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

To: abuelita who wrote (18892)	5/7/2003 4:17:42 PM
From: Jim Willie CB	Respond to of 89467

Cisco is bellwether, and other major techs follow its lead Chambers offered very lukewarm water for analyst finger bowls and how much of their earnings is sales from older written down products stuffed into previous years reports ??? so where is this expected economic recovery ??? find a single signal that points to renewed growth ??? you cannot find one confidence is up, big deal durable goods were up, I dont believe the number REFI's are still brisk, so consumers are not dead... yet when REFI's end, real estate will be heading down then we begin Phase 2 of the New Paradigm Recession led by real estate Phase 2 is to be much more painful, undeniable, and clear its chief world characteristic will be that it will center on English-speaking nations i.e. USA, England, Canada (these are where Structured Finance abused the most) watch Washington DC and Congress fight and fight then they will water down the bill Democrats will do their best to undermine and water down critical components of the stimulus bill without giving away their motives of sabotage in this respect they are traitors to their nation they want to see the economy recover, but not too soon !!! I am convinced that Congress and the FedGovt will not stop fighting until the economy is in terrible shape not until we have become a 2nd Rate Nation one with an enormously powerful military the contrast of a mighty military force and horrendously weakened financial condition is stark (actually this contrast points to enormous intl danger) techs have gained the most in this charade rally so they will certainly give up the most next the greatest forward indicator is the USDollar it is sucking wind it is stinking on ice it is falling on its fat face it is shunned by world trading centers Chris Temple put it well, echoing my recent scribbles "A weaker U.S. dollar... which in the end will do more harm than good, no matter how much you hear about how wonderful it will be for some multinationals who might temporarily be able to export more... will ultimately be inflationary. It could cause financial turmoil world-wide. That will be a bonus for gold, on top of the many reasons already existing." I honestly believe that in two years, only one nation's economy will be suffering badly from price inflation THE UNITED STATES, all alone (such is the price of reversing the world currency abuse) / jim