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MS,
If one allows the Japanese post-bubble
model, massive deficits make alot of sense
as an antidote to the possibility of massive
deflation or a depression. The Bond market and interest rates are showing
that this is a real possibility.
As for you and Bush II, I am sure you were
one of those who said he was too dumb to be President and you are still waiting
for him to stop showing you that you were wrong. In the last Prez
election, I voted Libertarian. But, everyday I thank the Super Chief for the
Palm Beach blue hairs who screwed up the election and prevented Big Al from
winning the Presidency. The biggest difference between Gore and Bush is
that
Gore truly believes that he is smart and would
never admit that he doesn't know everything. Bush is smart enough to know
what he doesn't know and hires the best people to get the job done. Can
you imagine Al Gore running things during the past three years? He'd still
be analyzing and trying to decide what to do about 9-11. Gore
is very well suited for academia and destiny has
accommodated his aptitude.
Any undertaxation that you feel guilty about
not paying will be happily accepted as
a donation by me as a public service to relieve
your conscience.
Regards,
Stomin Norman
<BLOCKQUOTE
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----- Original Message -----
<DIV
>From:
Mark Simms
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Sunday, May 25, 2003 12:55 AM
Subject: RE: Re[3]: [RT] spx daily
I'm not
thinking MASSIVE here, only LONG-TERM.
The current
economic condition is SYSTEMIC....and thus resistant to "Quick
fixes".
Part of my
bearishness comes from the current high PE Ratios for one....there just seems
to be so much ANTICIPATION for a big recovery here...
I don't see it,
quite frankly.
Bush fired
Laurel and Hardy (O'Neill and Lindsay) because they told him you can't
cut taxes, wage expensive war, and continue sponsoring a huge, costly
bureaucracy in Washington....it's economic suicide in the long
run.
Bush did not
want to hear this....moreover, h<SPAN
class=930204604-25052003>e's
"dumb"...economically.
That's why he
fired them....but THEY were right.
These deficit
projections are just the tip-of-the-iceberg.......and incredibly, there is
still no talk of government cut-backs in spending programs and transfer
payments.....just incredible !
Unfortunately,
Bush may be out of office before this is proven
correct.....
<FONT color=#0000ff
size=2>
<FONT color=#0000ff
size=2>
<BLOCKQUOTE
>
<FONT face=Tahoma
size=2>-----Original Message-----From: Kent Rollins
[mailto:kentr@xxxxxxxxxxxxxx]Sent: Friday, May 23, 2003 8:16
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: Re[3]:
[RT] spx daily
How can YOU ignore everything besides the tech
sector? If everything but the tech sector has turned the corner on the
economy, that sounds like a good thing to me.
With respect to the "derivatives bubble", prove
to me that there is one. This is the first I've heard about it.
Lately, Warren Buffet has been saying a lot of stuff with
which I don't agree.
FYI, consumers have been repairing their
balance sheets as well. Sorry I can't remember the numbers on that one
either. It's not as dramatic as the improvements on the corporate
side, but it was an improvement.
So you're joining Simms on
predicting MASSIVE Great Depression II.
Kent Rollins
----- Original Message -----
From: <A
title=bradcline@xxxxxxxxx href="">Brad Cline
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Friday, May 23, 2003 2:08 AM
Subject: RE: Re[3]: [RT] spx daily
<FONT face=Arial color=#0000ff
size=2>How can you ignore the tech sector? That's like pro forma accounting.
If I didn't have to make my house payment everything is rosy. The
markets have seen their lows only if the derivitivies bubble doesn't burst,
or consumer debt doesn't come home to roost. Warren Buffet has said that
derivities are a "time bomb" waiting to happen. Maybe the fed will be able
to balance everything out over time but I wouldn't bet on
it.
<BLOCKQUOTE
>
<FONT face="Times New Roman"
size=2>-----Original Message-----From: Kent Rollins
[mailto:kentr@xxxxxxxxxxxxxx]Sent: Thursday, May 22, 2003 8:12
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: Re[3]:
[RT] spx daily
Corporations have been doing balance sheet
repair for 2 years now. AT&T alone has eliminate over $50
BILLION in debt. I saw on the tube last week someone who had a
stunning statistic on what the S&P profits are if you ignore the tech
sector. Wish I could remember what that statistic was. And the
tech sector will fall in line soon enough. You are stuck in a
rut. The markets have seen their lows. Shake it
off.
Kent
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