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To: ~digs who wrote (17385)1/21/2004 12:03:28 PM
From: Bucky Katt  Read Replies (1) | Respond to of 48461
 
Protege, I agree, anyone with a brain pays no attention to what they say, because it never seems to sync up with what they do...

Bottom line, nothing is intrinsically added to the economy, except promises...

They just keep adding money into the system to keep
the scheme going a bit longer, to the next election usually..

This year may end up a Zzzzzz, maybe not,
but 2005 should be a downer...
A 'Force majeure' most likely..

But so far in 2004, rat stocks have returned big $dough,
so I could quit right here for the rest of 2004
and not worry 'bout a damn thing..



To: ~digs who wrote (17385)1/21/2004 2:30:01 PM
From: Bucky Katt  Read Replies (5) | Respond to of 48461
 
Indexes are green green green, this is a good example of the money addition I was talking about...

Most times they push it out with Fannie & Freddie, and other times all they need do is have their 'friends' on Wall Street hit up the index futures at the right time, and blamo, instant rally out of no-where...



To: ~digs who wrote (17385)1/22/2004 11:23:05 AM
From: Bucky Katt  Respond to of 48461
 
Protege, Snow speaks, and the markets sell off....Again



To: ~digs who wrote (17385)1/26/2004 6:04:02 PM
From: Bucky Katt  Read Replies (1) | Respond to of 48461
 
Protege, Uncle Alan spoke today and the market rallied. I think he is dreaming>>

The markets got a late-day boost from Greenspan, who told an economic conference in London he was confident that jobs lost during the recent recession could be replaced. He also warned U.S. policy-makers against putting up protectionist trade barriers, saying it could be bad for the global economy.

"I think Mr. Greenspan has given us some hope," said Peter Cardillo, president and chief strategist of Global Partner Securities Inc. "He's confident there will be creation of new jobs and that was what the market wanted to hear."


Yep, key word, wanted to hear....

The reality is $8-$25 an hour manufacturing jobs here in the US are being outsourced to Mexico for 1.25 an hour,
and to China for .24 an hour, and on top of that no
social security (fica) match, no health care expense to worry about, etc etc...

These jobs ain't coming back..

Good for profits in short term, but when the music stops...

Anyway, as I have said more than once the past few months,
you can't fight the FED...