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

To: mt_mike who wrote (16580)	4/7/2003 10:13:50 AM
From: Mannie	Read Replies (2) \| Respond to of 89467

After the intoxicated partying, comes the hangover of reality. I wouldn't discount those moves into Syria and Iran, either...

To: mt_mike who wrote (16580)	4/7/2003 12:20:29 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

Ramirez economist gave very accurate read on economy, CNBC relief rally with stocks underway clearly investors are attempting to put the war behind them but poor prospects across the board e.g. economic growth, job growth, spending generally qtrly earnings should stink but accounting quality has improved, as have corporate balance sheets, as they have paid down their debts (I dont see this one iota... acctg is still full of bullshit proforma nonsense which investors gobble up... EPS is typically stated versus steadily downgraded expectations... balance sheets still look horrendous, with the largest and oldest US firms in absolutely dreadful shape with both debt levels and pension obligations) she expects Q2 GDP growth of 2%, since lean inventories (sorry, but JustInTime Inventory Mgmt has muted this statistic for 5 years, now irrelevant and a common deceptive device in forecasting rising growth) interest rates are at the bottom lowering rates further by the Fed would be useless in fact, it would be damaging, since so much interest income has been unavailable with lower rates for two years now (hats off for mentioning this... only Roach has made this point... twice as much interest income as interest paid out on loans & mortgages) back to reality here now we must focus on earnings and economic prospects both of which stink like ample shit on frozen ice only a lower crude oil price will help this economy but this wont last for long imho, since war will look less rosey when the guerrilla fighting picks up, whether inside Iraq or outside / jim