SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: stockman_scott who wrote (39103)7/17/2001 10:55:05 AM
From: Jim Willie CB  Read Replies (2) of 65232
 
unfortunate lesson: fight inflation ghost.....
and you get the opposite -- deflation and strong risk of recession

fight a recession risk with inflation policy.....
and you get strong recession and risk of depression in pockets of the world economy

watch in horror this summer and autumn as numerous small and medium economies in Asia and South America fall and melt down like chocolate bars on asphalt pavement !!!

in 1997 and 1998 we saw a full one year for the Asian Meltdown to reverberate around the entire globe
this time from spring/summer/autumn 2000, it will take at least a full year for the inner tremors to work out in the form of a series of shockwaves
Argentina just took on a shockwave, one not finished yet
the rest of the world is undergoing huge stress now
the next shock will come where currency pressures are greatest
and that means wherever local currency is tied to the USdollar

horribly destructive, inept, and failed Federal Reserve policy in 1999 and 2000 has resulted in a stalled if not depressed US economy,
and a worldwide economic recession that will be EXTREMELY difficult to emerge from

lots of comments from (to date incorrect and inept) brokerage strategic analysts about how the bottom has been seen
IT HAS NOT BEEN SEEN, NOT YET

bad earnings news is not an accurate foundation for building a premise of "worst news is seen"
nor is adding 6-8 months to the start of a Fed easing cycle a foolproof device of forecasting economic turnaround

listen to CEO's, not brokerage analysts
listen to pink slip layoff notices, not CNBC cheerleader morons wearing makeup

we are gonna see negative GDP in Q3, MARK MY WORDS
IT WILL SPOOK THE MARKETS, AND LEAD MANY TO THE SIDELINES
so many investors might soon move into cash... and wait

AS WELL AS BRING QUESTION TO THE FED'S LEADERSHIP

IMPEACH GREENSPAN
/ jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext