2004-10-26
IT'S THE ECONOMY, STUPID!
Billmon's Moon of Alabama have a write up recently entitled Red Lights Flashing, and you can be certain it isn't about the latest K-Mart special | No, it's about the American Economy, which Dubya says is "...on the march...," and that may be true, even if it isn't in an uphill direction | Some highlights:
Anyway, you may want to read the complete item Red Lights Flashing yourself, and draw your own conclusions | ¶ 23:19
Billmon's Moon of Alabama have a write up recently entitled Red Lights Flashing, and you can be certain it isn't about the latest K-Mart special | No, it's about the American Economy, which Dubya says is "...on the march...," and that may be true, even if it isn't in an uphill direction | Some highlights: Doug Noland of Prudent Bear started his weekly Credit Bubble Bulletin on Friday with the words "It has the feel of an unfolding bear market." Martin Goldberg, author at Financial Sense, titled his Thursday market wrap-up "Something big is about to happen."Bill Clinton's 1992 Campagin slogan is even more apt today | Too bad Kerry's handlers hadn't thought to use it |
For years the US has over consumed and under saved. Foreigners have financed the difference between consumption and savings so far, confident in US politics and the US economy. This is changing.
The US war adventure in Iraq has helped to push oil prices up 100% in only one year. This is an oil shock for the global economy.
Anyway, you may want to read the complete item Red Lights Flashing yourself, and draw your own conclusions | ¶ 23:19
