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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (678)	6/25/2002 11:42:03 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

Barton Biggs is a bonafide effing idiot So we'll see the dollar down 20% over the next three years. Non-Japan Asia is the best place to be. I would invest in funds that specialize in Asia and the emerging markets. There's nothing the matter with Japan, either, though the turnaround is very slow. he is alert enough to see the dollar going down 20% but he doesnt seem aware that the wide trade gap will usher in price inflation not to mention more harmful capital outflows which affect both financial markets and IPO markets also, 40% of Treasury Bond debt is held by foreigners so any downward momentum in dollar (bond) selling could get out of control with the strong dollar policy came outsized foreign holdings of bonds and gaping trade gaps we may see surprisingly high bond yields to keep foreigners attracted to our debt support $1.5 billion per day in debt interest $1.2 billion per day in trade gap a wise banker would force the USA into default exceptin' we hold too many guns nothing wrong with Japan??? is he senile? well, I suppose it might be normal in his world to monetize $2000 billion worth of dead banks and underwater portfolios and normal to have a federal debt 130% of GDP and accelerating maybe it is normal because THE USA IS HEADING DOWN JAPAN'S PATH when was Barton's last correct call? sometime in the middle 1980's, I believe I remember very clearly his call in July 1998 that the Asian Meltdown "played nicely into America's sweet spot" six weeks later we saw the Russian default and LTCM meltdown hey Barton, nice bowtie they pay you $20 million per year for your drooly advice? / JW