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Politics : PRESIDENT GEORGE W. BUSH
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To: Lazarus_Long who wrote (518921)1/3/2004 3:38:03 PM
From: American Spirit  Read Replies (1) of 769670
 
2004 may bring us a steep decline in the markets and a sharp hike in interest rates and inflation. So says my uncle who's an ex director of Chase Manhattan specializing in bonds and currency trading. The current rally he says is for suckers only, a musical chairs rally that may corrrect sharply a la Black Monday and leave few with safe harbors. Though he's a GOP supporter, he also says the Bush debt spending, the dollar's devaluation adn Greenspan's flood of cash is a recipe for a very bumpy ride. Because of this he predicts Bush may lose the election. The economy looks good now, but it's all window dressing and sugar frosting. The cake beneath is a souffle.
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