Re: Re: Re: US Consumer Confidence index surges

[Jim Devine <jdevine@xxxxxxxxxxxxxxx>]

At 06:02 PM 3/27/01 -0500, you wrote:
> Jim Devine wrote:
>
> > Perhaps people have faith that Greenspan will save the US economy's bacon.
> >
> > (Of course, it's important to remember than there was a wave of optimism
> > in the US after 1929, leading to the "sucker's market" at Wall Street in
> > 1930 or 1931 (I don't have the info here). Its name says it all.)

Doug writes:
> Pray that this ray of light is just an oncoming train. May there be many
> disasters to come, followed imminently by Redemption.

hey, I don't pray for (or to) anything! Please don't read stuff into what I
say. I don't _want_ a disaster, even though I think it's quite possible. As
I've said over and over again, there are no automatic good results from a
recession or depression. In fact, in a message I sent out a few minutes
before the one you replied to, I mentioned that Greenspan may have in fact
saved the US economy's bacon (temporarily, of course).

Also, Doug, doesn't it get a little tiring making the same point (that
leftist hope for bad times) over and over again? You're becoming like some
Old Testament prophet yourself, castigating the poor hopeful pessimists for
their lack of allegiance to the One True Skepticism!

Jim Devine jdevine@xxxxxxx &  http://bellarmine.lmu.edu/~jdevine