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

To: T L Comiskey who wrote (49125)	3/28/2002 9:59:17 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

both I am afraid the majority of multinationals engage in accounting tactics resembling Enron I believe Anderson is the fountain of chicanery knowledge they were on a tight leash with WasteMgmtInc it strictly forbade shredding and obstructions that is why they will now die I read recently about Genl Motors and its proforma games their earnings for FY2001 are half what claimed I read recently about IBM and its proforma games their earnings ever since Merlin Gerstner took over are something like 70% of what claimed these guys are all doing it deceiving the public and violating trust if they are largely Republicans, let them burn I am convinced of two things: 1. many many big corporations are shells of value, whose debts outweigh any inherent value, as measured by mktcap... their chief value is as an employer 2. what keeps the economy flowing is the endless stream of debt, called euphemistically LIQUIDITY, which is just another name for INFLATIONary supply of cash... bubbles are everywhere you turn... cannot watch TV without some ad for no interest payments until next year, which means they are giving it away to stay in business I am not optimistic about the recovery this is not a liberal or conservative stance since Sept11th, our world has opened a new door it is marked by religious dispute, and constant warfare, even as multitudes struggle to maintain a standard of living the entire financial system in my humble opinion is faulty I cannot fix it but I am incredibly optimistic that I will prevail but investing in real money, as enjoined by natural resources which have been neglected in value since the paper mill began to spew in 1993 take it easy, ToolMan / jim