Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: mt_mike who wrote (3669)	8/1/2002 1:21:24 PM
From: Jim Willie CB	Read Replies (2) of 89467

Mikey, gonna take several months for suits to give up but they will give up probably when they lose their own jobs maybe not before maybe not if neighbors lose theirs this autumn will begin the most shocking unraveling of a financial system ever witnessed on earth except maybe 1930 Germany the madding hopeful crowd will next have to interpret the bond market slow decline they will at first interpret incorrectly, that the economy has picked up, and we can afford higher rates, given the exhibited strength but stocks will go down faster, in contradiction eventually, the abnormal US mindset will blame foreigners AND URGE EVEN MORE PROTECTIONIST TRADE POLICY political pressure from Congressional morons will be fierce the next leg down for the USdollar will be fast and absolutely furious Greenspan will be forced to raise shorterm rates I regard the next dollar and bond selloff to be the pump prime for GOLD I have been somewhat wrong in recent months on the US$ foreigners have not YET sold stocks they have boycotted US stocks Puplava indicates they may have boycotted USTBonds the next round of dollarized asset selling will be squarely directed to US stocks and USTBonds this is to be the stuff of panics call me a CrazyMan, a DoomsDayer, even a Jackass but this mongrel is prepared for the inevitable Great Fall this is Econ 505, graduate school level, absent politics / jim

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