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

To: orkrious who wrote (4323)	8/11/2002 6:09:16 PM
From: Jim Willie CB	Read Replies (2) \| Respond to of 89467

ok, that is Detroit, which is a ghettoed hollowed city now how about Atlanta, SanFran, LA, SanDiego, Denver, StLouis, Orlando, Tampa, Philly, WashDC, Pittsburgh, Cleveland, Minneapolis, Chicago, Seattle, Dallas, Houston, Phoenix, Memphis, Boston, NewJackCity ??? each city has its own economic leaning SF clearly got hurt on highend from tech, telecom, dotcom but Boston is strong still, for how long? their economy is fueled by govt spending in military and health I think pockets in the USA will get softer really fast then softer on a widespread basis gradually then suddenly down 20% across the board in an effing flash I eagerly await the clowns on press/media reporting it they have been cluelessly confident on RE's strength which opens the Pandora's Box on spending cutbacks, foreclosures, bank derivative messes, bankruptcy of FannyMae, etc then massive layoffs nationwide after 2-3 months it has been widely believed that consumers and real estate are holding up this entire economy if you add USGovt spending, then I agree so when RE craters under its own excess weight and laughable optimistic assumptions... THEN THE WHOLE ECONOMY COMES DOWN SEVERELY by the way, MZM is rising quickly, as reported by Richard Russell so the Fed is on the case my bet is the Fed is about to feed a new bubble, and the new monetary expansion will not go exactly where GreenFukFlation wants it to, and instead it will feed the commodity speculation / jim