Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (518921)	1/3/2004 1:55:36 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 769670

Congratulations on the $7 Trillion debt and $500 Billion Deficit. I know it's what you wanted.

To: Lazarus_Long who wrote (518921)	1/3/2004 3:38:03 PM
From: American Spirit	Read Replies (1) \| Respond to of 769670

2004 may bring us a steep decline in the markets and a sharp hike in interest rates and inflation. So says my uncle who's an ex director of Chase Manhattan specializing in bonds and currency trading. The current rally he says is for suckers only, a musical chairs rally that may corrrect sharply a la Black Monday and leave few with safe harbors. Though he's a GOP supporter, he also says the Bush debt spending, the dollar's devaluation adn Greenspan's flood of cash is a recipe for a very bumpy ride. Because of this he predicts Bush may lose the election. The economy looks good now, but it's all window dressing and sugar frosting. The cake beneath is a souffle.

To: Lazarus_Long who wrote (518921)	1/3/2004 4:01:57 PM
From: Kenneth E. Phillipps	Read Replies (1) \| Respond to of 769670

Criteria to join the euro zone pose hurdle In order to adopt the common currency, the new EU member states have to fulfil the criteria set up in the Maastricht treaty: 1. The rate of inflation cannot exceed that of the euro zone’s three most stable countries by more than 1.5 percentage points. 2. Long-term interest rates can only be 2 percentage points higher than in those countries. 3.No exchange rate realignment for at least two years. 4.A government budget deficit of no more than 3 percent of gross domestic product. 5.National debt cannot be higher than 60 percent of gross domestic product.