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

To: techguerrilla who wrote (12278)	1/29/2003 12:53:21 AM
From: abuelita	Respond to of 89467

j3- .... but saw the retort by the Governor of Washington. that's what i'm sorry i missed. i've got a lot of time for that man. as for bush and his cronies, i can't really articulate the aversion i feel, so let's not talk about it. did you get your shell yet? rose

To: techguerrilla who wrote (12278)	1/29/2003 11:29:29 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

I saw bits & pieces, not worth listening or watching you can get the Cliff Notes and read it in 3 minutes my main concern was market reaction: dollar dipped under 99 overnight Dow futures were down 75 pts Dow by 10am down over 100 pts TENyr TNote yield up 0.8 bpts so the stock selloff is not helping bonds I count now about 6-7 times this has happened since summer this means foreigners are selling our bonds in a big way the dollar selloff will become absolutely RELENTLESS eventually longbond rates will rise, as will mortgage rates then your home equity will slowly disappear the only way that the dollar decline can be stopped is with higher interest rates, both on shortend and longend this will erode real estate prices, which are in a colossal bubble which will translate into an ENDLESS RECESSION / jim