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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (67886)2/15/2001 7:47:20 PM
From: BigBull  Read Replies (1) of 436258
 
Well, old curmudgeon that I am, I'm still in the deflation camp for now. Debt busting is an ugly but necessary phenomenon in setting the stage for the next upcycle. I believe the fed is late - way late. For now, the boom ist kaput. The latest CEO sentiment stats indicate that in no uncertain terms. The current business environment is abysmal beyond words. Think 10 year recesssion cycle. We are about to see who can and cannot pay the piper. Layoffs stateside will continue for a minimum of 3 months.

Heinz, I may be wrong, but in spite of the fed pump, I see a bona fide credit crunch coming as banks continue to tighten up lending standards. This is a creature of regulatory imperative. The current flood of money from the FED will only be relevant when the conduits clear. There is still much unfinished business to attend to.

Thanks for the China refresher. Much appreciated. Perhaps we can plumb the depths further as time passes.

Regards,

Bull
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