Fascinating Times

www.enterpriseeconomy.com ^ | 09-23-02 | brian wesbury

[john bell hood]

Clearly the markets are trading as if the world is coming apart at the seams. We do not agree. In the early 1980s, Reagan's policies were slowly being put into place, yet a nasty recession continued to create fear and trepidation. Eventually, these fears were calmed and the U.S. led a global resurgence of economic growth.

Excerpt. Rest of article.

[john bell hood]

I don't know the index of leading economic indicators is dropping, and the GOP seems to be MIA on the economy. Who's out there talking about a pro-growth policy of cutting taxes and red tape?

[glorgau]

IMHO, If Republicans win in the Senate this November, fiscal policy wil be enacted. The market will start to turn early next year. The moment that interest rates moves up the slightest bit, the housing bubble will pop. Until then keep your assets in cash!

[Doctor Stochastic]

If the market continues to drop, the Republicans could lose the House as well as the Senate.

What many people see is a combination of:

1. Falling values of retirement plans thus people need to keep working longer.
2. Increasing layoffs and unemployment not allowing people to work longer.
3. Few fixed income opportunities (there are some).
4. Rising health care costs