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Strategies & Market Trends : News Links and Chart Links

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To: Jon K. who started this subject	12/14/2002 9:33:25 AM
From: Softechie	Read Replies (1) of 29608

The Savvy Macrowave Investor 20348 Sun Valley Drive Laguna Beach, Calif. 92651 DEC. 9 ~ The stock market won't fully recover until the economy does. The economy won't recover until an inept Bush White House, a temporizing Greenspan Fed, and a dysfunctional "Republicrat" Congress realize that the old non-cooperative ways of stimulating recovery won't work in the new "Bin Laden" economy. On top of a faltering consumer, frozen business executives, and fiscally irresponsible politicians, higher oil prices have been highly contractionary. Germany is falling into a funk that may drag down Europe. Japan remains the basket case of Asia. The result is falling U.S. exports, and a rising trade deficit. The resultant weakening dollar has undermined the stock market. The final barrier to recovery is terrorism. It's not just that war with Iraq is all but inevitable and the outcome is uncertain. Seemingly every day, the Jihadists open a new front -- from heavenly Bali to the Hell of an AIDS and corruption-wracked Africa. -- Peter Navarro

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