Monday, October 18, 2004


Monday October 18, 2004

The Daily Reckoning has a look at the performance of several critical markets for the year to date. Oil is up 67% this year. What's interesting to me is the quote of Alan Abelson from Barrons
"China's decision to abandon attempts to cool off its over heated economy before the job was half done," says Alan Abelson, "is reflected in the resumption of the global bull in commodities, notably the spurt in copper and aluminum, as well as oil."

Abelson thinks China is starting to alter the way it recycles the flood of dollars it receives, focusing more on commodities and less on U.S. securities. "Greenspan & Co. may have no choice but to keep nudging up rates, if only to keep the dollar afloat," he writes.
The Dollar this morning is at a new low on this latest decline to 1.25 to the Euro!
Mover Mike at 9:36 AM

Yesterday I wrote about the charges filed in June charging Kerry with Heresy. Today I read inCatholic World News that Kerry has incurred the penalty of Excommunication!
Marc Balestrieri, a Los Angeles canon lawyer, who launched his case earlier this year by filing a heresy complaint in Kerry's home archdiocese of Boston, told EWTN's "World Over" program on Friday that he had received an unusual, indirect communication from the Vatican's Congregation for the Doctrine of the Faith regarding the pro-abortion stance.
That communication provides a basis, he said, to declare that any Catholic politician who says he is "personally opposed to abortion, but supports a woman's right to choose," incurs automatic excommunication. It also provided a basis for Balestrieri to broaden his canonical actions and file additional complaints against four more pro-abortion Catholic politicians: Democrat Senators Ted Kennedy of Massachusetts and Tom Harkin of Iowa; Republican Senator Susan Collins of Maine; and former New York Governor Mario Cuomo, a Democrat.
Mover Mike 10:42 AM

Then there's this from Geoff Metcalf (see Bio). You wonder why Kerry hasn't released his SF-180 of which there are 100 pages that the US Navy won't release without Kerry's authorization? Metcalf says:
The growing conventional wisdom (in military circles) is that Kerry GOT a discharge but it was other than honorable. He subsequently got Clinton to sign the fix in 2001.
It has been suggested (and probably true) that the sandbagged records are loaded with appeal efforts and reports of his having provided “aid and comfort” to the enemy.

This page is powered by Blogger. Isn't yours?

Who Links Here
WWW Mover Mike