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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: reaper who wrote (218461)2/3/2003 5:41:00 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
Good stuff...although I agree with his conclusion, it belies a bit more naivete' than I think Gross possesses!<NG>

While that may not qualify as a trip to the poor house, I have no doubt that such events signify to at least some Americans a trip to a poorer house. Many of us will have to adjust, either in the form of higher unemployment, an increased price for imported goods, or heavier indirect taxes in the form of higher inflation and interest rates. Investment strategies, both bond and equity, should put these secular reversals at the top of their A list when considering opportunities to make relative and absolute returns. Hegemonic decay will impose costs unimagined just 16 months ago during the innocent hours of September 10th, 2001.
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