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To: Lucretius who wrote (204579)11/13/2002 8:19:27 PM
From: Secret_Agent_Man  Read Replies (1) | Respond to of 436258
 
he's an idiot-nfg- JBC's--- There isnt gunna be a war, so says the markets, upon news that Iraq are gunna let whoever, do whatever, whenever, however they want, as per UN resolution 93 billion and twelve. Believe it when I see it. Anyway, what about the Oil? The US needs it and so I wonder what the new excuse will be.

Greenspan pointed out almost every thing thats wrong in the US economy from unfunded pensions, real estate bubble, non-equity in US households, debt mountain, inflation, deflation, JAPAN, consumer spend declines, reliance on consumer, business non-investmnet... blah blah blah... and the best he could say is he thinks "they are on the right track" for everything to magically fix itself. Where's the Beef to the argument? More questions with no answers! That was just a marketing, massage the market sentiment speech.
Soft spot.... my arse!

Nuthin is changed. The US will still run at 1.5billion US$ per day deficit, and print money and debt willy-nilly to cover the cracks in this economy..

Gold got smashed $7 on the news, fair enough, on a nice shake of "weak hand longs" ....I reckon we are back up by end of next week! The IRAQ thing is a non-sense in the gold markets, the big thing is the debt and USD bubble soon to pop and the crazy PE of the Dow and SP500 still!! Sound money ... get it in.



To: Lucretius who wrote (204579)11/14/2002 6:10:13 AM
From: MythMan  Read Replies (2) | Respond to of 436258
 
in one day? -g-