War strangling the economy???

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A few random thoughts:

--Financial markets ain't the economy.

--Financial markets are the pilot fish of an economy.

--Financial markets sometimes lead the economy, sometimes follow the ecoomy, sometimes clarify the economy, sometimes obscure the economy.

--Financial markets claim rationality, but in reality make use of a healthy dolop of emotion.

--Today's run up in financial markets are driven by emotion. Nothing in the economy has improved between yesterday and today.

--There are structural changes taking place in the economy which are not being measured by conventional economic measures.

--The economy is suffering the consequences of decisions made 10 to 15 years ago. A war today will not repair the damage caused by those decision.

--Congress will try to improve the ecomony by tweeking dials and flipping switches long since disconnected.

--We are beginning to see the outlines of what de-industrialization looks like in a developed economy.

--Islamofascist terrorists' target is the US economy. We are doing our best to make the terrorist's job easier.

--Tax policy is the air hose of the economy. Right now we have a 600 lb gorilla standing on the air hose and we're discussing adding another gorilla. Smart, really smart.
 
Waitone-

Financial markets claim rationality, but in reality make use of a healthy dolop of emotion.

They don't claim rationality...but anyway, now that you have come to the realization that financial markets are irrational: You can make a piles of cash by using the inefficiencies to your favor.
 
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