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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (339)	2/20/2004 2:50:15 PM
From: yard_man	Read Replies (1) \| Respond to of 116555

I am beginning to think contrary is right -- maestro may be getting ready to bow out and leave the reigns to someone else. Just noticed that we have already attained the 50 dma on the buck

To: mishedlo who wrote (339)	2/20/2004 3:34:18 PM
From: Jim Willie CB	Respond to of 116555

yes, shortage of polite helpful WMT greeter types / jw

To: mishedlo who wrote (339)	2/20/2004 4:27:29 PM
From: patron_anejo_por_favor	Respond to of 116555

Yes, blame unemployment on the unemployed. What a self-righteous $hithead old Al Leeson-Law is!<NFG>

To: mishedlo who wrote (339)	2/20/2004 6:30:13 PM
From: CalculatedRisk	Read Replies (2) \| Respond to of 116555

mish, IMHO this speech will go down in history as a major turning point. Greenspan is right about many things in this speech, and then proceeds to draw the wrong conclusions. This reminds me of his famous speech in May 2000 when he said it appeared returns on the stock market would remain above historical mean because of the impact of the "new economy". That was the sell signal!

To: mishedlo who wrote (339)	2/21/2004 12:00:49 AM
From: FrozenZ	Read Replies (1) \| Respond to of 116555

Couldn't you hear it in Greenspan's voice? "Somebody, some entreprenuer, please, please, think of something and save our bacon like computers and the internet did in the late 80's and 90's." Don't you remember Reagan was running deficits like there was no tomorrow and lowering taxes and encouraging free global trade. As it happened Steve Jobs, Gates and a few others brought us out of the chasm. Now our only hope is another "hail Mary, Franco Harris" touchdown pass. What will it be? There are only a couple of things it could be. An anti-gravity machine would shake up the world and create a "new u.s. economy." More likely the only hope is some kind of fuel cell or other type of amazing energy machine that eliminates the need for oil. Someone discovers that and we have a "new economy" and we pull back from the brink once again. IMO that is what our friend Mr. Greenspan was pleading for in his call for entrepreneurship.