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

To: Wyätt Gwyön who wrote (1977)	3/13/2004 8:34:53 PM
From: yard_man	Respond to of 116555

>>actually, what precipitated the huge move starting on March 5 was the pathetic payroll figures<< on causes, you may be right, it may be best to go with the simplest explanation: still it is bearish for stocks and the economy as a whole -- and it represents a bit of a change from the status quo -- push/pull currency deal with the Japanese.

To: Wyätt Gwyön who wrote (1977)	3/14/2004 1:54:38 PM
From: mishedlo	Respond to of 116555

"Alan Greenspan stoked an old debate when he warned a Congressional committee that future Social Security benefits would have to be cut to guard the federal budget's long-term health. Lost in the hullabaloo was the Federal Reserve Chairman's warning of a fiscal danger that dwarfs Social Security -- Medicare." "The concern is not so much about Social Security," Greenspan said. "The outlook for Medicare, however, is much more difficult to assess." read the rest here: cbs.marketwatch.com{4FF0F51F-CBB1-40AB-AFA3-E956E8A3BA5B}&siteid=mktw