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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?


To: SOROS who wrote (588)5/1/2003 10:17:23 AM
From: Jim Willie CB  Read Replies (1) | Respond to of 4912
 
4-wk avg of continuing jobless claims at 440,000 (huge)
this is frightening
I remember over a year ago when anything over 400k would scare the bejesus out of investors
are we getting acclimated to recessionary data?
methinks yes

capex remains extinct
hack economists still speak of 2ndHalf Recovery
what if our calendar year began in June?

we are stuck in the Japan Liquidity Trap
we are using Weimar Republic 1920's methods to emerge from the snare
we risk the shock waves seen in Argentina, FOR SURE
I see foreign flight occurring very soon, if not already

we compare very poorly to Japan, which muddles along endlessly
I doubt we will muddle much longer
airpockets, illiquidity, MZM decline, spotty price inflation

321gold.com

/ jim



To: SOROS who wrote (588)5/1/2003 2:28:12 PM
From: LLCF  Respond to of 4912
 
Message 18903543

DAK