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To: Earlie who wrote (215245)1/17/2003 12:45:18 AM
From: Secret_Agent_Man  Read Replies (1) | Respond to of 436258
 
has anyone chimed in lately that this will end very badly?///

History is filled with many similar events and so far, fiat currencies have rarely emerged from "printathons" other than in tatters

to many stories to tell and the supposedly intelligent portion of our society is still stupified and is going along with the program-ing...not our loss but, alas
c'est la vie....



To: Earlie who wrote (215245)1/17/2003 7:19:12 AM
From: Alias Shrugged  Respond to of 436258
 
Earlie

<<<I see us heading for a down-and-dirty, thirties style depresion.>>>

Quite possible. And I agree the buck has major tough love coming in the near future. My concern is: as the dollar plummets and prices rise and debt turns to shit, could stock prices rise since they are priced using a now-rummy currency? I guess this is an added reason to only short the heavily indebted companies.

On gold, I bought physical when spot was $325. The nice thing about owning physical is I am not tempted to trade it, or take profits, or sell calls against it, or any other cutsie thing that can be done with stocks. If there is a major "dislocation", I will be onboard with an asset residing outside of the financial matrix.

Your posts are always appreciated,

Mike



To: Earlie who wrote (215245)1/17/2003 8:22:08 AM
From: Agamemnon  Read Replies (2) | Respond to of 436258
 
a down-and-dirty, thirties style depresion looks like it's already w/ us outside major metros. an evening news piece from ohio showed hundreds in a soup line(some probably not justified. Alot of people are incredulous that soup lines are back including the elderly gent. who was also in a 30's line.
As far as the printathon it seems theoretically possible that the PPT can inject invisible money (those fleeting electronic bits) into the system without anybody ever knowing the origin.
As far as gold it looks like it's going to 370 before 330?



To: Earlie who wrote (215245)1/17/2003 9:31:18 AM
From: Knighty Tin  Read Replies (1) | Respond to of 436258
 
Earlie, You will appreciate this. I went to a Bull-A-Thon from 3-8 pm on Wed Night. (Forced march). It was absolutely amazing. Dow 100,000 within 20 years. Dividends fix everything in the market, from corporate malfeasance to the lack of eps. Dubya walks on water. There was only one controversy: which stocks to buy, value or growth. Growth is amazing in the economy and there is a disconnect with the low valuation of stocks. Fortunately, they did not provide any fake numbers for that last one. If you aren't buying stock, you are a loser.

I can't believe that the full service brokerage industry hands Chuckie Schwab so many layups for his tv ads. True, Chuckie does even worse things, but nobody points them out. Well, except for fleeing clients. <g>

Of course, the most important factor with clients was that we ran out of food before most of them arrived. Now that is class with a double ass. <g>



To: Earlie who wrote (215245)1/17/2003 9:44:59 AM
From: reaper  Read Replies (1) | Respond to of 436258
 
<<borrowing and spending until corporate spending kicks in>>

Earlie, corporate spending is kicking in. in CHINA. witness today's trade deficit numbers. excess capacity is here to stay (which i know you know)

Cheers