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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (100008)	12/3/2003 1:40:32 PM
From: Tommaso	Respond to of 132070

It sure is easier to get used to making money than it is to losing money. I guess that's true of other things as well. Sure wish we had a level money supply, a stable dollar, and a government guaranteed six percent return on savings. Back in 1971-73 I was quite content to watch my tax-deferred savings accumulate in a fixed account that paid 7.25% and just wait for the stock market to finish crashing. And when it did, I made about 65% in six months. Now we have a Fed that not only won't take the punch bowl away--it turns on the laughing gas.

To: Knighty Tin who wrote (100008)	12/6/2003 1:24:02 PM
From: Pogeu Mahone	Read Replies (1) \| Respond to of 132070

Nice day here outside of boston.. so far 12 inches of snow and THE storm should be arriving sometime later this afternoon:.) my acheing back:)

To: Knighty Tin who wrote (100008)	12/6/2003 6:00:01 PM
From: Pogeu Mahone	Respond to of 132070

back to the great outdoors:) weather report: it will still be snowing at game time:4:15 pm sunday miami should love that!

To: Knighty Tin who wrote (100008)	12/7/2003 4:40:28 PM
From: Joan Osland Graffius	Read Replies (2) \| Respond to of 132070

Some observations today - trying to listen to what they do not what they say as well as what the markets are telling us. Our great and glorious federal reserve banker is telling us the GDP of the US has zero growth. Monetary policy dictates the over night lending rates at 1% over GDP growth. They are managing their monetary policy as if we are in a worse environment than the 1930's. The US dollar continues to get sold. Someone(s) are bailing out the dollar - the message IMO is there are better alternative currencies for conducting business. The FA of our stock market paper assets are again off the map. Sure prices can and infact have to go higher as the US dollar declines. If the prices do not go up as the US dollar declines foreigners will be out of here big time. Don Coxe came back from Europe and said the players there are currency hedging their purchases of paper assets which tells me they have lost trust in the US dollar. Has or is the US dollar lost/losing its reserve currency status - IMO, the market is telling us this could be happening. I think Snow's strong dollar policy statement last week was an effort to keep the sheep in line until we get through the presidential election. If they can not stop this rout in the US dollar things will get messy.