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


To: pogbull who wrote (9926)12/1/2002 8:30:24 PM
From: Jim Willie CB  Respond to of 89467
 
Mauldin discusses VELOCITY OF MONEY, very deflationary
I honestly believe there is nothing the Fed can do
all its efforts will end up distorting the distortions further
nothing can stop the liquidation process from continuing
lower interest rates are slowing down the economy
NOT STIMULATING IT

here is the most dangerous consequence I expect to see:
LOST CONFIDENCE IN US FINANCIAL LEADERSHIP BY FOREIGNERS
bigtime lost confidence in USDollar
widespread belief in corrupt manipulation and control
concern over price fixing and price setting by USGovt
focus on colossal non-redeemable US debts
extreme scrutiny put toward US Treasury Debt
maybe a little more rallying in Trez bonds
but major league bond problems are coming
first in corporate land, then govt land

then comes the retaliation by Islamics
the Iraqi Campaign will open the floodgates of retaliation
I believe Iraq WMD is a ruse to seize oilfields
/ jim