A Jackass, his PAL(indrome), and GOLD Message Board

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Pastimes : A Jackass, his PAL(indrome), and GOLD

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To: Jim Willie CB who wrote (44)	1/7/2003 7:05:59 PM
From: philv	Read Replies (4) of 1210

CNBC still don't get it: I listened to Kudlow/Cramer just after Bush speech. Kudlow was almost beside himself with enthusiasm. Volunteered that the Dow was going up 40%....this year, with supporting mutterings from his side-kick. When asked about un-intended consequences, such as debt, he responded that that issue is about #52 in his worries. He thinks that we will just simply "grow" our way out of debt. Pretty good. Sure wish there was a way for us l'ill people to "grow" out of debt. Next time you go to the bank, tell them "don't worry about credit worthiness, repayment and all those other mundane little details, I will grow myself out of debt". What's good for the goose......... He also mentioned that inorder to avoid a Japanese type recession, all the Fed needs to do is to keep providing massive amounts of liquidity. I didn't hear much of the commentary....just enough. No mention of gold. Phil

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