Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Mannie who wrote (20535)	6/16/2003 11:08:38 PM
From: Jim Willie CB	Read Replies (3) of 89467

heck, I dunno how high this can go the Fed has now just about assured that depression will be averted but that only means ugly inflationary recession awaits (stagflation) what is happening with real estate and stocks and bond market will have almost zero bearing on the real economy that is a very tough conclusion to maintain and defend among the illiterata remember: 90% of all economic analysis and forecast is utter bullshit right now the real economy is being sucked dry by the phoney financially engineered nonsense going on out there we could approach 10,000 Dow perhaps the Fed could pump the Dow considerably from here but you know? it in no way dissuades me from the gold bull story not one bit in fact, it reinforces a much larger gold bull imagine all the mortgage bonds and treasury bonds and real estate equity whose vast (and now filling) capital pools will be diverted to gold in metals and miner stocks the more that stocks are pumped up, the more that will find gold the more that bonds are pumped up, the more that will find gold it will all come back home to gold, my good man / jim

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