Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (10666)	12/19/2002 2:11:41 PM
From: stockman_scott	Read Replies (1) of 89467

Gold fever could make Bush sick Message 18355101 <<...The danger Bush faces in the gold market is this: The U.S. economy is racked by an epidemic of corporate deceit as well as intractable overcapacity in many industries. America needs risk-takers and speculators willing to bet on enterprises that produce American economic expansion and jobs. Instead, speculative instincts, embodied in sophisticated hedge funds and ordinary investors, are gravitating to gold, which produces no jobs or economic growth. Traders who love price volatility are finding the gold market a ready source of action. The stock and bond markets, by comparison, seem bland...>>

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