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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (50667)4/29/2002 11:15:40 AM
From: Jim Willie CB  Read Replies (4) of 65232
 
capitalism hasnt finished correcting
big difference between now and 1930's and 1870's
I refer to past structural corrections

this time, the USGovt is very deep in debt
the US corporations are very deep in debt
the US households are very deep in debt
the USTBond debt is held widely by foreigners
the US trade deficit is between huge and monstrous
the USdollar is overvalued

we will correct, when the Federal Reserve allows it
the longer they wait, the tougher that correction will be
the world attempted to make the capitalism correction in 1997-98
but that was pre-empted by the Fed bailout of LTCM

flat MZM money supply since March is the start
unless they open the fiat money spigot again
I think they will eventually allow it
when they realize they are harming the system permanently

"declare victory and move back to normal"
(just like VietNam)

"the recession is behind us".... right!!!
/ jim
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