Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sharp_End_Of_Drill who wrote (21187)	11/2/2002 11:14:03 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 36161

ordinarily SharpMan, I would agree but how do you overcome $32 trillion in national debt $6 trillion in federal debt household debts, corporate debts millions of deeply indebted citizens 90% of US economy's asset base already indebted fraudulent behavior exposed on a near universal scale strong dollar policy finally exerting its whiplash false hope in FedReserve gradually exposed as empty banking system endemic shockwaves perusal down the Japan Path to destruction seemingly unavoidable car companies requiring no cash payments now IBM using hardware as loss leader for SW/service sales housing topping out amidst absurd financing processes REFI's coming to an end feeding fumes to the consumer consumer confidence falling off a cliff mfg capacity utilization levels far below recession levels consumer debt rising 2x faster than income jobless claims steady over 400,000 weekly with energy costs rising federal budgets turning deep red corporate debt not rolling over easily junk bond defaults over 40% mainstream corporates slipping to junk Europe's leader Germany declining dangerously Japan's Vampire Economy sucking lifeblood from healthy firms Islamics turning backs to Western financial systems and GOLD beginning to wield its vengeful wrath ???????????????????????????????? I really dont believe my bearishness is feeding upon itself quite the contrary THE ECONOMY'S SLOWDOWN, BREAKDOWN, DEFLATIONARY PRICING IS FEEDING UPON ITSELF and I am closely monitoring it in a once per lifetime opportunity lower rates beget even lower rates and then factor in economic policy stupidity and factor in abject economic lack of competent understanding almost every single govt policy achieves the opposite unintended effect I could cite 20 examples soon we will hear of every household receiving cash payments from the USGovt as "helicopter drops" in a futile attempt to keep the spending patterns continuing please enlighten me where I err without using the platitudes that have prevailed in the past you have to factor in that we have two generations now of accumulated debts THAT DONT GO AWAY welcome to the early phase of Kondratieff Winter the next phase, as even Business Week points out, is to see widespread corporate decisions to cut costs in the only remaining avenue: labor (layoffs) thanks for the headslap, which I value in deflationary spirals, attempting to cleanse multi-generational debts, contrarian thought simply doesnt work we will get thru with our teeth and its skin, but not before a long cleansing process people will survive, but with much less debt I recall a great quote from Ted Turner, when asked about his accumulated wealth from memory, butchered but with proper essence "all I have done is balance mindboggling debts while creating a big business... I suppose the assets just outweigh the debts" TedT is down to his last $1billion, after topping at $7B it is all about debt's function now thanks / jim

To: Sharp_End_Of_Drill who wrote (21187)	11/2/2002 4:02:08 PM
From: jrhana	Respond to of 36161

<Americans have a tendency to bounce back under adversity. The harder you knock us down the harder we come back.> Just watching a TV lecture on the Navajo Indians who developed a unique code for tactical communications in Pacific theatre in WWII. amazing story and example of the use of hidden resources. (We easily could have lost WWII without the Navajo code; I intend to buy the book-by a lady named McLain). Yes we will pull through and American ingenuity and fortitude will conquer and prosperity will someday return. I fully expect to see other bull (and bear) markets in the future-each one with its own rules and drama. But meantime things are looking pretty bearish (at least to some of us). It only makes sense to act according to one's perception of reality. Not wanting to lose ones capital does not make you any less of a patriot. If I think I will make money in PM shares, that does not make me a less worthy American than you. Bears do not make bear markets. PS ZEEV please stick around-diversity is what makes this board so unique.