Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: mt_mike who wrote (2402)	7/17/2002 10:58:44 AM
From: Jim Willie CB	Respond to of 89467

saw the JPMorgan CFO interview absolutely nothing discussed about gold or their entire derivative desk Faber asked about liquidity only for the firm he asked a number of good toplevel questions CFO said "all is well" regarding liquidity we can all rest now, company must be in great shape after all as for Intel, very prudent to postpone the new fab and margins maintained at 51% is good news but I cannot emphasize enough how important and disastrous this continued CapEx decline issue is read a good piece last night, interview with Gleckenhaus he claims capex is 15x more important for consumer spending consumers are fickle and can disappear easily and I think they will soon but capex spawns the entire multiplier effect right not USGovt stats on GDP are very badly calculated they put far far far too much emphasis on final spending Gleckenhaus claims that in Q4 the govt GDP stat multiplied actual spending in IT by a factor of 15 according to their hapless methods money not spent, money not received but money movement perceptions that the stock markets acts upon very deceptive, very incompetent but then again, they are govt statisticians they couldnt get a job in the private sector / jim