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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Dealer who wrote (40821)	8/31/2001 9:36:29 AM
From: Jim Willie CB	Read Replies (1) of 65232

Democrats usually set policy in motion that is inflationary then they walk away and leave the office for a Republican always a lag of a couple years to see the effects of policy right now we are seeing the combined effects of three things 1. Fed encouraged a bubble in 1999 2. Clinton refused to share some of the annual budget surplus in 1997-98-99 3. Congress deregulated many energy delivery systems in mid-1990's the bubble burst we see surplus returned in part as rebate checks (or do we?) energy prices shot up, then relaxed now we feel the aftermath all at once and morons blame Dubya Bush he had nothing to do with any of the above the current tax rebate checks are penny ante next up: headline news on layoffs everywhere as corporations give up on 2ndHalf Recovery on mining stocks, their peaks will be spikey for sure gotta ease out of them with profits their combined mktcap is so small / jim

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