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you are right
and HE gave ok to post to the list
Ben
----- Original Message -----
From: "Earl Adamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, September 08, 2002 10:49 AM
Subject: Re: [RT] the big economic picture
> If I am not mistaken, these two paragraphs appeared in Mauldin's latest
free
> weekly newsletter available at www.2000wave.com. The quoted material was
> excerpted (by Mauldin) from Dennis Gartman.
>
> Earl
>
> ----- Original Message -----
> From: "profitok" <profitok@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Cc: <gannsghost@xxxxxxxxxxxxxxx>; <wheelsinthesky@xxxxxxxxxxxxxxx>
> Sent: Saturday, September 07, 2002 6:12 PM
> Subject: [RT] the big economic picture
>
>
> > taken with permission from a banker
> > "...[I have been made aware]of a very unusual "paper" written by Mr.
> Norbert Walter, the Deutsche Bank's chief economist, and a gentleman not
> given to hyperbole. Mr. Walter apparently has become more and more
concerned
> about the very stability of the global economy after returning from an
> extended trip to Asia to see firsthand what is taking place there. He is
now
> concerned that unless the central bankers of the world change their
policies
> materially the world shall slip into 'a second leg of recession...
combining
> with deflation.' He said in a letter now being circulated to the major
> central bankers:
> >
> > "... around the world, the indicators leave no room for talk of an
> upswing. The economy is in a downswing as declining capacity utilization
and
> increasing unemployment show. Recession cannot be ruled out, considering
the
> multitude and seriousness of the trouble spots and potential risks to
> economic growth..... The people at the top seem to be losing the sight of
> the big picture. Pro-cyclic policy is being declared the only politically
> correct attitude."
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
>
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