http://story.news.yahoo.com/news?tmpl=story&cid=1738&ncid=1738&e=2&u=/zd/20050412/tc_zd/149843
9% growth....PE near 30 NO Longer a growth story hence the STAGNANT like pond scum stock price!
I am not sure where yesterdays inside out day turnaround will lead, or whether I will play the bounce if it looks like it has legs, but ANY rise based on "minutes" suggesting STEADY RATE INCREASES and INFLATION NOTgetting out of hand is pure BS!
The CPI does NOT even included the cost of rising housing! SO WHAT good is it?
GOLD PLUNGING....BONDS soaring....INFLATION? my hairy noggin!
The "CARRY TRADE" got the GREEN LIGHT again........its free ride to continue?
DEBASING your currency (AKA ARGENTINA) has never led to prosperity....trying as GREENASS is doing to INFLATE the debt away, the idiot has only ADDED to it! LIKE EPIC HISTORIC proportions!
Is why WHEN not IF the debt bubble bursts, disastrous consequences could ensue.
Is there any way out? I don;t see it. Recessions, periods of weakness are used to CORRECT abuses and imbalances, NOT ADD to them!
Duratek
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