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

To: crdesign who wrote (9950)	12/2/2002 4:04:26 PM
From: Jim Willie CB	Respond to of 89467

the US is repeating the Japanese policy response but unlike Japan, we have two distinct foreboding disadvantages 1. we require an imported $800-900 billion annually both federal and trade deficits are growing 2. we dont save, but rather run deep in debt 76% of the entire US GDP is devoted to debt service each demands a lower dollar Japan cooperated with a lower yen in order to appease their exporters Sony just last month complained, so BoJ bought USDollars the USA is fighting a lower US$ tooth & nail a lower dollar will raise all import costs (imported inflation) we are not Japan, we are worse off China will continue to gut Japan's mfg base and will continue to erode US mfr's pricing power buy gold, you babbling idiot! by this time next year, you will be dismissing gold investors for other inane reasons even while they are profiting handsomely so far this year, I have almost 100% returns in gold shares how is the Dow doing? S&P? Naz? I will tell you for 2002 Dow -11%, S&P -18.2%, Naz -23.4% when gold busts thru #330 and heads past #350 YOU WILL EAT CROW PIE, and maybe maybe shut up finally in your incessant negative dismissive tiresome PM's / jim