-Caveat Lector-

        USA TODAY yesterday reported that if this is a RECOVERY

        why arent there any jobs being created.  AMR the parent

        company of American Airlines reported that during the

        last quarter ( April-May-June ) that American Airlines

        has been losing $250,000 an HOUR.

        The United States is a totally bankrupt nation.  This one

        is considerably worse than March 1933.  The debt is now

        6.11 TRILLION and counting.  This amount is MANY TIMES

        OVER the ENTIRE M1 MONEY SUPPLY.  In other words there

        is not enough money in circulation to pay the debt.

        It's a hopeless situation.  If the Secret Government

        doesnt officially declare bankruptcy and create a new

        monetary system at once , then you will see a wholesale

        breakdown of society.   What will occur then will be

        like some of Mel Gibson's early MAD MAX movies.  If

        you can recall those.

        One option is to START PRINTING MONEY.  That will lead

        to total chaos.  I'm sure the Secret Government is

        considering that option.  If that starts occurring

        you need to get all of your money into real assets.

        Immediately.   Recall the days prior to the French

        Revolution in 1789.  And in WEIMAR GERMANY just

        prior to Hitler.  It took 100,000 Reichsmarks to

        purchase a package of chewing gum.










-----Original Message-----
From: c. [mailto:[EMAIL PROTECTED]]
Sent: Thursday, July 18, 2002 2:21 AM
To: [EMAIL PROTECTED]
Subject: [CTRL] Markets hope the worst is over


-Caveat Lector-

<oh i do hope not... it is *too* amusing to see the euro valued higher than
the dollar..*

Thursday, 18 July, 2002, 05:58 GMT 06:58 UK
Markets hope the worst is over


A morning bounce in Asia has given investors heart

Share prices around the world have steadied, amid mounting hopes that two
months of sharp declines may be over.
Japan's Nikkei share index closed up 2% at 10,498 points, leading Asia
higher, after Wall Street stocks closed up on Wednesday.
The markets' months of misery
New York Dow:
Down 17.5% from 17 May peak
London FTSE:
Down 20.5% from 15 May peak
Frankfurt Dax:
Down 19.3% from 15 May peak
Paris Cac:
Down 23.1% from 15 May peak
Tokyo Nikkei:
Down 13.2% from 20 May peak
US shares had surged at one point, but the froth came off by the end of the
day - a sign that the mood is still uncertain.
Now, all eyes are on the long list of US corporate results due later in the
day.
US results have been mixed so far, but analysts take comfort from the fact
that investors are starting to pay attention to fundamentals, and may be
shrugging off the gloomy mood of the past few weeks.
Results roster
The main dampener on the market is now the fear that Thursday's earnings
statements will disappoint investors.


Until corporate America cleans up its act or earnings get better, this looks
like a technical bounce

James Volk, DA Davidson
Some of America's biggest hi-tech firms are scheduled to report results,
including Microsoft, eBay, Nortel Networks and Sun Microsystems.
On Wednesday, investors faced a more mixed bag, including Citigroup, Ford,
Boeing, Coca-Cola and IBM.
Although the news was far from uniformly positive, results from Ford,
Coca-Cola and IBM were all cheering.
Companies count
Optimists hope that company results could generally send out a positive
signal, reminding investors that share prices are based on corporate
earnings first and foremost.

Could things be starting to look up?

While the mood in the market has darkened, economic fundamentals have
remained more or less favourable, and companies have tended to report solid
trading conditions.
The markets' somewhat muted response to Wednesday's results - the Dow Jones
index closing just 0.7% higher at 8,534.17 points - was based on the lack of
trust in corporate accounts since the Enron collapse, however.
"Until people get their courage back, until corporate America cleans up its
act or earnings get better, this looks like a technical bounce, and
technical bounces have not had any legs in the past," said James Volk of DA
Davidson.
Two months of misery
Major stock markets around the world have now lost up to one-quarter of
their value since the recent peak in mid-May.
Many have plumbed depths well below those hit after 11 September: the FTSE
100 index, for example, has hit lows not seen since the end of 1996.
After 11 September, all major markets plunged, but recovered sharply towards
the end of the year before treading water in the first quarter of 2001.
The recent sharp declines - sparked by the admission that telecom giant
Worldcom had exaggerated its profits - have caused consternation among
policymakers and consumers alike.
Falling share prices generally lead consumers to cut spending, epecially in
the US, and could push the global economy back towards the recession it
flirted with late last year.

How far will they fall?


Key stories
Shares edge higher
FTSE falls below 4,000
Euro breaks $1 barrier


Analysis
Holes in the ceiling
Bottoming out?
Why markets fall
How it affects you
Don't panic
'Safe havens'
History of crashes

IN DEPTH

Corporate scandals

TALKING POINT

Are you affected?


The Markets: 8:18 UK
FTSE 1004184.4- 6.2
Dow Jones8542.48+69.4
Nasdaq1397.25+22.0
FTSE delayed by 15 mins, Dow and Nasdaq by 20 mins




See also:


18 Jul 02 | Business
Relief for battered US markets
16 Jul 02 | Business
Shares close lower on Wall Street
16 Jul 02 | Business
More gloom from US tech sector
16 Jul 02 | Business
US recovery on track, says Greenspan
16 Jul 02 | Business
US Senate unveils tough fraud bill
15 Jul 02 | Business
WorldCom's woes 'go back to 1999'
15 Jul 02 | Business
USA Inc starts to come clean on options
Internet links:


New York Stock Exchange
Nasdaq
London Stock Exchange

The BBC is not responsible for the content of external internet sites

Top Business stories now:


Markets hope the worst is over
TUC to 'press for employment rights'
Regulator orders BT to cut web charges
Blair ally faces union defeat
Boss quits at AIB scandal unit
Prescott to unveil £1bn housing plan
Merrill faces fresh lawsuit
Little respite for tech investors

Links to more Business stories are at the foot of the page.

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CTRL is a discussion & informational exchange list. Proselytizing propagandic
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directions and outright frauds—is used politically by different groups with
major and minor effects spread throughout the spectrum of time and thought.
That being said, CTRLgives no endorsement to the validity of posts, and
always suggests to readers; be wary of what you read. CTRL gives no
credence to Holocaust denial and nazi's need not apply.

Let us please be civil and as always, Caveat Lector.
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