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


To: Dnorman who wrote (2562)7/18/2002 11:58:43 PM
From: Jim Willie CB  Respond to of 89467
 
yes, no IBM rally today, eh? tomorrow Dow minus 250 pts /jw



To: Dnorman who wrote (2562)7/19/2002 12:22:54 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 89467
 
worth watching, on my new list: CRB commodity chart

futures.tradingcharts.com

showing a nice uptrend now since October
Commodity Research Bureau index is most widely observed
two others compete
Journal of Commerce, and some other, cannot recall

I dont want to see inflation undermine commodity prices
if that occurs, then we face Japanized consequences

CRB includes:
metals - gold, silver, copper
energy - oil, natural gas, gasoline
grains - soybean, wheat, corn
softs - coffee, sugar, KYjelly

my central contention (learned from Puplava) is that Fed monetary inflation, which is otherwise known as "beneficial liquidity", will find a path of least resistance

it will head into commodities disproportionately
we will get commodity inflation
maybe even a nice bubble in the next several years
the Fed cannot control where money goes, what it chases
techs and standard S&P stocks will decline for a long while
then they will sit and collect dust later

but commodity stocks will rage, rage, rage
just like the late 1970's
Puplava is brilliant
check his most recent submission, "Debt Valley"

financialsense.com

/ jim



To: Dnorman who wrote (2562)7/19/2002 10:32:59 AM
From: stockman_scott  Respond to of 89467
 
P.Q. Wall Is Full Of Worry

forbes.com