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

To: yard_man who wrote (4435)	12/5/2003 4:47:30 PM
From: Jim Willie CB	Read Replies (4) \| Respond to of 108660

exactly, almost every single US security whether stock equity share or debt instrument is founded upon debt the entire US Economy is an enormous debt structure which will experience a massive debt writedown it started with the euro appreciation clown economists and pundits fail to realize that relative to the European Union, the entire US economy's wealth barely kept pace on valuations with the EURO currency maybe Naz rose more, but that will be remedied quickly in the current dangerous phase#2, the entire US Economy's wealth will actually drop nominally, and in addition, decline sharply against the ASIAN currencies, led by the JYEN and CYUAN that is precisely how and why longterm interest rates will rise Asians will be sellers of TBonds generally GOLD WILL BENEFIT FROM THE FLIGHT OUT OF BONDS especially when corporate profits flatten and stocks look less attractive (from earnings, from higher rates, from Fed model valuation dont forget that the entire US Corporate debt structure has set itself up for a severe whacking from interest swaps they have swapped contractually their longterm rate obligations for high-grade (Genl Electric-like) lower shorterm rates as ST rates climb next year, they will get whacked gonna be wild & woolly / jim