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Don't know where Mark is, but let's get the thread opened.

 

Buck Makes New Low

Sets Sights on More,

 

Yields Reverse in Blizzard of Treasury Paper

 

Is This The Big Turn?

 

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The collapse of Bretton Woods II still seems like the Story of the Decade ... and ... YOU WERE THERE ... or at least I hope you were. :D

 

Look at the eerie thirty-year cycle at work:

 

1914 - classical gold standard suspended as war breaks out in Europe

1944 - gold-backed dollar exchange system founded at Bretton Woods, NH

1973 - Bretton Woods I fails ... fiat dollar exchange (B.W. II) commences

2004 - Bretton Woods II at brink of failure, as fiat dollar slides alarmingly

 

Another thing you might notice, if you dig out some old producer price index charts, is that the first three dates listed all coincided with some heavy inflation, which continued for another 6 or 7 years in each case.

 

Our current era is quite inflationary too. But because the inflation was registered in stocks, bonds and real estate -- instead of traded goods -- most observers are blind to it.

 

During the rest of the decade, though, the dollar collapse may finally reveal inflation in traded goods as well. By 2009, Wal Mart may be as out of reach for the mASS(_)_)es as Neiman-Marcus. :o

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Sorry I was late getting back.

 

I had to perform an inspection of The Moustache Cafe on Melrose Ave. today for client interested in buying it.

 

All I can say is that the girls working there can be summed up in one word.

 

EXTRAORDINARY

 

Looks like November 19, 2004 will be known as:

 

"THE DAY GREENSPAN BELCHED"

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By 2009, Wal Mart may be as out of reach for the mASS(_)_)es as Neiman-Marcus.  :o

 

like I said, there will be fierce competition for those coveted Walmart greeter positions, all the more so with the added prestige of higher prices

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The collapse of Bretton Woods II still seems like the Story of the Decade ... and ... YOU WERE THERE ... or at least I hope you were. :D

 

Look at the eerie thirty-year cycle at work:

 

1914 - classical gold standard suspended as war breaks out in Europe

1944 - gold-backed dollar exchange system founded at Bretton Woods, NH

1973 - Bretton Woods I fails ... fiat dollar exchange (B.W. II) commences

2004 - Bretton Woods II at brink of failure, as fiat dollar slides alarmingly

 

 

 

They all seem to be roughly 30 years apart, interesting........

 

Oh you already said that Daaaaaaaah

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no excitment on a 100-point downer

 

maybe not on the 200-pointer either

 

but the 500-pointer will wake up some bears

 

back to Dow 9800

 

for failure this time

 

Whopsaw

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I was out all day...you never know...they ignore a down dollar, oil, Greenspan one week; the next week it's all a catastrophe and sell, sell, sell.

 

The media are totally worthless (except Stool and a few others).

 

I'll see if depends' Little Chart © thinks we've turned. Today shows that when bears are the most gunshy, the drop it hard. But I'm more gunshy to go to the longs side any time soon, either. Just a little pissed I wasn't positioned for today.

 

Lots of Xmas shoppers/traffic in Dallas today. Retail could do pretty well this season. Plasma looks expecially hot...anybody know what the best plasma play is? These screens with DSP mirros are awesome.

 

But I hate TI.

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Euro still chugging north.

 

No sign of a turn yet.

 

Currency moves tend to be exaggerated and extended, once they get going.

 

Ignore all the Cando and Euro top pickers and USD bottom callers, especially those who never saw a foreign currency rally they liked, and never was bold enough to participate in one of the greatest currencies runs we will ever see in our lifetimes.

 

And never bother to show up to admit they made a mistake.

 

The trend is your friend...............

 

The Euro is Rocking the the Dollar is Dropping............

post-184-1100903312.gif

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