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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: glenn_a who wrote (7636)2/11/2004 11:20:22 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 110194
 
US Economists stubbornly insist on attempting to re-invent economic theory through debt explosion, attack on savings, distortion in statistics, coercion of central banks, and constant intervention

in 2-3 years, some really really bad things will happen
they will not be a surprise to gold followers

our own Mr Magoo cannot seem to comprehend the job leakage
it shows lack of real economy participation
and a response from businesses to his reflation, which has increased production costs
his main theme of "EVENTUAL JOB HIRING" seems to need a theme song
how about the hit tune BLIND FAITH from the 1970 time frame ???

Greenspasm shows some wisdom in proclaiming "LITTLE COMFORT" in the unanimous positive views among forecasters
he still cannot identify the horrific inflation in his midst
he correctly sees no reduction in federal budget deficits in the future
he even warns of shorterm interest rate threats from deficits !!!
he warns further that trade gaps add to the threats

he actually speaks about foreign investors and their potential unwillingness to finance our economy
he cites protectionism as the biggest undermine force as to the finance flexibility for our debts

/ jim