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

To: mishedlo who wrote (2464)	11/19/2003 10:49:15 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 110194

CALIF state bonds are junk status already by 2005, I expect default next year's deficit will be worse than this year all the wrong decisions so far a new governor only means a new guy to face political forces which are on automatic toward destruction let's see if he can pull off a major cutback in state burokracy and its heavy burden cost and let's see if he can encourage (coerce, cajole, coax, threaten) the Sacramento Numbnut Liberal economic morons to reduce spending that crew has to go down in history as some of the stupidest revenue forecasters, planners, and general economic thinkers to pass our way in decades of course, the Federal Reserve Board has a strong crew of candidates for Economic Morons they provide leadership states and corporations include legions of similar diminutive economic minds they are simultaneously attempting to re-invent the economics field upon a foundation of debt and a fiat capstone currency they are doomed / jim