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

To: Jim Willie CB who wrote (6564)	9/17/2002 10:59:05 AM
From: TigerPaw	Read Replies (2) \| Respond to of 89467

I was hoping Saddam would give us enough of a rally to sell covered calls. I still have a lot of stocks that I have to adjust my basis on one point at a time. No such luck. latimes.com Long-term Treasury bond yields fell by midday Monday to the lowest levels in about four decades, continuing to defy expectations that a bottom has been reached in this year's rate slide. TP

To: Jim Willie CB who wrote (6564)	9/17/2002 11:57:39 AM
From: pogbull	Read Replies (1) \| Respond to of 89467

You correctly stated: Detroit has become a revolving door of profitless sales I dont see how they can continue to finance their whopping debt. Jim: On top of this they have the pension funds which are going to require billions of dollars to make up for shortfalls in projected rates of return. You are also correct when you say words to the effect that this downturn is not like any of the others we have experienced. This will end badly. The question is how long will they drag the decline out ie Japan. I say get the pain of the cleansing out of the way quickly so we can move on. But I'll bet it turns out to be like Japan a long drawn out decline. I think this is worse from a psychological stand point. Back to work for me...