But they been buying those treasuries like all the caissons were already hitched to the horses. They are going to sell off and there is no where else to put money but into equities. Gold no way
I agree we won't have war but what ever happens will now be on President Bush's terms not Sadamn's. Long term this bodes well for the country (whether Democratic or Republican administrations). Sadamn used to yank our chain all the time and weakened the US in world views.
I remember last year when someone was blaming Bush for JDSU dropping during the Chinese plane crisis. Remember how they wanted the President to apologize for our pilot NOT being in the wrong. Amazing how the Chinese are no longer threatening Taiwan as often as in the past and North Korea is no longer firing missles in Japan's direction. All coinsidence of course.
Its too early to know how this IRAQ deal plays out but Sadamn knows Bush is not Clinton. I even heard today Senator Dashel is backing down and will have a vote on IRAQ this fall versus after the elections.
A war costing 1 to 2 percent of GNP would not be good in the short term yet sometimes one has to pay the piper. The spike in oil would also not bode well.
WAR is always a last resort and surprising Bush understands this. Now if his economic team could only figure out a way to reinflate the bubble to shore up the economy and deficit (fat chance since the only way was to prevent it in the 1st place).
News 
Market Data 
Discover 
AI
