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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (890)6/28/2002 11:43:09 PM
From: Jim Willie CB  Read Replies (1) of 89467
 
Sohn of WellsFargo is a good economist
this is a chicken or egg argument

is foreseen deflated earnings hurting stocks?
is what hangs over the stock market the same threat that hangs over the economy?

I think so, twice

is supply of capital unavailable from IPO markets that is needed for business expansion?
is it not available because the economy is still contracting?

I think so, twice

chicken or egg?
I think both
why is it important to determine whether it is one of t'other

imagine every single virtuous cycle advantage from a rising dollar during the 1990's
now consider each a terrible threat as it reverses

history will be very unkind to Robt Rubin and his Strong Dollar Policy
"the money will become moth-eaten"

/ jim
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