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


To: lurqer who wrote (10798)12/25/2002 10:18:03 AM
From: Crimson Ghost  Read Replies (1) | Respond to of 89467
 
This is especially the case considering that the US now is bogged down in Afghanstan and may well have sustained many more casualties there than publicly admitted.

Perceived foreign policy "wisdom" is as cyclical as the markets. Back in the 1970s we had the "Vietnam Syndrome" when people were frightened of any war because of the prospect of heavy losses. Now we have swung full circle -- the perceived wisdom is that the US can fight and win any war at minimal cost. This is just as silly as the Vietnam Syndrome IMHO.



To: lurqer who wrote (10798)12/25/2002 1:18:54 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 89467
 
2003 will be THE GRAND WAKEUP YEAR for American investors
I believe many distinctly different types of shit will hit the fan

the dollar will experience major cracks, with sudden fast declines threatening our financial markets, as foreigners continue their departure, leading to a rise in price inflation, perhaps more than bargained for, and fully justified by Govt officials who have long lost control, as they claim our exporters will benefit (except we dont have any left)

the stock market will suffer its 4th consecutive down year, with major cracks exposed, falling seriously as the dollar declines (hand in hand), with foreigners abandoning (not just selling), as pension underfunding and stock optioning become prominent topics of concern, and future earnings expectations widely are criticized as a joke

the Trez bond market will not crash, but something almost as bad, it will erode and give off gas, with creeping rising interest rates justified by Govt officials justify it as the typical cost of a recovering economy, only we wont have any recovery, since so much of the sustained activity was based upon mortgage refinances

more big unexpected failures will occur, with major banks top on my most likely list, producing 3SIGMA events (forget 10SIGMA, 3 is plenty to disrupt) which will throw the markets into continued chaos

an energy nightmare will return, just like mid-1970's
Puplava identifies a triple source in Venezuela, Iraqi, and harsh US winter
I dont think it will require even a harsh winter, since a normal typical winter will do the job in stressing the unprepared system
Venezuela is already in place
Iraq will soon join as we naively expect we can contain the violence

layoffs will mount, month after month, as companies continue to find no other means of remaining in business, let alone producing a profit

gonna be an explosive year
confidence in Wall Street will not return, in fact it will deteriorate further, much further, as prosecutions and lawsuits proceed on a seemingly neverending course

opportunities abound since so many cling to naive baseless expectations in the strength of capitalism and govtal potential to stimulate
the only trouble is that capitalism is not at work
the other trouble is that govtal powers are now impotent
the utter powerlessness will be stripped naked for all to see
it wont be pretty

GOLD will be the release valve for govtal and economic failure
/ jim