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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (19811)6/14/2002 8:38:28 PM
From: TobagoJack  Read Replies (3) of 74559
 
Hello Maurice, good morning on this Dragon Boat day. I have lots to do today, including beer drinking, boat race watching, eating, swimming, napping, reading, nibbling, movie watching, and contemplating

Message 17604813
<<GE shows hairy legs'>>

I will get this last bit out of the way first. Prescience is easy. Here, you try it, along these lines of vividness:

(a) Fannie Mae and Freddy Mac elope
(b) Greensputin lied

Too far fetched? Not a problem. For one who is as weighed down in Greenspud’s paper, imagine along these lines:

Message 17600791

Message 17606136

When the impossible day arrives in your portfolio, I doubt you will have as much fun as the Zygote chanting "In Gold We Trust".

To evolve from "In Gold We Trust" to "In CDMA We Trust", we must trust our fellow zygotes, and that, my friend Maurice, is a non-starter dead on arrival idea whose time is past use-by date.

In case you do not follow the latest spin on matters and discern the truth from the facts, we have progressed from an almost imbecilic fawning adoration of not-so-successful writer turned Internet analyst, moronically submissive love of New York mother turned equity strategist, and the unquestioning worship of the seemingly god-like figures cut by business pipers to now, trusting nothing and no one very much, and soon, to not at all.

Man-made constructs are exactly that, man-made and guaranteed to fail, at some point, most probably when the failure will cause maximum damage.

<<Butt GeorgeW mustn't cause collapse by farm subsidies, steel import barriers, timber barriers, lamb and other import barriers. Nor by WATs and foolish actions against the Axis of Evil or Matrix of Malevolence. Nor by the many other confidence-destroying actions the politicians can take. Such as firing Uncle Al or replacing him with, well, almost anyone.>>

But Maurice, these are exactly what seem to be happening, amongst all the pixels you are not watching. On firing Greensputin, no need, he will go, because he is, at the end of day, not a god.

On WAT, we seem to have turned an important corner and yet no one is making a fuss. We are no longer to simply eye our Arabic-looking or South Asia sub-continent-sounding or grungy Anglo-appearing one-way airplane ticket holders with anything from suspicion to alarm to calls for perpetual detention without trial (yes, sadly, America seems to have learned some bad habits from China in its treatment of dissenting terror, and now, Tibet, Singkiang, Chechnya, Chicago are all the same and no different). We are now to look suspiciously at all of the above-mentioned profiles, plus any and all Hispanics from poor disenfranchised neighborhoods, together with anybody from Utah and Montana carrying envelopes. Can African American types be too far behind on the Axis of Suspicion? What about all them Asiatic looking PhDs in the scientific labs?

<<Maybe Osama's right and there is a kind of mental debilitation taking over American consciousness. Soporific television and constant admonitions to 'take care' have depleted mental structure in too many people.>>

I am terrified, as I ought to be, that you could be correct on Osama’s angle.

<<But the Americans are making me [and a lot of people around the world] nervous. Many are fleeing like rats from a sinking ship [if rats actually do that].>>

You have already decided to stay put, with your pile of printed paper from Q and FED.

<<GeorgeW has got a hard act to follow after Bill Clinton, who did what is an important job = give a lot of confidence in the leadership>>

This comment is not altogether fair. True that George is weak on skills, but also true that his problems are inherited, from his parents, and from all previous administrations. His fate is just that, his destiny.

<<it's not a pretty picture … I could see the writing on the wall and moved a stash of cash back to base to wait and see>> Suggest you move more, further away, while the crowds are still hoping, before the stampede.

However, before you go hog wild-eyed on <<Hu Jintao>>, try bedding down your wealth in Money Rock Hong Kong and Freedom Mountain Kowloon, and we will take good care of the large pile until it is of sufficiently small bite size for an one-way trip to Mainland China.

Chugs, Jay
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