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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?


To: sea_urchin who wrote (18505)6/5/2003 2:25:39 AM
From: Jamey  Read Replies (1) | Respond to of 82345
 
Searle, Plenty of people disagree with you..... Plenty of people disagree with me...... I always believe the opposite of what the talking heads say on CNBC and MSNBC and listen to those who have been around a long time. We are on the same slide that the Japanese are because we are trying to tame the economy by doing the same thing they did.

If the USD was not continually manipulated I would not be so pessimistic but every negative or bad thing always corrects in the long run. That debt has to be flushed out of the system in the long run before companies can begin to have decent P/Es and balance sheets. The banks are in sorry shape. If they had to pay back their gold leases from the FED right now they would have a guaranteed meltdown. Nobody can find out just how much they are really carrying in derivitives.

All of these bear trap runs can not be sustained. We are in a secular "BEAR MARKET"

James