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


To: lurqer who wrote (16154)4/1/2003 12:58:13 PM
From: Jim Willie CB  Respond to of 89467
 
all pieces are in place for Mother of All Stagflations
govt action will prevent illiquidity from causing depressions
instead, nasty stagnation is the best case scenario
prolonged recession is most likely
price inflation comes from averting the lengthy deep recession

PPTeamwork will be fast & furious in the coming year
plenty of boogeymen blame targets like Iraq
soon though, I expect blame targets to be the entire Arab world
they will surely come back with a strong heated emotional response
my guess is it will focus on financial boycotting
eventually that boycott goes to a dollar shun

think of a swimming treading water
PPT activity will keep the legs underwater racing away
actually, the legs will become mechanized and race at 3x the humanly possible speed
but above the water's surface, the swimmer will struggle to remain breathing with a visible head
Austrians are watching in horror, having warned us

THE MOTHER OF ALL STAGFLATIONS is coming
the war only ensures several characteristics
I wont go into why for each, but they pertain to heavier federal deficits, intl response with dollar, looser Congressional reins on spending and monetary laxity, slower consumer spending from CNN Effect, etc

- recession will be deeper
- inflation will be higher
- recession will occur more quickly
- dollar's death will be more certain
- blame targets will be more easily identified
- hatred and shame of country will be more prevalent
- more radical US leadership will be with us soon

/ jim



To: lurqer who wrote (16154)4/1/2003 1:42:38 PM
From: crdesign  Read Replies (1) | Respond to of 89467
 
"we all get to go down together."

You just may be the shadow of JW but Billy Joel you're not.

He lyrically said it better:

'Yes we WILL ALL go down together!....'

Tim



To: lurqer who wrote (16154)4/1/2003 1:43:48 PM
From: Jim Willie CB  Respond to of 89467
 
Eric Frye on gold bottoming here

- Maybe gold is a barbarous relic after all. Or maybe the
mega-rally that gold bugs dream about is just a bit slow to
get under way. We have no idea, of course, but the
McClellan Market Report declares, "We expect a major (we
mean major) bottom in gold prices next week." McClellan
bases its observations on a proprietary technical analysis
with a pretty good track record.
Past performance does not
guarantee future results, of course. But we thought we'd
pass along the information just the same. Besides, we're
inclined to believe that gold is better bought than sold at
current prices.

- "One way to look at the recent pullbacks is that it is
merely a 'refueling' phase before the next Gold price
push," says Victor Hugo of Hugo Capital. "The rocket
beneath the Gold price will be lit when the realization
spreads that the U.S. is in a debt hole and won't grow out
of it quickly
...The U.S. Federal Reserve cannot continue to
print trustworthy money whenever it needs to, whether in
the form of uncontrolled government spending and trade
deficits or otherwise."