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


To: stockman_scott who wrote (50389)4/23/2002 9:31:04 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
without US economic expansion, world turmoil in pockets

we lead the world in growth
but in a strange perverse way
we lead by means of a massive trade deficit
it was $36 billion in February, shocking even economists
that is almost $2B/day, as Roache mentions
we buy finished goods from other lands
how long can this last?

the masses think it is ok, normal, acceptable, good
think again
the US trade deficit is 4% of GDP and rising
no precedent in history for the USA not to see a dollar correction

the CPI has artificially been held low from cheaper imports
this will soon reverse
and the CPI will show higher numbers, maybe scarey numbers
then as US buyers binge less on foreign electronics, art works, clothes, trinkets, those foreign economies will enter deep recessions

when the USdollar correction comes, you can expect fireworks
THE PERFECT STORM
this will be unlike previous dollar corrections
because we have been printing dollars like never before since 1990

THE PERFECT STORM
recession, inflation, stock bear market, currency crisis
plan on it
my guess is starting later this year, and climaxing in 2004
/ jim