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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (26658)	2/17/2005 3:01:35 PM
From: ild	Read Replies (1) \| Respond to of 110194

Kasriel: Fed Sees As Strong Or Stronger Economic Growth In 2005 northerntrust.com Who can forget Greenspan’s endorsement of the 2001 tax cut on the grounds that we would soon run out of government debt to retire if we did not reduce the federal budget surpluses? Those surpluses were, for the most part, the result of surpluses being generated by the Social Security administration.

To: mishedlo who wrote (26658)	2/18/2005 12:30:50 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 110194

the yen will periodically break north 5 years? doubt that long I did think the yen parity event would occur in Dec-Jan-Feb nope, too much BoJ intervention / jim

To: mishedlo who wrote (26658)	2/18/2005 12:33:52 PM
From: Jim Willie CB	Read Replies (3) \| Respond to of 110194

Jim Turk just on CBNC his book "The Coming Collapse of the USDollar, and How to Profit From It" was featured he made a few points: - USDollar decline will accelerate from here - interest rates are below the inflation rate ---- so price inflation is in the pipeline - oil price is steady in gold terms for a few decades - look for $500 gold price later in 2005 what he and others in the gold community overlook is China Turk never discusses China, and I doubt understands it in my analysis, our monetary inflation is going to China, and returning as a deflationary effect upon import, in the form of cheap imports, lost pricing power, but also job loss he forgot to mention that in Oct2004 he predicted $500 gold by endDec2005 nope, didnt happen at the same conference, I said "try 455 by year end" it was to a small group of people who had questioned him we got 455, so I missed Turk is relying too heavily upon the real rate of interest he needs to integrate the Asian currencys into his calculations / jim