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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Mannie who wrote (4804)10/1/2000 5:32:38 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
Kudlow for Fed Chief... the guy is so right on
AND he is clearly left-brained

European tax cut measures will serve as continental viagra
after 40 years of safey nets to ward off WW2 demons, these guys might soon shake off their straight-jackets and start running with the pack

the US bond market is smarter than any individual pundit
inflation? bullchips... higher costs bring lower profits
high oil cost? yes... drag on economy and spending
even crimps further corporate earnings

the Fed is between a rock & hard place, now MUST ease
these crusty governors are all too aware of their past F'ups
the horribly ill-advised May 50bpt hike has begun to bite

the best of worlds for investors: peaking concerns over inflation and recession
BUT NEITHER IS REAL, SHOWING EVIDENCE, OR LIKELY TO

I love to hear opinions regarding GOLD
it has long been held as the ultimate hedge against inflation
in the last couple years, USTreasurys have replaced it as a true store of value
bonds even pay a dividend, instead of bearing a storage cost
technology has just about rendered gold to become an irrelevant yellow metal
but that is an arrogant shortsighted position
WHY STORE MONEY WHEN YOU CAN CREATE WEALTH THRU TECHNOLOGY???

usually Dow Utilities signal higher inflation
their recent rise speaks of electricity deregulation more than anything else
utility companies pay more for oil now also
I maintain that utility stocks and oil/service stocks will be the big losers from late summer to endofyr

I love that guy Kudlow
/ Jim