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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (49329)	5/2/2004 10:15:09 PM
From: BubbaFred	Respond to of 74559

Buffett Joins Kerry Campaign as Economic Advisor By Philip Klein OMAHA, Neb. (Reuters) - Warren Buffett (news - web sites), the world's second wealthiest person, said on Sunday he had joined Democratic presidential candidate John Kerry (news - web sites)'s economic advisory team. Buffett has long been a critic of the tax policies of the Bush administration, which he believes favor the wealthy and big corporations over the middle class. "I'm available if anyone wants to ask my view of anything," Buffett said of his involvement with Kerry at a news conference in Omaha, Nebraska, a day after the annual meeting of his Berkshire Hathaway Inc. . Buffett said Kerry had asked him three weeks ago if he would be part of an economic advisory council that includes Robert Rubin, who was Treasury Secretary in the Clinton administration. Buffett said he had accepted. Buffett, whose net worth is estimated by Forbes at $42.9 billion, said he was not likely to have much contact with Kerry and expected to play a limited role. He said that he believed the election would be more about Bush than about Kerry. "I personally think our election will be a referendum on George W. Bush," Buffett said. "The Kerry campaign is much less important than how people feel about Bush." Buffett's support of Kerry is the second time in the past year he has entered the political fray. Though a Democrat, Buffett was an economic advisor to Arnold Schwarzenegger (news - web sites), a Republican, in his successful bid to become governor of California story.news.yahoo.com

To: Raymond Duray who wrote (49329)	5/3/2004 7:32:51 AM
From: tom pope	Respond to of 74559

I see your point Ray about SI management's concern. It seems to me tho that too much water has flowed under the bridge to reverse it now. I admit that when I first discovered this thread, my reaction was of the "what the hell is this?!" variety. But then I became addicted (not that I read ALL the posts, does any one?)

To: Raymond Duray who wrote (49329)	5/3/2004 7:45:43 AM
From: Maurice Winn	Respond to of 74559

Ray, on political versus investment discussions, I agree that as an investor, the finer points of GAAP vs Pro Forma and discount rate overlaid by stochastic variable analysis of cup and handle formations in MacD zero-sum trading patterns are trivial compared with the big-time macro political effects being played out around the world. If China nukes Taiwan and the USA blockades China while taking revenge against 500 million Moslems in the event of a smuggled 6 noocular bomb attack against USA cities and a 200 metre bolide splashes down in the Pacific causing a cascading derivatives collapse, there would be a significant effect on the Nasdaq. It could drop 10% or even more. Since the linchpin of what happens is USA political decisions, it's reasonable to consider party political issues significant investment topics. Even bolides are amenable to USA political decisions as the USA has the wherewithal to direct space resources to incoming missile shields where it matters, which is against Hale Bopp and pals. Earth-launched missiles are best handled by sensible political activity, such as promoting a reconstituted United Nations so places like North Korea, Iran, Iraq and Israel, among others, don't feel threatened and don't feel the need to arm themselves to the teeth then pre-emptively attack [using the USA principle of hit first]. I was surprised to see SI Amin polluting this stream with off-topic requests to move politics to a political stream. We'll run this place how we like and if they send in some "civilian contractors", to arrest recalcitrant ranters, we'll get Jay to demonstrate his cyberspace fire-power on them. The Great Financial Collapse of 2001 [snicker] aka Booms Busts and Recoveries, is a geopolitical macro-economic analytical discussion where Dolinar's character, your infantile foul language, my amazing perspicacity, Jay's scuba escape route planning and literary dreams, ElM's lack of education, ACF's wisdom, Yiwu's racist and anti-American MADness [she'll be in prison as an enemy alien if China attacks Taiwan - they are great on human rights at Guantanamo Bay Yiwu, so you'll be fine], and the whole weirdo cast are all grist for the mill. Mqurice