Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jim Willie CB who wrote (48977)	3/26/2002 11:14:47 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

Roach on dangers of the recovery (excellent track record) Stephen S. Roach, the Morgan Stanley economist who doesn't think like other economists, observes, "Never before have consumers spent with such abandon during a recession. Moreover, fully 86% of last quarter's consumption burst is traceable to a 39% annualized spike in the durable-goods category, mainly big-ticket items such as motor vehicles, furniture and appliances that are purchased infrequently. To the extent that such spending was compressed into the final period of last year by some extraordinary post-Sept 11 price incentives, there is good reason to believe that the sales were borrowed from gains that would have otherwise occurred in 2002."

To: Jim Willie CB who wrote (48977)	3/26/2002 11:20:26 AM
From: Wharf Rat	Read Replies (1) \| Respond to of 65232

Magilla Gorilla...Now those are numbers I can agree with. They are not terribly far from the peaks 20 years ago. I also agree that the lure of precious metals has been the one constant thruout history, from their discovery. I don't know why, or how it started, but it's always been there; gold fever has afflicted us since forever, and the quest for it changed forever the Western Hemisphere from Alaska down to lower South America... )I wish I had seen California B4 the gold rush). It sure is pretty. (If I had been the one to set up the system, I would have chosen something a bit more utilitarian, like apples, but, I wasn't). I know there is lot's of gold in the ground. A few years ago, on my daughter's field trip, we toured a mine in the Mother Lode. They estimate only about 7 % of Cal's gold has been extracted. In the mine, there was a 2' wide band of granite, and, in the middle of the granite, color. It runs maybe 200 miles N/S. How deep? Not even a clue. Ag is consumed :-) Sundance