To: SOROS who wrote (9169 ) 11/12/2002 11:03:11 PM From: Jim Willie CB Read Replies (1) | Respond to of 89467 I think Brinker is full of cowshit he is employing standard thinking this is not a standard bear, nor standard recession to begin with, we suffer from widespread economic analysis 99% mental vacancy the depth of economic understanding represents a tiny pool of water on a summer sidewalk, 1/4-inch deep so during an economically challenging time, most make errors open a newspaper, read about finance pages is there any mention of debt levels??? extremely little I said in March 2001 the keyword will be: DEBT DEBT DEBT it is still the key watchword, 18 months laterwe are taking the debt chain reaction collapse too lightly Recession, part II begins this Christmas by then, the USdollar-driven vicious circle kicks in like pulling the plug on the debt-filled bathtub 80% of economists are calling for a 2003 recovery now by then the recession will be killing jobs while debt levels continue to rise I expect FedGovt monetizing to keep the economy going when the dollar heads down in leg#2, the USGovt will be reluctant to issue tons of new TBond paper, since that might upset into a rising interest rate so they will attempt to fake out the bond market by printing money in thin air format but the bond market has a big wide backdoor printing $s is the purist form of monetary inflation which leads to the purest form of price inflation even a little CPI jump will upset the bond market the consumer spending world is soon to drop right off the cliff then layoffs mount and accelerate keyword for 2003: JOBS JOBS JOBS their vanishing act will kill the real estate bubble Brinker is way off, employing hardfast rules he would probably totally dismiss the Kondratieff Cycle we are in it, and it in bigtime the debt collapse and earnings depression is feeding on itself soon it will trigger the vicious circle in a dollar decline / jim