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


To: t2 who wrote (1214)7/2/2002 5:39:53 PM
From: stockman_scott  Read Replies (1) | Respond to of 89467
 
"Diogenes needs a searchlight of massive proportions to see the truth in accounting reports these days."

-Art Cashin on CNBC



To: t2 who wrote (1214)7/2/2002 11:15:16 PM
From: Jim Willie CB  Read Replies (9) | Respond to of 89467
 
nix PPT, gold skyrockets in 9-12 months as US$ collapses
PPT as a tool of the Fed and CB's enables resting points, correction periods, reassessment times, where doubts and insecurities can combine with ignorance and false faith

but the intervention itself alerts the entire financial world to the wrong values that exist, which must be targeted for redress and correction via appropriate action by the free markets

Soros wants secretly to see PPT action because it gives longer legs to profit
when deeply oversold dollar condition exists, and PPT enters, it is time to exit
after the big players have joined side by side with the PPT actors, stand aside

then after a break of time, re-enter again
and profit twice over certain price handles
that is why Soros wants intervention

but on a larger stage, Soros might want to see responsible govt action that ensures stability in the financial world
I find the mere existence of the Federal Reserve as proof that instability will be with us forever
/ jim