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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (34319)1/6/2004 9:01:48 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 89467
 
wow, Jes Black is one of the best currency editors, period

he hit on so many excellent points
conspicuos byproduct of rising commodity prices and soaring total debt
inflation risk falls of public radar screen as it focuses on debt service %age levels rather than high debt itself
spread of 10yr TNyield versus TIPS has doubled to 2.65% since 2002
increasing consumer demand via stimulus will only lead to higher trade gaps
Bank of Japan blew $200B in (IV=intravenous) intervention in 2003
they plan to blow $400B in 2004

therefore, the USDollar will continue in the destruction process

got a new article heading out very shortly, like days
"The Broken Cycle" in three parts
#1 Outsourcing Leakage
#2 Spinning Credit Gears
#3 Breaking the Bond Dam

thanks, jim