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

To: russwinter who wrote (1036)	9/25/2003 2:13:55 PM
From: Jim Willie CB	Respond to of 110194

continued stupidity of economic thought people in USA have been polled on how to pay for the Iraqi War they want to keep the disastrous prescription drug bill payment system planned they want to roll back income tax cuts to upper income brackets so, let's continue spending money we dont have let's discourage the richer people from expanding business, investing in jobs thru capital investment more ASS-BACKWARD ECONOMIC thinking / jim

To: russwinter who wrote (1036)	9/25/2003 2:43:39 PM
From: Silver Super Bull	Read Replies (1) \| Respond to of 110194

Russ, My take after reading this is that Gross believes Greenspan won't raise rates...but Gross seems to imply that rates will increase nonetheless. Gross doesn't seem to address the central question, though...at what point will Greenspan have to raise rates if the market is hammering bond and note prices? Gross's pieces are certainly interesting reading. My favorite is the "Dow 5000" piece from Sept 2002. DB

To: russwinter who wrote (1036)	9/25/2003 2:53:55 PM
From: Jim Willie CB	Respond to of 110194

that Gov Tom Vilsack of Iowa is from my high school his handsome face has been splattered on CNBC all day one year ahead of me what the screen cannot show is that he is 6'7" tall when we went to movies during ages 7-10, he had to pay adult full fare it was hilarious to us, annoying to him he has a strong laudable position in favor of pressuring US drug mfrs to reduce prices or else face state purchases of Canadian drug products he has his ducks lined up well strong arguments, including $40 million annual savings he calls the "drug regulatory issue over quality" rightly a straw man that avoid the pricing issue he wondered aloud whether the drug industry is loading into the costs heavy advertising which saturates the media of course they are this issue will not go away it will explode onto the scene further as the backbreaking Prescription Medicare costs escalate I expect this cost to eventually become the singlemost crippling item on the US Federal budget in time, US will possibly purchase as much drugs as energy from Canada not really, but it could really increase significantly / jim