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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: isopatch who wrote (19195)	9/18/2002 11:37:56 PM
From: nspolar	Read Replies (3) \| Respond to of 36161

iso, yeh the wages - if you are a working stiff like I still am they are ever so important, and thinking back historically a very good indicator of inflation. Wasn't thinking - already did take a wage cut for next year, in the form of cash bennies. But I'm afraid there will be more for us white collar oil field trash types, and more layoffs as well. They will keep picking on us until this sucker bottoms, and the power goes back to the workers. The latter is a long ways off now. You are no doubt correct in that the luxuries get hit first. Just common sense. But if the most bearish of bearish articles are even partially correct, not much will spared by the end. I do wish I had more gold prior to this recent run, fairly light as you know. But using crusty's expression getting shithammered in gold is not something I want to experience. There are lots of opinions - lots of strong ones as well - but the deflationary/gold scenario is murky to me. Very murky. If Saville is right in his first premise, and wrong in his second, I don't think one will see it coming until it is too late. Now let us see, if Saville bats 60/40 .... maybe I should have .... well now let me recompute in case Saville bats 50/50 .... Where the hell is George when you need him? AND the inflation/deflation scenario is a little less murky to me at the moment. I was trying to be just 50/50. Now tilting to deflation but trying to remain open minded about the possibilities and about how it manifests itselfs and works its way through our society. I think there are a lot of fence sitters at the moment as well, contributing to some of volatility of late.