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


To: Jim Willie CB who wrote (10287)12/11/2002 2:47:05 PM
From: stockman_scott  Respond to of 89467
 
<<...HP Print Cartridges -- theft annually $50M...>>

I recently have noticed at the Walgreens here in Chicago they lock up the Gilette Mach 3 razor cartridges...;-)



To: Jim Willie CB who wrote (10287)12/11/2002 4:58:25 PM
From: crdesign  Read Replies (1) | Respond to of 89467
 
I'm not as dumb as I look jimmy.
My favorite theft stories are the ones where Municipal employees misplace brand new Backhoes.
Hmm ...where did I leave 12,000 lbs of steel, rubber, and hydraulic hoses?

Tim



To: Jim Willie CB who wrote (10287)12/11/2002 5:03:59 PM
From: stockman_scott  Respond to of 89467
 
Fed Focus > Necking In The Mezzanine

Paul McCulley
Managing Director
PIMCO Funds
December 2002

Necking In The Mezzanine

President Bush has staked his legacy-to-be on forcing a regime change in Iraq. I have a viewpoint on whether this is a good or bad idea, but I will keep it to myself. As a man who has traveled extensively in the Middle East over the last decade (but never to Iraq!), some fifteen sojourns, I realize that the more I know, the less I know about how the constellation of regimes in that part of the world should be aligned. And cogitative impotence is a good reason to avoid contributing to cogitative dissonance.

Not so here in the Homeland. I know more than a few things about the constellation of economic policy regimes in Washington, and feel no compunction whatsoever to keep my mouth shut. In fact, the fiduciary duty that PIMCO's clients entrust to us demands that we anticipate regime change in America's economic order, and preemptively position portfolios accordingly to bring profits to clients' bottom lines. That's what they pay us to do. And it is also part and parcel of PIMCO's Secular Economic Forum process: leaving the business cycle at the door and anticipating structural changes in the institutional linkages of the economy, policy and markets.

For rest of article, click on link...

pimco.com