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

To: lurqer who wrote (7189)	9/23/2002 4:22:25 PM
From: stockman_scott	Respond to of 89467

<<...Does that mean that the bull correction within this secular bear will be better than the bull correction of '32 to '37?...>> There's always a few optimists lurking around each corner...=)

To: lurqer who wrote (7189)	9/23/2002 4:22:43 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

much depends on capital liquidity fundamentals, which are reflected within banking depository and lending activity, according to ongoing nearterm fluctuations on risk-based valuations, tethering of vaporous assets to realistic assets, tethering of assholes to mouthpieces, aversion to risk-based undertakings, notwithstanding foreign willingness to subscribe to executive fecal disseminations, the speed of disinformation flow, reliability of delivery systems, and reward for deployment of constructive devices for separation of trespassing agents from taxpaying citizenry, in parallel with destruction devices for separation of threatening headdress from carcasses beware that obfuscation is not materially intended to defecate, nor is defecation intended to obfuscate, unless and until one cannot survive in our illiterate system without the cognizant integration heretofore and forthwith, and participation among aforementioned vehicles deemed principal and secondary, but certainly not critical / jim, BS, MS, PhD (Bull Sheeah, More Sheeah, Piled High and Deep) p.s. time for a paid newsletter launch

To: lurqer who wrote (7189)	9/23/2002 5:01:29 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

clip from Eric Fry - "In theory, the Fed can decrease the money supply as well as increase it," writes Andrew Kashdan of Apogee Research. "In practice, however, the Greenspan Fed is only in the business of increasing the money supply, although the rate of increase can fluctuate greatly. Now, of course, the money supply is expanding at such a clip that it's swamping any increase in output. Hence, the possibility, if not probability, of [resurgent] inflation is omnipresent." - Consistent with the bullish trends we're seeing in the commodity indexes, the "resource economies" are faring pretty well these days. As Greg Weldon points out, "Australian and Canadian employment figures have been in a virtual race to the upside, and have presented a rarity - two countries that can boast of an uptrend in job creation." Canada reported that 59,600 jobs were created in August alone (for perspective, that's equivalent to about 500,000 U.S. jobs)...Then recently, Australia reported what Weldon labels a 'mammoth' increase of 88,000 new jobs in August, 87,700 of which were full-time positions. You don't see that kind of job growth every day. - "The Canadians and the Aussies part ways when it comes to the effect of the jobs data on their currencies," Kashdan observes. "The Aussie has moved up smartly; not so the loonie. Weldon speculates that geography and Canada's reliance on the U.S. consumer is affecting the behavior of the two currencies...If the global economy starts to pick up and price inflation returns, expect all the resource currencies to kick into high gear." - But what's good for the resource currencies is not so great for the owners of bonds. Bondholders beware.