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


To: stockman_scott who wrote (2675)7/20/2002 12:54:42 PM
From: Jim Willie CB  Respond to of 89467
 
credit market derivative events are imminent, widespread

we cannot have KMart, Adelphia, Enron, GlobalXing, WorldCom all forfeiting the debts and avoid deftly all consequences to the derivatives that hedge against such events

this is the other shoe that is long overdue to drop
if MBIA, then ok
but my guess is at least 3-4 shoes will drop

then comes the Big Mother: gold derivative events
why?
because the bond market futures are tied to gold
they are manipulated together
one is the ship in port
the other is the iron chain link anchoring it
/ jim