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

To: lurqer who wrote (14024)	3/6/2003 2:42:45 PM
From: Jim Willie CB	Respond to of 89467

EuroCB rate cut is inching down, not enough to matter the US$ - Euro differential still favors more dollar declines Duisenberg is a total idiot Duouchesbag he still fears price inflationary threats so deflation will cut his nuts off besides, Arabs are recycling their PetroDollars into Euros interest rates matter little for this monstrous flow as for jobless figures, nasty bad moving averages are still above 400,000 weekly attributing it to harsh weather is nonsense crappola they seasonalize, dont they? do how can season work against, when they control the seasonality apparatus? nonsense crappola when the weather improves, the jobs picture brightens? HARDLY I focus on first-time claims, not ongoing claims the ongoing claims is distorted by people dropping out of the system after their insurance runs dry and they become dispirited wait until the Q1 and Q2 corp earnings crater from higher energy costs filtering thru their entire cost structure then layoffs will accelerate I have gotten it righton with the labor market for months no error there plenty of lousy expectations shared here much confirmation it will get worse an old saying among Austrian School economists "if it can go wrong during K-Winter, it will go wrong" it is amazing that no mention of the SuperCycle or K-Winter is given in the press & media they expect an economic recovery and we will get a recession instead UTTER DELUSION CONTINUES / jim