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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: sylvester80 who wrote (94214)	7/14/2002 4:03:36 AM
From: limtex	Read Replies (3) \| Respond to of 99280

sylv - AG say something reassuring? Forget it. He is the cause of this mess in the first place by putting up interest rates in 2000 when he should have cut them to near zero. He blew up the entire world economy. He wanted this and now he's got it due to his irrational obsession with the NAZ. Tuesday he'll say his usual inscrutably designed sentances that no-one can understand and that leave the listener with whatever impression he wishes. He'll say:- Everything is OK but tenuous. There is growth but we have to be cautious. There is still a danger but there is not so much danger. The market was high and now it has come down and this causes problems and imbalances in the economy. We don't think there will be a double dip but there might be a double dip. We have to be vigilant. We must guard and against inflation, but inflation is low. There are problems in the World. There are many uncertainties. There are imbalances in the economy. I'd like to say a few words about the consumer, please dear Lord may they carry on spending and if there are lay-offs let those that remain in work spend more. And about the real estate market, Thank G-d for real estate. Mr Chairman people have asked me when this will all end and to them I say it will end. Most importantly Mr Chairman markets go up and markets go down. I haev come to this profound knowledge after studying this matter for years and years. There is structural something or other and we must be cautious. Productivity is up but it might not stay up for ever. There has been volatility and the bond market is reflecting something that what I am about to say no-one will understand (and neither do I). The bond market is telling us something but it might not mean anything at all or alternatively it might be very significant. We will find out in about thirty years or so. He will speak even more slowly than before and his voice will have even more base to it so as to make it sound ever more learned. His brow will be mreo furrowed because it also makes him look more learned. The Memebers of Congress will sit there spellbound and say and do nothing. They will ask questions that he can't answer and then they will all go home. Best, L