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


To: Mannie who wrote (464)1/29/2003 10:30:28 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 1210
 
Hutton is righton... dire signals now out there
all this bullshit about multinational firms benefiting from lower dollar is just that, bullshit
foreign economies will be weaker, thus little demand
furthermore, as we are seeing today, multinationals with retail exposure are in danger from basic foreign boycott or vandalism or abject terrorist acts
e.g. MacDonalds, Philip Morris, CocaCola
they were at 10am the lowest droopers today
next are Gillette, Microsoft, etc

Bushy inspired nothing out of me last night in the Bad State of the Union message
he has the right emphasis but wrong gauntlet
put money in people's hands first by taxing less
he cited the need for jobs, but no clue as to how they are created
second by creating an environment for expanding capex
he missed the second item, glaringly

the states are in deep shit now, fiscally
some big layoffs will come soon from local and state govts

Bushy again offered zero Iraqi evidence that we have been secretly holding, often spoken about, and still after 2-3 months have yet to reveal
Europeans think we are full of shit on the Iraqi evidence

the legal tort reform sounds good
but what if your left kidney was removed, and not the diseased right kidney
the govt allows you a mere $250k in compensation from the surgeon knife's malpractice insurance carrier
is this a good thing for our society?

just heard that Pennsylvania had 12 malpractice insurance carriers last year
now PA has two !!!!!!
one of my 2003 Predictions is for insurance to shut down numerous doctor clinics
it is moving right along

the markets still price in a quick resolution in Iraqi conflict for the crude oil markets
I think crude oil will hit $50 this year temporarily

I am watching the major old wireline telecoms
they are getting the shit kicked out of them
10 days ago, we heard rumors of telecom catastrophe
we might see continued destruction here
I missed that on my 2003 Predictions article

a good quote on CNBC:
"any not confused here doesnt know what is going on"
pretty funny, but that applies to the mainstream
NOT TO GOLD ENTHUSIASTS, SINCE THIS ALL MAKES PERFECT SENSE
the financial system based on debt and phoney money is failing

the KWinter is proceeding on course
earnings estimates are coming down steadily
debt liquidations are increasing
getting uglier by the week out there
/ jim

p.s. I could eat Martha MacCallum with a spoon (or without)
and ditto on that Musimeci auburn babe