usenet mist to inform us thus...

Nothing new there.

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abelard 20 years ago

good to see you once more reduced to forgery buzzy...

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rest binned unread... 20 years ago

On Mon, 16 Jan 2006 03:04:26 +0100, abelard mysteriously appeared thru the usenet mist to inform us thus...

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