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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: whitepine who wrote (20432)10/9/2003 9:01:56 AM
From: CommanderCricket  Read Replies (2) | Respond to of 23153
 
WP,

I don't see how California can pull out of this mess. Taxes are already way too high and the masses just voted they weren't going to take anymore (registration fees).

Considering 3/4 quarters of the California budget is off limits to cuts, how can the budget be cut further to meet the $10 - $12 billion deficit? From heathcare and/or the prisons?

Anyone know the S&P's ratings on California's debt? If California can't pay it's debt, then the rest of us are in deep trouble.

Michael



To: whitepine who wrote (20432)10/9/2003 1:24:59 PM
From: energyplay  Read Replies (1) | Respond to of 23153
 
Dollar sinking -

1) Metal stocks - Nickel INCO (NYSE: N), Copper Phelps Dodge(NYSE:PD) and others. Charts have been very nice.
Also large miners like BHP (NYSE:BHP)
This is the best way to play the lower dollar AND worldwide growth I know.

2) I have bought(and sold) country funds for Brazil, China, and Japan.

Japan recovery bet - I have MJFOX (mutual fund) and may buy Fidelity Japan Small Cap.

3) Some of the TIPS bond funds may provide a degree of protection.

4) Big US exporters, like the Drug companies may be a good hedge.



To: whitepine who wrote (20432)10/13/2003 4:06:05 PM
From: Sweet Ol  Read Replies (1) | Respond to of 23153
 
I have put some money in the T Rowe Price International Bond fund as a hedge against the dollar dropping. So far it has worked very well.

Best to all,

JRH