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


To: surfbaron who wrote (4489)8/14/2002 10:48:43 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 89467
 
here we are: sub-4% 10yr Trez, huge danger signal

this tells me that substantial sidelined cash has now decided NOT to bother with stocks, and instead to hunker back down into the safety of longer term bonds

Weldon expected this
just wondering how much time before foreigners sell our financial markets ???
and when they will sell our TBonds ???
Weldon doesnt address this, but Puplava does
not right away, but in nearterm

this doesnt point to recession as much as TOTAL ABSENCE OF PROFIT POTENTIAL
from the absolute lack of pricing power
from the reduced economic activity
to general deflationary pressures
within an environment of continued bankruptcies

but curiously, the Commodity Research Bureau index is still trending up
grains just rose in the last week almost 10% in price !!!
gasoline inventory saw very large reductions from API Institute yday
so, deflation with inflation in commodities
next: dollar resumes downward path, gold rises

futures.tradingcharts.com

so the Puplava Bifurcated Scenario continues to unfold
an extreeeeeemely dangerous environment
/ jim



To: surfbaron who wrote (4489)8/14/2002 11:11:47 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 89467
 
I smell a HUUUUUGGGE low pressure zone with S&P forming

money flying into bonds
Aug 15th CEO ShamDay here
Fed GreenHam powerlessness slowly exposed
USdollar decline soon to resume
bankruptcies continuing to accelerate (USAir, UnitedAir)
legal prosecutions continue, except for Enron
shareholder lawsuits mount by the week
corporate bond spreads widen, even as Trez yield drop
credit business tightens, with less total lending activity

why the public and masses cannot see it is beyond me
I guess they are just sheep
they find such comfort in their celebrated ignorance
like Voltaire, they have dangerously misplaced trust in the Fed
they have misplaced trust consistently for several years

they cannot discern the Fed's loss of power exhibited lately
it is crystal clear to the trained eye

sad, real sad
I have given up warning 8-10 key friends in this life
when RealEstate falters even with low rates, they will be confused
a smart Boston friend actually asked me why S&P isnt 30-40% higher now, based on the FedModel
I laughed into the phone, but eventually tried to clear it up

WE ARE 20-25% INTO THE GREATER DEPRESSION
only this time, it is a stealth depression
the USGovt, the press/media, many outspoken leaders, the at-risk establishment, they all are denying its horrible unfolding


ironic that the most reliable editorials, research, opinions, and data can be obtained for FREE on the internet
/ jim