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Politics : PRESIDENT GEORGE W. BUSH

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To: MKTBUZZ who started this subject10/6/2002 12:07:27 PM
From: Baldur Fjvlnisson   of 769670
 
Sell the U.S. dollar.

Foreigners have been fleeing the U.S. equity market. They have been reducing their U.S. based assets. The market is still extremely overpriced. The housing bubble topped a few months ago when Greenspan denied the existence of any such bubble.
The perception is that return on U.S. assets will be less than stellar in the future. Accounting fraud and financial engineering is still rampant and the scams are still underwritten by the same old scamkeepers. The Govt. actively
works on destroying market confidence, appointment of Harry Potter to head Officer Friendly the SEC garbage is a good example of that.

Sell the U.S. dollar.

Mr. Bush's unelected cabal has no trust or confidence among businessmen and traders. As you can see the market heads south as soon as that mess appears on TV. The Wahington mob can't even produce a budget for its criminally bankrupt mess.
Flight to hard assets such as gold will bankrupt owners of the Govt. such as JP-Morgan is short order.

Sell the U.S. dollar.
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