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

To: habitrail who wrote (3861)	8/5/2002 9:43:19 AM
From: Jim Willie CB	Respond to of 89467

housing is up recently, soon to flatten out, then fall / jw

To: habitrail who wrote (3861)	8/5/2002 10:05:35 AM
From: Jim Willie CB	Respond to of 89467

today is stock holiday in Canada, Civic Holiday / jw

To: habitrail who wrote (3861)	8/5/2002 10:13:58 AM
From: Jim Willie CB	Respond to of 89467

a note on Goldman Sax, and their Fed rate calls lately in June, GS expected the Fed to raise rates because of the economy strengthening this was a call based upon strength, whereby the economy could handle a higher interest rate within its cost structure because of robust return of growth now GS is calling for the Fed to sharply cut rates from 1.75% to 1.0% which would essentially SPEND almost half its remaining ammunition this call is based on new perceived weakness I maintain that deceptive financial reporting is occurring both in corporate America AND the US federal govt and Goldman Sax now needs lower rates in order to save its corrupt ass in large-scale bond derivative contract exposure I have given this much thought over the weekend and this is my conclusion GS is facing severe losses, just like JPMorgan and Citibank / jim