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To: Baton who wrote (64)	2/18/2004 6:33:14 PM
From: Condor	Respond to of 1338

BWTFDIK? Congrats. That's what makes you a very successful speculator. 99 % of the world think they do know. IMO Wm's dead on. Play the trend and don't think. :o) Cheers C

To: Baton who wrote (64)	2/18/2004 7:14:05 PM
From: Threshold	Respond to of 1338

I don't know. The more I read the more opinions I collect. Just trying to keep up on some of the contrarians to balance all the hype. Roach is also thinking in line with Faber and Fleck.

To: Baton who wrote (64)	2/18/2004 7:37:05 PM
From: xcr600	Read Replies (1) \| Respond to of 1338

and then there is this.. White House backpedaling on prediction of 2.6 million new jobs By Ken Moritsugu Knight Ridder Newspapers WASHINGTON - The White House on Wednesday struggled to get its economic message straight and shied away from its prediction last week that the U.S. economy would add 2.6 million jobs this year. In a testy exchange with reporters, White House spokesman Scott McClellan refused to say whether the administration still stood behind the projection, which was made in the annual Economic Report of the President and submitted to Congress with President Bush's signature. "People can debate the numbers all they want, but the president's going to be looking at the actual numbers of jobs being created," McClellan said. Many economic forecasters scoffed at the administration's projection, generated by the president's Council of Economic Advisers, as overly optimistic. The prediction could be politically embarrassing if the job market remains sluggish at the time of the November election. The administration's handling of the issue could also fuel Democratic criticism that Bush doesn't care about the unemployed. Democratic presidential front-runner John Kerry, the Massachusetts senator, jumped on the latest statements. "George Bush is saying he's going to create 2.6 million jobs this year alone, and his advisers are saying, `What, you didn't actually believe that, did you?''' Kerry said at a town hall meeting in Dayton, Ohio. "Apparently George Bush is the only person left in the country who actually believes the far-fetched promises he's peddling." Bush wants to sound upbeat about the economy as he seeks re-election, but he risks sounding out of touch with the unemployed. Democrats are quick to point out that the economy has lost 2.2 million jobs since he took office. "The White House is caught in trying to maintain an optimistic outlook when things are not necessarily peachy for everyone in the country," said Nathan Gonzales, the political editor of the Rothenberg Political Report, a Washington-based newsletter. The retreat from the jobs prediction reflects how touchy and important the issue is to Bush's re-election prospects, said Bruce Buchanan, a presidential scholar at the University of Texas. "It signals some confusion about how to be portraying this sensitive issue," he said. "They're still sorting it out." Reporters asked Treasury Secretary John Snow on Tuesday about the 2.6 million job projection during his trip to Oregon and Washington state to promote the administration's job-creation efforts. "I think we are going to create a lot of jobs. How many I don't know, but we're going to keep working on it," Snow said. Gregory Mankiw, the chairman of the president's Council Of Economic Advisers, didn't help Bush's case when he said last week that jobs moving offshore "is probably a plus for the economy in the long run." Many workers blame offshoring for the loss of American jobs. Bush distanced himself from Mankiw's remarks last week, and Mankiw on Tuesday called them "injudiciously worded comments." "I learned an important lesson from that experience: Economists and noneconomists speak very different languages," he said in a speech to economists. "The two languages share many words in common, but they are often interpreted in different ways." Posted on Wed, Feb. 18, 2004