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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Sully- who wrote (50112)	4/17/2002 12:59:53 PM
From: Jim Willie CB	Read Replies (1) of 65232

of course, GreeNumbNut.. recovery powered by debt household debt increases financed entire Q4 rise in spending federal debt increases financed tax cuts, and response to WTC attack, including a widening war on terrorism in October I said the War of Terrorism would slowly take a transition into a War on Islam it is unfolding on schedule it was corporate off-the-cliff drop in business spending that pushed the economy into recession it will be business spending that brings us out of recession IT IS NOT HAPPENING the US is now a good deal deeper in debt total debt, public + corporate + private = $32 TRILLION which is 5x the US GDP stage #2 of the Debt Collapse happens later this year this process is NOT reversible anyone who believes the economy can be revived in a sustained fashion by the CheckWriting Federal Reserve (which includes Voltaire), deserves to have all his/her money stripped away and put in the hands of a responsible person with eyes open the big surprise is gonna be rising interest rates and commodity inflation, which can no longer be suppressed by paper-based leverage enter: The Decade of Commodities (for all those who can and do read history books) / jim

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