Hmm?!

Dollar's Demise Drives Equities Up

Hmmmmm?

I thought it was the overalued stock market driving the dollar down? Everyone anticipating inflation, since it is all about massive cash infusions but virtually no improvements in efficiency.

Every possible piece of good news has been priced into the market. What happens when the inevitable bad news finally pops up?

2009 Depression Will Be Nothing Like 1929

Mr. Mcleod,

>But most dangerously, out of control military expenditure is continuing
> without much debate, or even discussion

Huuh??? The gulf war to date is at around $620 Billion and that is a lot!But the new administration at this point, will do nothing different than the old administration would have......despite any election promises.

However they have spent over 1.2 trillion in new spending in their first two bills alone. Everyone was upset at $4 dollar a gallon gasoline........thats funny! China has paid for all kinds of delivery gurantees, from various non middleast countries. Try an unstable middleast and $10 dollar a gallon gasoline.


On Mar 06 08:29 AM John McLeod wrote:

> Managing this situation would be a lot easier if more people were
> up to speed on the Panic of '73. Historian Scott Nelson at W&M
> U seems to have a much better handle on this than the James K. Glassman
> crowd at The Street.
>
> Also, there's the little problem that the reputation of fiat currencies
> has deteriorated, with no immediate prospects for self-discipline
> in money creation among central bankers.
>
> But most dangerously, out of control military expenditure is continuing
> without much debate, or even discussion. I believe NATO itself has
> promoted economic instability to a threat level higher than Terror
> (whatever that is), but even they don't yet realize that the V-22
> & friends are pointing more at *us* than at them.