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Strategies & Market Trends : Natural Resource Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Ruffian who wrote (3755)	11/26/2003 12:49:05 AM
From: Jim Willie CB	Respond to of 108745

only real growth I see is in debt levels and jobs heading to Asia it is possible that the USEconomy could continue to show signs of growth even as it implodes we pay far too much attention to GDP and productivity GDP is a doctored statistic, using goofy shit about self-paid rent to homeowners, self-paid credits for checking accounts, funny accounting for foreign subsidiaries providing component supply labor and value added services, and much more productivity numbers are "pure imports" and do nothing to add to jobs, only profits, and maybe a little capital equipment additions we have 12% unemployment now and people actually believe the recovery story in 2-3 quarters this will growth spurt will have dissipated it requires such massive monetary and fiscal stimulus that cannot be imagined CURRENT STIMULUS EXCEEDS ANYTHING EVER WITNESSED IN HUMAN HISTORY the Fed and the USGovt cannot continue the required stimulus to maintain check the money supply figures for signs of distress check the capital flows from Asia for more signs of distress check USDept Trez tax withholdings for clear evidence of no recovery this entire recovery is vapid the biggest curve ball you will ever see in economics not a single aggregate statistic can be defended as valid jobs data include 40-50 thousand "assumed" jobs each month THAT IS THE JOB GROWTH SEEN NOW, ALL ASSUMED FROM NEW BUSINESS CREATION ASSUMPTIONS the list of utter crappola goes on and on and on and on / jim