AC, <<So, on the record, I am forecasting ... balance of 2004 and 10+% gains in the Dow and Nasdaq by year-end. 2005 will be better>>
... but no good jobs? or at least none as good as old jobs?
<<... PRC suppliers have lengthened due to "material shortages." ... paying 80% more for steel wire, 20% more for aluminum wire than a year ago, and that they are shut down at least one day a week due to the rationing of electrical power>>
... but there is no inflation? or at least the sort of inflation that mean higher prices?
No, AC, we are definitely heading for the cliff, from either up side or down side, but the cliff.
Longer delayed, higher momentum, the worse the outcome, either smack or splat, and this round, no rate cuts that would matter, and then we hit your rock-solid demographic wall.
Chugs, Jay |
