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To: Chispas who wrote (96465)11/28/2003 5:03:19 PM
From: Chispas  Read Replies (1) | Respond to of 116752
 
"Markets in America were closed yesterday. Offices too.

So, there were no cheery headlines to brighten up today's
news. No revisions of GDP or inflation levels...no new
figures on housing starts or consumer confidence.

Investors must have fidgeted all day - hoping for some
reassurance that the miracle economy was, indeed, still
miraculous...and not a fraud.

The miracle is that you can recover from too much spending
by spending more...that you can cure a debt problem by
borrowing more...that a consumer economy can grow forever
without ever having to concern itself about where consumers
get the money to spend...and that foreigners will go on
lending forever without ever worrying about getting their
money back.

It would be easier to walk on water...or turn water into
wine.

But the lumps aren't worried about it. And neither are we.

Let the miracle continue!...."

dailyreckoning.com