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

To: Wharf Rat who wrote (6561)	9/17/2002 11:22:51 AM
From: Jim Willie CB	Respond to of 89467

RatMan, now Dow is threatening minus 100 imagine being long overnight on stocks, salivating over the Iraqi news then comes Industrial Production to cut your nuts off at the knees (assuming endowed as great as Clappy) from plus 110 to minus 90 and falling that has to be very discouraging IT IS THE ECONOMY, STUPID you must be weary now, being addressed as Stupid so much just a phrase, I mean nothing by it just a Jackass spouting off, kicking up heels I thought the Trade Gap numbers last week received far too little attention Q2 was minus $130B trade gap that is 16% higher than Q1 that is 31% higher than last year's Q2 trade gaps will combine with federal deficits in sending the USDollar down again this autumn I agree with Puplava and Sinclair that the next victim from dollarized sales is the USTBond Sinclair points to the November midterm elections as turning point Noland of Prudent Bear (whose trade gap %ages I quoted) believes that California will also see a turning point this November the Calif State deficit is also alarming, at $26B new taxes, reduced spending hmmm, not too stimulative for the Left Coast, eh? we are witnessing a consumption binge with a credit bonanza meanwhile, jobless claims ropped 420,000 in recent data doesnt anyone in press/media get it? the US Economy is taking a flush down the toilet even as new debt comes in from REFI's, consumer spending is dropping this is alarming and Real Estate bit hard on the low-rate fakeout boy oh boy, is its reversal gonna smother the US Economy !!! / jim