To: savedbygrace
What really blows your mind is what the monthly totals are since we went into recession. Two month ago, 79 billion, this past month 63 billion. Take these figures by twelve and see where that leads. Twenty billion here and thirty there and they sound like it is chicken feed. We are entering a period where foreigners are going to drive the dollar down. Inflation ahead!
6 posted on
12/25/2002 12:00:58 PM PST by
meenie
To: meenie
the current recession, caused by xlintons tax increases, would have begun in 98 or 99, except for y2k. The y2k scare caused a gigantic inflow of foreign capital, seeking protection from y2k.
then, after y2k didn't happen, and it was certain that it was not going to happen (at the end of the first quarter of 2000), the world started pulling out their money (March/April 2000). And technically, that is when the current recession started, caused by xlinton's tax hikes in 93-94.
Monitary policies take a long time to really impact (5-10 years).
8 posted on
12/25/2002 6:50:56 PM PST by
XBob
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson