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


To: Wharf Rat who wrote (8839)11/5/2002 9:11:09 PM
From: Wharf Rat  Read Replies (2) | Respond to of 89467
 
Just heard on CNN that Shrub has accepted Pitt's resignation.



To: Wharf Rat who wrote (8839)11/6/2002 10:32:50 AM
From: Jim Willie CB  Read Replies (4) | Respond to of 89467
 
with the Congress sweep by Repubs, all kinds of federal spending will be unleashed
Bushy will regard the sweep as a confirmation mandate for attacking AlQaeda
but since USMilitary either doesnt know where they are, or doesnt have the balls to attack them inside Saudi Arabia, where they are hiding, we will attack the easiest target in Iraq

furthermore, a Fed interest rate cut will make bonds all the more unattractive as they compare to inflation
real rates are soon to turn negative
low shorterm rates are the sentinel signal for a longterm gold uptrend

the bond market has a new twist on things, very expected by gold hunters
the 5 and 10-yr Trez yields are rising somewhat now
they are anticipating more federal deficits !!!
this is the nasty rub behind using the same ineffective fiscal tool to stimulate
if it fails, you earn higher rates even though the economy does not spark up

all this is GREAT for gold

/ jim