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


To: Jim Willie CB who wrote (8129)2/14/2004 1:44:10 PM
From: BEEF JERKEY  Read Replies (1) | Respond to of 110194
 
It could be that "globalization" just inevitably brings about a lower standard of living to the first world.

Conventional wisdom is that protectionism is a worse choice.



To: Jim Willie CB who wrote (8129)2/14/2004 5:10:09 PM
From: ItsAllCyclical  Read Replies (1) | Respond to of 110194
 
>> CNN GETS IT, LED BY LOU DOBBS << (edit)

I agree, but the contrarian in me doesn't like to see the story see so much air time on such a major network. Makes me feel like maybe there is some flaw or something we're overlooking that'll allow Greenspan a way out or at least another 1-3 year delay. Maybe we can expect more of a coordinated effort to lift the Dollar to crush as many Dollar bears as possible now that they are so few Dollar bulls. It's not what Bush and Co. appear to want, but the market likes to make fools of as many people as possible. Given how much buying Japan did last year I don't see it being possible at this point, but a healthy amount of self-doubt is always wise when considering one's plan.

On the flip side the jobs issue is still a non-event to Greenspan and Bush is trying to sell the positive aspects. Quite a bit of denial from the major players.

What do you see as the best case scenario for Greenspan and the economy? Regardless of odds, do you see a potential way out for the US economy here (ST and LT)?

FWIW, I'm currently 30% golds here, 15% short and the rest cash so that should tell you where I stand. I'll be higher in the PM's soon after this next dip. I expect to do more buying next week.