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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Crimson Ghost who wrote (36392)3/3/2002 10:57:57 AM
From: limtex  Read Replies (1) | Respond to of 99280
 
GSC - REading that every day could make anyone suicidal. If this man were correct the structure of our society would collapse.

It is what he doesn't say that is more important than what he does. For instance how will people retire over the next ten to fifteen years? If he is right retirement in that period is out of the window. What do you think that will do.

Well firstly this is a democracy and if there is so much debt that it is ruining any chance for normal reirement then the debt will be eliminated abnormally, ie it will be inflated away.

In any event if he is right then global growth is gong to be shut down. If the global economy expands well then his vision is wrong. If he is right then there is no global growth. I don't see that.

Hedge funds, gold, massive and overwhelming gloom, loss of all hope those are the credentials of a card-carrying bear.

Best,

L



To: Crimson Ghost who wrote (36392)3/3/2002 2:32:18 PM
From: whydididothat  Respond to of 99280
 
Thanks for posting that. I read him in the most recent Barron's Roundtable and he was a pleasant contrast to the likes of Abby J.

BTW, what was the source of this interview?



To: Crimson Ghost who wrote (36392)3/3/2002 4:29:24 PM
From: ajtj99  Respond to of 99280
 
George, thanks for that article. Nice read. He also sees what many are seeing - a drop in early summer.



To: Crimson Ghost who wrote (36392)3/3/2002 6:58:37 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 99280
 
Swiss Zulauf is a sharpie
I dont follow him much, but we are in fine synch
consumer rebound is spent, done, kaput
tax refunds, mortgage refis, lower energy costs, debt to the hilt
jobs will continue to erode slowly, and not rebound much

inflation must occur to exit the funk
and such Fed-induced inflation will eventually lead to higher prices of goods and commodities

I find it almost TRAGIC that mainstream American folks and esp investors CANNOT EVEN DEFINE INFLATION, nor do they know ITS ORIGIN

inflation: rapid increase in money supply, resulting eventually in widespread higher prices

in 2001 the Fed increased money supply by 20%
Zulauf claims they will continue to increase money supply at these staggering high levels
this will lead to higher prices, higher interest rates
but the first jolt will be commodity prices
most investors claim WE HAVE NO INFLATION, thinking prices
but they cannot tell you how higher prices happen

bigtime inflation is in the pipelines
that is why longbond yield has not and will not come down
that is a principle frustration for GreenManiac
bigtime blueblood bondholders are the smartest most conservative guys around

gonna be fun
Zulauf loves mining and mineral stocks, hates banks
smart guy, since more bankruptcies are coming, and bigbanks will be holding the bad paper

we agree
we will see, since nothing is guaranteed
we might see another yearlong splurge of debt-based spending
and then the explosive effect on prices from the mindboggling, unprecedented, horrific inflation that GreenFuche has wrought

I fully expect GreenScrotumBag to go down in history as the most irresponsible Fed Chairman ever seen
he is like a pyromaniac who sets fires, and is first to arrive with the fire hose
then is given credit for putting out the fire
the examples during his tenure are so numerous

thanks for the post
/ Jim