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

To: Crimson Ghost who wrote (19512)	5/23/2003 9:30:36 AM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

vicious rumor: a seller of 75 million shares of MSFT couldnt happen to a more deserving bunch of thieves some talk it might be Paul Allen, former #2 man thanks, Millard the bond bubble is 5x bigger than the 2000 stock bubble it now has spread its wide billowing fat ass to mortgage finance and FannyMae corporate bonds and junk bonds are very much reality based not govt or agencies !!! all thru the 1990's the USA exported price inflation USA printed money to pay for trade deficits and federal debts the buyers more often than not were from Japan and Asia but all thru the early 2000 period, Japan is exporting its 1% bond bubble their JagBonds have been stuck at 1% for years so they buy up our US Debt Machine output they really have nowhere else to go I fully expect our combined Twin Towers (federal + trade) deficits to overwhelm the Asian capability to finance that debt and our interest rates will rise, as the deeply declining dollar wreaks havoc with price inflation on imported goods one thing is for sure... departure from the Bretton Woods gold-backed currency Accord has led to the ruin of the world economy there is no fix there is no turning back the aftermath is just plain ugly fat imbalances that dont resolve, and continue to produce stagnation but it will produce some shock waves I think we will have some strange things in real estate like a huge oversupply of unsold houses at exorbitant prices that just sit there until a moron pays up with easy financing but the Greg Weldon model sticks in my mind: a solid 15% price drop in RE followed by 3-5 years of giving off GASSSSSSSSSSSSSSSSSSSSs / jim