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To: PaulM who wrote (50205)	3/9/2000 6:40:00 AM
From: d:oug	Respond to of 116752

One way to obtain a soft warm rain rather than hard pieces of the sky causing the average person to say ouch is for the USA to obtain another credit card and obtain more cash transfer at 28% rate and pay off the current plastic money credit due, and put off 2-3 years before the next heavy sky appears over the horizen. To work the above may need something to allow the process to happen without the house of cards falling down, like a World War III without nuclear weapons being used, just lots of manpower and tanks and guns and bullets and innocent lives. The USA "let" Pearl Harbor happen. The USA "let" Vietnam fire upon our little tiny boat. The China situation is a way to start a Hot situation, and already the USA and China might already have agreed to a conventional war conflict between each other. "Safe" The sky falling will not be noticed if WWIII starts aSoon. doug

To: PaulM who wrote (50205)	3/9/2000 7:49:00 AM
From: Phil Jones	Read Replies (1) \| Respond to of 116752

Paul, your comment that the world's economy now rests on the U.S. stock market hits it right on the head. Exactly. As long as Americans feel good about the U.S. stock market, everything stays rosy -- and goldbugs stay in the dumper. Of course, the money being poured into the U.S. stocks is just being fed into an inflationary void -- but where else are U.S. pension funds going to put money that will give them anything close to the 'paper return'. What it needs is for someone to yell real loud that 'the Emperor has no clothes!'. The head of the Federal Reserve sure isn't going to do it. The European Union, with its fragile euro, sure isn't going to do it. All of those who could yell about the Emperor's clothes won't -- for their own interest. So the inflationary U.S. stock market will carry right on, and everything tied to it (such as the POG) will carry right on at present levels. GATA won't change things. I can't see what will. Phil

To: PaulM who wrote (50205)	3/9/2000 7:44:00 PM
From: Zardoz	Read Replies (5) \| Respond to of 116752

I think the sky is falling as we speak. Check these out: Interpretations of the sublime should not be confused with the history of growth. In 1993-94 the greatest growth market was created, and is still alive and well. If you look at the alleged bear market in bonds, and compare it to the past events of 94, you could come to the conclusion that since DEC 99 the correcting bonds are setting a base for a rising New Born Bull Market. And that any excesses in commodity prices will only act as a precipice to extend the Last Bull Market well into the future. This is clearly what the Nasdaq is signaling. And this is why the DOW isn't. With the dichotomy between growth, yield, and value; you get what are laggards. The so called old economy grow best in decreasing rates, which directly effect yield & growth. Yet High techs can grow as long as demand is sufficient to outpace margins. Looking away from stocks and gold, the bigger picture telegraphs where we are loud and clear. We are clearly in a bull market. This high growth is ultimately bad for GOLD. Gold can't compete with currencies, and the ability to move billions or trillions in seconds around the world. Greenspan and the other CB's are on a spending spree. What is greenspan spending on? You mentioned Paul Volcker. Paul was and is an inflation hawk. But inflation as the economy reports is not the same inflation that the monetarist use. As long as growth outpaces inflation the economy is on a solid basis. This is/has been the root of the rise of the Nasdaq. Within any contraction phase of an economy, financial equities often deflate. But that's where key value can be found. The Fact that PE of Banks are being driven to new lows, at the same time as many earnings are on record pace, suggests NOT that we are entering a recession, but that the values are out of phase with the broader markets. Within the basing of treasury, and bond yields; the finacails system will accrue rapidly. Hutch