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TomGReport.com Blog Twitter TomG Report Read More Economic Times
Hi, another day another dollar, the
stock market continues to clime. Does Clinton have anything to do
with it? Are you for real if you say yes? NOT!! And not to say the
republican congress deserves all the credit. Although a good case
can be made that a conservative congress has brought more stability
and a balanced budget. Balancing the budget has kept interest rates
moving down and everyone knows that the stock market loves lower
interest rates. But the real credit goes to those that make the
economy roll, create the new technologies, and buy and sell on a
daily basis. Well, that has been happening for thousands of years,
what makes this different you say!? At times things are better than
at other times. We are building off the more positive Reagan years.
Reagan tax cuts and the end of the cold war; the end of our enemy
the communist Soviet Union. We now have one of the greatest
inventions in the history of mankind-the computer chip. This has led
to this great economic times which began in the early 1980's; August
1982 would be my best guess. Oh yea, what did government have to do
with this economic boom times? Little beyond keeping the country
free from foreign threat. And governments have been doing THAT for
thousands of years! If the government gets out of the way the
economy will continue on a growth path never seen in history for the
next 1000 years.
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