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Politics : Stockman Scott's Political Debate Porch

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To: Lizzie Tudor who wrote (28349)9/21/2003 10:12:00 PM
From: Jim Willie CB  Read Replies (1) of 89467
 
this is phase #2 in the longterm US$ bear market
phase #1 focused on the euro
phase #2 focuses on the yen

before long we will see CPI rise
Asians will soon have tough decisions
on selling USTBonds held in reserves'
if they do not sell, their banking systems will implode

gold spiked up toward $390 after conclusion of the G8 meeting in Dubai
I wish I were there, chasing Irish stewardesses

if you can find something positive about all this,
THEN YOU ARE TOTALLY BLIND, OR A POLITICIAN

Asia might take its lead from Japan now
if so, then all Asian imported products will rise in price
as it is now, only Japanese products will rise
what is good about imported price inflation ???

you have to be on drugs to believe that a success for Snow in having Chinese repeg their yuan upward is positive for the USEconomy
imagine 40% of WalMart prices shooting up
in pursuing a remedy to our Asian trade deficit, we are urging a price rollup across the board
which will cause rising longterm interest rates

/ jim
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