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


To: Softechie who wrote (9997)12/4/2002 3:34:23 PM
From: Jim Willie CB  Respond to of 89467
 
in Sept to early October, the stock August rally got killed
in Dec-January-Feb, the recent rally will get killed

the big development I see coming is for both stocks and bonds soon to decline in unison
e.g. together

the rebalancing game can go on and on
but eventually, it dont go back to bonds
the bond crowd is way way too smart !!!

with monetized debt with newly supplied dollars, we will cause some bond damage
if not damage, then choppy flat times as stock money comes in, but smart money goes out (from watching dollar), and also foreigners will increasingly depart our financial shores

in a few months, Europe will join in the monetizing desperation
until then, we are alone in feeling currency heat
I ignore Japan, a land of financial quicksand and stupidity

by this time next year, the financial warfare waged by Islamics will be painfully clear
wave your flags all you want
but that doesnt change the reality of their upcoming warfare
our vulnerability on the financial front is only exceeded by our border vulnerability for terrorists just walking in

wave the F16's, aircraft carriers, missiles all we want
they dont matter
we are fighting our debts on one end
and fighting a religiously inspired human virus on the other

the upper wind trend is becoming clear
Asians and MidEasterns are turning to a gold-centric world
while Westerners are stuck in a debt-centric world

the best case scenario for USA -- MOTHER OF ALL STAGFLATIONS

/ jim