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

To: Wyätt Gwyön who wrote (603)	2/5/2003 10:33:08 AM
From: pogbull	Read Replies (1) \| Respond to of 1210

prudentbear.com

To: Wyätt Gwyön who wrote (603)	2/5/2003 10:44:49 AM
From: Jim Willie CB	Read Replies (2) \| Respond to of 1210

last paragraph refers to the Argentine outcome being likely you you go, Mr Honey Gatherer said the Jackass to the Bear Nolan: The inescapable consequences of the U.S. Credit Bubble Dilemma include only more Credit and speculative excess, heightened financial fragility, deeper economic maladjustment and impairment, and a further debasement of our currency. Considering what we have and continue to observe, I do not feel it is at all outrageous to assert that our system has set a perilous course toward the collapse of the world’s reserve currency. This is the harsh reality that we should recognize as a nation as we contemplate Post-Bubble America. And no amount of inflation will change the facts of economic life. There are no available shortcuts but many risky gimmicks to prolong the Bubble, hence only making the inevitable day of reckoning all the more painful and Balkanizing. There is nowadays only louder call for stimulating and “reflating,” but there is absolutely no discussion of the consequences. There is so much a stake. It is our view that the longer we travel down this dangerous course the more rapidly the Post-Bubble America pendulum swings away from a Japanese scenario in the direction of Argentina.