SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 159.13-4.4%Nov 11 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Cary Salsberg who wrote (10462)7/18/2002 1:26:01 PM
From: Jim Willie CB   of 10921
 
Pimco's Gross claims that up to 75% of S&P firms swapped debt

he wrote in May about General Electric and their debts
he believes that gradually rising shorterm rates will hurt many (if not most) big companies who have swapped their higher cost longterm debt for lower cost shorterm debt
he believes that rising rates will be very harmful to S&P firms' profitability

rising rates to households will increase their mortgage costs
that is, for those who jumped into ARM's (adjustables)
it will also make the silly high creditcard rates even higher

but my eyes are on foreigners and their disposition toward USTBonds
round #1 has seen limited foreign stock buying
maybe some selling
I wonder if round #2 will see foreign TBond selling

we will see
you seem like a patient guy with a long leash
so here is this
The Austrian School of Economics purports that an economic system with unbacked monetary printing can endure its own promisuity only 2-3 decades
that fiat currencies invite unbridled printing and spending
but they conclude a scary conclusion

after 2-3 decades, an accelerating money supply must be necessary in order to maintain even low level linear income growth
and eventually even that growth flattens out
right now, Puplava points out that our debt levels nationally are in the $32,000 billion range
that debt is still accelerating
but now income levels are flattening out
or only feebly increasing
Austrian School conclusion is that the debt burden becomes increasingly unsustainable

this is part of the reason that Fed Monetary stimulus is failing now
we face debt collapse and scandal
unfortunately, the scandals and terrorist threat is diverting attention from the debt collapse story unfolding

good luck to you, unless you have me on IGNORE also

/ jim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext