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

To: Sully- who wrote (48984)	3/26/2002 12:27:48 PM
From: Jim Willie CB	Respond to of 65232

not much will mitigate a sliding USDollar and I expect the Euro to be the beneficiary check trade deficit path contrasted against USdollar path our economical bubble financed the trade deficit the trade deficit is about triple 1990 level we have never had a declining dollar since the trade deficit mushroomed it will import inflation in a big big way my best guess is by autumn 2002 the trends begins to reverse inflation will have several sources by next year in 1999 the moron pundits repealed the business cycle in 2001 the moron pundits repealed the currency cycle they got everything wrong we are in the midst of a STRUCTURAL CYCLE shift not a BUSINESS CYCLE shift due to inventory imbalances the structure is all f*cked up, loaded to gills with debt by the way, the entire concept of the USDollar is itself a debt, a promissory note, backed by a word the trouble is, I am UNSURE what is promised in return ??? it is good for a gallon of milk, pair of car tires but the cost of milk and tires might go up 10% each year Greenspan and his Dept of Inflation are backed in a corner they doubled the money supply during his outrageously irresponsible tenure now stocks deflated, debt imploded but the dollar bubble is alive, the bond bubble is linked to the dollar bubble, and a new real estate bubble has been created it all comes apart when the dollar slides backwards that imho is the objective of the next AlQaeda mission to smash the dollar / jim