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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: oldirtybastard who wrote (1815)	2/1/2001 5:36:54 PM
From: TobagoJack	Read Replies (2) \| Respond to of 74559

You are more correct than not. The basic idea put in two other ways (a) when the stock market is the economy, the economy is not well, (b) when central bank targets the stock market instead of the stability of currency, the currency is in trouble. Greenspan has simply exhausted his creativity and intelligence in managing the monetary affairs of the US (most powerful nation, with a global reserve currency, etc) and we are now heading from the go-go frying pan to the depth of gloom and despair. Some are happily making money on the way down, hoping that the money will be worth the effort, at least worth a few mango shakes. As the maestro has been gambling with our global currency by releasing liquidity and indiscretion without so much as an utterable justification over the past 24 months, he might as well go for broke and drop Fed rate by 500 basis pts so that the speculators can play on, knowing full well that there will never be another rate cut again. Thus certainty replaces uncertainty. Bush Jr. now wants to do a tax cut, and the democrats wants to increase govt spending. With Washington horsetrading, the US will get both. Between the tax cut, increased govt spending, depleted savings and debt loads, the folks in charge will be totally boxed in and out of possible good news for a good long time. With the on set on baby boomer retirement, NASDAQ at 10,000 (I am assuming all the above described remedies will drive NAZ to 10k), we can have a party to end all parties, forever. The tax cut is happening already, as GE announced 75k folks to be transferred to other jobs at HWP, LU, AMZN etc. These 75k folks will be paying less tax in 2002 in the aggregate than in 2001, unless of course they decide to short buy the QQQ before it breaks out toward 10k.

To: oldirtybastard who wrote (1815)	2/6/2001 7:58:13 AM
From: Baldur Fjvlnisson	Respond to of 74559

Dallas Fed President: Spend More - AP Greenspan overshoots, braces for crash landing - Sydney MH Early reports show January retail sales up, but analysts not reassured - S.D U-T Mortgage refinancing reaches peak as rates tumble - Cleveland PD Fannie succeeds in leveraging low income households - Detroit FP Mass Layoffs Surged in Fourth Quarter - WSJ US employment growth - FT Firms hike salaries despite slowdown - CFO.com TACA plans general freight increase April 1 - JoC Probe attacks US banks - FT Report Faults U.S. Banks on Money-Laundering Safeguards - WP No federal action on electricity prices - FT Huge Gas Bills Stun D.C. Area - WP Household power plants a high dollar proposition - Long Beach Press Price of Propane Making It Harder to Keep Warm - NYT Bank poised for rate cut - BBC Japan investment in Asean down sharply - Singapore Times Tokyo braces for possible economic emergency - Singapore Times Companies go on a borrowing binge - Sydney MH NTT DoCoMo could raise $8.2bn from share issue - FT BT denies change of strategy on share offering - FT Hackers attack World Economic Forum - Upside Xerox's Heavy Debt Seen as Limiting Buyout Chances - LA Times Cisco financial report not expected to be rosy - San Jose MN Juno wants your computer power - Las Vegas RJ Snail mail beats Microsoft email - Las Vegas RJ Janus cuts 468 Texas jobs - Las Vegas RJ prudentbear.com