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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Silver Super Bull who wrote (819)	9/18/2003 1:03:41 PM
From: russwinter	Respond to of 110194

<Goldman added that the timing of a spending recovery is being 'pushed out' beyond the near-term horizon."> This pushing out mantra is absurd. If they can't get a good bounce out of the kind of egregious money printing, and credit excess going on now, they never will. I'll bet 2004, is DOWN 3.9%, not up 3.9%. They made the same projections for 2001, in late 2000, in case anybody forgets?

To: Silver Super Bull who wrote (819)	9/18/2003 1:08:05 PM
From: russwinter	Respond to of 110194

Stagflation pure and simple. BTW, I've entered and put out three posts on a board devoted to short seliing ideas, if anyone here wants to join in. financialsense.com :11PM Economic Review - Philly Fed Index : The September Philly Fed Index fell 7.5 points to 14.6, amid expectations for a level of 17. The detail isn't nearly so bad, as the new orders component rose to 19.3 -- the highest level in almost four years. However, both prices paid (22.5 in August vs 16.0 in July) and prices received (4.8 in august vs 1.1 in July) jumped higher, as shipments slipped to 13.2 from 16.3 but will follow orders higher over the longer-term. Treasuries are at their lows following the release of the Index, as the inflation components of this report (prices paid and prices received) confirm some of the fears among traders about increasing inflationary pressures in the pipeline. Ten-year Treasury note presently down 19/32nd's in price, to yield a hair over 4.25%.