VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (50921)	5/3/2002 2:12:47 PM
From: Jim Willie CB	Read Replies (6) of 65232

GE Jack Welch 6% jobless target now hit I dont think we have just a lagging jobless rate continuing to rise as the economy strengthens I think we have evidence for wrong economists to latch onto and claim this jobless rate doesnt matter because unemployment is a lagging indicator this aint a regular business cycle, end of recession it is a structural correction marked by oversupply and excess debt it is also crippled by an asset bubble and its horrible effects asset bubbles are the worst bubbles to plague economies they result in an entire structure of debt and spending in response, which is expected to be sustainable from the high asset values not gonna happen, and now turning ugly I believe the stock market averages are in decline for two reasons 1. erosion of investor confidence amidst Enron, GlobalXing, and now Spitzer investigations 2. heralding of new recession over the horizon, led by the USdollar decline the media is all over item #1 the media has no clue of item #2 GreenSperm is caught in a nasty ghastly smelly box he is wiggling and writhing, never to fertilize this economy the only seeds he is sowing are for massive price inflation it should arrive within 18 months the Stagflation I see coming will be worse than 1970's because the debts are higher throughout the entire US because the dollar is correcting off higher levels because more foreigners hold USTBonds because the trade debt is higher because the Fed infusion response has been greater energy prices are gonna rise rise rise rise rise because commodities are cheaper now than at the time of the Great Depression (CPI-adjusted) !!! history will NOT be kind to GreenSpasm, Rubin, or Clinton / jim

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