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

To: Mac who wrote (5673)	12/30/2003 9:58:58 AM
From: Jim Willie CB	Read Replies (5) \| Respond to of 108556

amazing how clowns still maintain US$ decline is good for US corporations and our economy simply amazing what most economists and market pundits overlook is that the US Economy is predominantly a financial speculation entity, with the financial sector dominating, with asset inflation supporting most spending, with the real economy shrinking constantly, and the whole enchilada underpinned by massive debt $5 BILLION PER DAY OF FOREIGN MONEY IS NEEDED TO KEEP THINGS GOING for trade gap fill for federal deficit finance for mortgage supply currency traders are a very smart bunch they dont buy the nonsense about exporter advantage and multinational exchange rate benefits they point to low competitive interest rates and to yawning, not improving trade gaps and to expanding federal deficits the entire US economic system will continue to function ONLY IF foreign capital continues to flow in and be attracted to flow in the critical factors are all unfavorable and our crippled US$ currency will go a long long way down, far below what most believe is its equilibrium point currencies do that, and stay 20% below that figure for a good 2-3 years longer than experts anticipate SO THE USDOLLAR PLUNGES IN SLOW MOTION by summertime, the panic will have its seeds germinating maybe by autumn perhaps not until late in the 2004 year man oh man, economists and pundits have a lot to learn in the next 18 months when the monetary crisis unfolds / jim