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

To: Jim Willie CB who wrote (10871)	12/30/2002 11:34:38 AM
From: SGJ	Read Replies (3) \| Respond to of 89467

You know the answer I get around here is markets always go up in the long term, Latin America blows up regularly, and Governments always find a way out of fiscal messes. Many in the rank and file financial community believe that you must think positively regarding the economy or you will cause a self fulfilling prophecy of economic malaise. This allows one with huge debtloads to sleep easily and keep getting up everyday to go to the office. When so many are debtors, what else can they do. Many are in debt because they really have no choice if they are to feed, clothe, educate and maintain the health of their families in the style they think they deserve. They think they deserve it because many have advanced degrees and both spouses are working. Still ends have trouble meeting. There is a lot of apathy, even with professionals, because the boomer generation has really not ever had a serious economic retrenchment. In CA, you solve the problem by moving further out of from the city your office is located. Some now commuting 90 minutes from inland to the Bay area and still facing $300K mortgages. The 90 minute commute is possible only if you leave at 4 am. Usually you return home at 8pm. You do it, it becomes life and life is good in CA. Think positive or we fall victim to the self fullfilling prophecy. Gold is not an option because most corporate 401k plans don't offer any vehicle to invest in metal or miners. So gold is off the radar screen. IF the fever catches, the mania will rival the dotcoms. I listened to George Harrison's "Brainwashed" CD this weekend. Highly recommended. It's golden jackass with a little more soul.

To: Jim Willie CB who wrote (10871)	12/30/2002 12:47:34 PM
From: lurqer	Read Replies (1) \| Respond to of 89467

DEFAULTS WILL SPREAD LIKE LOCUSTS I was thinking about this recently when I saw a spate of muni recommendations. lurqer

To: Jim Willie CB who wrote (10871)	12/30/2002 10:26:37 PM
From: Raymond Duray	Read Replies (3) \| Respond to of 89467

Howdy Jim, Re: DOES ANYONE SEE THE PRESENT INSANITY ??? No need to shout. Plenty of us see the present as insanity. Mostly it is being brought to us by the fine folks who brought us "The Committee on the Present Danger" in the 1970's. Ironic that it is they who were and are the "present danger". For those who haven't noticed, the "democracy vs. empire" issue appears to have been resolved. However insane, it appears that empire is the course and cost is no object.