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

To: mishedlo who wrote (5281)	4/29/2004 5:18:22 PM
From: yard_man	Respond to of 116555

>>GDP today was 4.2. With all the mammoth gov't spending, housing boom, retail sales, hedonic adjustments, etc is that the best we could do?<< It's abysmal -- but GDP is total BS anyway -- that alone should've taken the dollar down a couple or three pts. The real economy (ex war spending) ISN'T growing -- look at it in terms of real $s and it is contracting pretty fast -- the rest is hocus pocus.

To: mishedlo who wrote (5281)	4/29/2004 5:55:38 PM
From: loantech	Read Replies (1) \| Respond to of 116555

Mish great post. Only one request get the gold rally going.<g>

To: mishedlo who wrote (5281)	4/29/2004 5:59:56 PM
From: CalculatedRisk	Respond to of 116555

Speaking of the Wizard of Oz: Was the Classic Story a Political Commentary? rasmussenreports.com Election 1896 Presidential Ballot McKinley 51.0% Bryan 46.7% Other 2.3% March 23, 2004--The 1896 election had two lasting impacts on American life. First, it launched an era of Republican dominance that enabled the GOP to occupy the White House for 28 out of the next 36 years. The second impact was that it may have inspired “The Wizard of Oz,” a classic American tale that became an annual staple of prime time television in the pre-Cable, pre-Internet era. In 1896, William McKinley was the Republican candidate who many saw as a puppet of Ohio party boss Mark Hanna. McKinley didn’t campaign around the country as was traditional at the time. He stayed at home and issued pronouncements that were carried far and wide by the press and Republican political hacks. In the imagery of the Wizard of Oz, McKinley became the Wizard himself—a leader that no one had really seen and who issued scary commands from behind a curtain. The Cowardly Lion was a caricature of the Democratic candidate—William Jennings Bryan—and a commentary on his foreign policy views. The reference may have been tied to Bryan's opposition to the Spanish-American War (Bryan's anti-Imperialism became a major issue in his election 1900 rematch with McKinley). The Tin Man and Scarecrow are said to reflect what the author saw as the “natural alliance” between farmers and factory workers. In reality, populist farm communities found it more difficult than expected to form alliances with the new manufacturing class of workers. Dorothy represented the natural goodness in all of us. The Wicked Witch of the East was a reference to Mortgage Bankers who were widely hated in an era of economic turmoil and frequent foreclosures. That’s why this particular witch was killed when a house fell on her. <more>

To: mishedlo who wrote (5281)	4/30/2004 12:18:27 AM
From: gregor_us	Read Replies (2) \| Respond to of 116555

Re: SoapBox. Throughout 2000/2001/2002, I watched the USD ...Index overnight and pretty reliably it came to predict how the US indexes would perform the following day. DXY downdrafts predicted well, US stock selloffs. Aer you wondering if we're returning, to such a relationship? The Textbook says the following to every European Manager or non-US money manager who plays by the rules: Lighten up on US stocks in the face of an uncertain interest rate environment.