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


To: yard_man who wrote (6062)9/11/2002 11:33:44 AM
From: Jim Willie CB  Respond to of 89467
 
agreed on selling liquidity
kind of like selling your best bigname highly liquid stocks as you deal with rebalancing entire stock accounts, dealing with margin demands, selling off losers, selling partially the strongest to raise cash

the catalyst?
the tipping down of the US economy later this autumn
all signals (at least 90% of them) are tipping down
the next leg down for the dollar will push Europeans
they are my main concern
I believe they will sell their TBonds at the same time as selling remaining stocks
foreigners hold 4x as much in TBonds as USStocks
the dollar eroded some bond profits
the dollar exacerbated all stock losses
if they dump them both, they offset the heavy heavy losses

an unpopular war combined with slipping economy will tip it
ironically the escalating war has added a huge energy tax that could push the economy over the edge
/ jim