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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (6219)9/12/2002 5:07:59 PM
From: Jim Willie CB  Read Replies (3) of 89467
 
unsure Bush Effect, more like DRUMS OF WAR coming near
you really sometimes show a one-track mind, Scotty

today the high first-time jobless claims came in
today the still high US trade gap came in
all recent econ data is looking full of sheiss

the economies worldwide are approaching simultaneous recession
the entire world is now depending upon hapless American consumers
they are so far in debt, they have to look into sunlight to see black

and Germany ECB's have their heads up their asses
they abandoned the tax cut in the face of widespread floods

stupidity among world policy makers will lead to a much much worse economic recession

I still maintain we see a depression by 2005
the Perfect Storm is unfolding
credit-based debt-ridden economy is seeing massive deflation
cash-based govt-regulated economy is seeing commodity inflation

the dollar is in jeopardy with trade numbers and federal deficit numbers

this is all turning horrible
school is out in my hardly humble opinion -- RECESSION or worse

it aint just Bush, Scott
we have several factors today
after some goomba rallies last week, we revert to what was signaled on Sept 3rd -- MINUS 350 PTS on Dow

/ jim
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