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Pastimes : A Jackass, his PAL(indrome), and GOLD -- Ignore unavailable to you. Want to Upgrade?

To: philv who wrote (71)	1/10/2003 6:25:07 PM
From: Duane L. Olson	Respond to of 1210

Good assessment -- would you mind if we put your name in as a replacement for Kudlow -vbg-. Seriously, you make a lot of sense. Some of the prescriiption you call for is already underway.... the dollar is falling fast against the euro, and likely to continue. (Which could get scary if it goes too far and nobody wants to hold the greenback anymore)... On the brighter side, there are still a lot of companies willing to build in the good old USA...like Nissan, Toyota, Daimler....not to mention a few Japanese electronics plants ---some of which are substituting for high paid union labor in US plants. But, as you point out, the growth is in service jobs, and they pay even less. Can't say that any answers appear on the horizon, but seems to me that the attempts to 1. "grow the economy" and 2. "avoid deflation" are two good reasons to expect that gold (and GOLD and GLG) aren't going to go "out to pasture" anytime soon. At least that's my hope, and why I share your view of the prospects. I'm playing a little of the rebound in energy and power on the side (EP, MIR, TXU, DYN, CPN), but wouldn't recommend any of those for the faint of heart. Thanks for your good analysis -- clearly you know whereof you speak. tso