Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: jjkirk who wrote (8843)	11/6/2002 11:07:21 AM
From: Jim Willie CB	Read Replies (1) of 89467

debt to book value is less meaningful to debt to assets each are pisspoor though tech stocks typically trade at 5-10:1 versus book but not the stodgy olddog Dow stocks which do not rely upon intellectual property or discontinuous product development for sharp increases in share price valuation and then the Dow30 guys have huge Defined Benefit Pension obligations!!! I wonder how much of the $3 trillion offbalance sheet debt is tied to the Dow30 another worth mentioning... Naz100 combined debt is over $2 trillion versus mktcap of about $2T also (not counting offbalance) with SEC Pitt news, GOP Congress sweep, this is a truly pathetic stock rally a 25 bpt cut is so vacant, vacuous, empty but the market hinges on it the stock market is not yet focusing properly on Bushy's potential for tax cuts unlike the economically illiterate Democrats, the Repubs are fully aware that tax cut stimulus prevents the recessionary slide we have seen since the Daschle effing morons have done to gut the tax stimulus Democrats simply amaze me... they remove the necessary fiscal stimulus, watering it down or gutting it... they watch the economy slide into recession... then they blame the Repubs for these events and slide... they campaign on these deteriorating fundamentals... they dont understand economics, never did, never will... they are absolute ECONOMIC MORONS... the voters understand economics better than the Democrat politicians... bravo!!! now we can have some true tax stimulus to help the economy with Dashle's stupidity pushed aside, his demogaguery removed from center stage both monetary and fiscal stimulus will be good for GOLD does anyone know a website link for FannyMae30 mortgage bond? / jim

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