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

To: westpacific who wrote (15467)	2/23/2002 1:09:03 AM
From: Raymond Duray	Respond to of 74559

westpacific, Volker says he's never seen the economy in such a mess. Now you? I'm building my bunker tomorrow.... What I find interesting is speculating on when the Working Group on Financial Markets intervenes and how. Generally, they goose the stock index futures using GS and M/L. Any views?

To: westpacific who wrote (15467)	2/23/2002 3:59:07 AM
From: Joseph Waligore	Respond to of 74559

glad to see you back, westpacific. I appreciate your comments.

To: westpacific who wrote (15467)	2/23/2002 4:18:58 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

<How long can we just PRINT FIAT MONEY, HOW LONG TILL WE NEED A WHEELBARROW to buy a loaf of bread.> Well, a loaf of bread in the USA is still only $2 or so. I don't think the price of a loaf of bread has changed significantly in recent years has it? So mass hysteria about inflation is premature. In fact, mostly people are talking about deflation, which is the opposite of what you are worrying about. Uncle Al is doing a great job! Printing up a storm of money which GeorgeW can use to buy fuel for USS Enterprise to sort out Osama, Saddam and co and open the oil floodgates. Which will NOT be good for his oil buddies as Iraq's oil on the markets will cause a drop in price. Which is bad for oil company profits. Mq

To: westpacific who wrote (15467)	2/23/2002 10:42:23 AM
From: Paxb2u	Respond to of 74559

West- I happen to agree with you. But I don't think its going to occur over night. I've been accumulating gold over the past several years. It looks as though gold may be forecasting your view. However, its got to work through its manipulation also. Just waiting for the $ to tank. Thanks for your views--playing daily trades, Peter :o)

To: westpacific who wrote (15467)	2/23/2002 12:42:11 PM
From: Terry Maloney	Respond to of 74559

Yep, that's the bear case in a nutshell, alright. <g> The only question in my mind is whether we're going to see financial collapse or world war three. (Not to be too political, but the financial collapse scenario doesn't jibe with the doctrine of full-spectrum dominance ...) Regards, Terry

To: westpacific who wrote (15467)	2/24/2002 2:59:41 AM
From: Goodale	Respond to of 74559

You're back so the markets must be tanking again. What have you done to prepare for the pending doom? Please share with us the present nature of your assets.

To: westpacific who wrote (15467)	2/24/2002 4:30:41 AM
From: oldirtybastard	Respond to of 74559

amen brother, and guess what? everyone on si knows this but they all think it won't happen overnight, sure, there will be time to react and position for us all, somenone will hold our hands, ho ho ho

To: westpacific who wrote (15467)	2/24/2002 9:42:22 AM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

westpacific: >>Your beloved FED is printing money, FIAT MONEY, at a level that is just absurd and borderline criminal (but when you are the government you can do whatever you like!!!!). This money has allowed the power players to run up so much DEBT they now own the FED! The Fed cannot allow them to fail, for if they do, then we are talking systemic collapse. It is known as INFLATE OR DIE. Print currency like there is no tomorrow - the same strategy that Bush and his team just asked the Japan Central Bank to undertake. It has ramificatins that borderline on insanity - it is allowing massive debt runups that only lead to a greater problem.<< OK, I understand, we're going to be overcome by a tidal wave of INFLATION caused by the out of control printing of fiat money. >>We could talk about deflation here, the biggest enemy of DEBT, if you do not think that CHINA is going to create massive deflation you are living on MARS. We have 1B people that NEED to work! Stanley and everyother corparation on the planet is exporting AMERICAN jobs offshore. China could produce all the needed goods for the entire globe alone for the next century!!!! This will cause deflation on a scale never seen.<< Wow, we're going to be crushed by DEFLATION. Wait a minute, I thought you said that the problem was INFLATION. Oh, so the big problem is INFLATION and DEFLATION, occurring simultaneously. In your frantic search for the big economic bugaboo, you can't produce an internally consistent post. Try this on for size. The Fed is printing fiat money to offset potential deflation from several causes, one of which you have correctly identified (China). Japan has as yet, failed to inflate their money supply appropriately, which has resulted in outright deflation in Japan. (By the way, 70% of Japanese companies plan to CUT the salaries and wages of existing workers in 2002). They are now in the same kind of deflationary spiral that led to the Great Depression in the US, which was caused by a similar failure to appropriately inflate the money supply. Let's hope that the Bush team succeeds in encouraging the Japanese Central Bank to print like crazy, or we will see a meltdown in Japan. Which will be mostly a spectator sport, by the way, as the Japanese economy has been incredibly resistant to US imports, to their detriment. We will still get our SONY big-screen TVs, even if the average Japanese citizen can't buy a cake of (incredibly expensive Japanese) rice.

To: westpacific who wrote (15467)	2/24/2002 11:36:32 AM
From: pezz	Respond to of 74559

Same'ol Wes,LOL ....Wellcome back. I had a great year since ya been gone how'bout yourself?

To: westpacific who wrote (15467)	2/24/2002 11:44:46 AM
From: pete	Respond to of 74559

financialsense.com

To: westpacific who wrote (15467)	2/24/2002 1:00:44 PM
From: Jane4IceCream	Respond to of 74559

"All The Best" Same to you dude...... I'm moving to Pluto after reading your post. I'll be the first lady on Pluto. Jane

To: westpacific who wrote (15467)	2/25/2002 2:06:12 PM
From: bobby beara	Read Replies (1) \| Respond to of 74559

fark dood, you just gave one hellacious buy signal -g-

To: westpacific who wrote (15467)	2/25/2002 2:20:48 PM
From: Fiscally Conservative	Respond to of 74559

West I am thinking the market will continue down in the next four months possibly into the fall. If your thoughts turn into reality then inflation/high unemployment will be the dagger that pops the bubble.