The economic news from the US and elsewhere is nearly all bad and getting worse. The initiatives from Bush are long term measures and will not turn things around in the short term. Maybe by 2004 they will start to have an impact.
Just from what I have read, I see a lot more corporate collapses coming, markets declining at least another 20% this year and most commentators with their head in the sand to shield them (and us) from the ugliness ahead.
The expected Iraq war is only a sideshow and a distraction from the fundamental problems. The steady uptrend of gold for over a year now is further evidence that a major economic shakeup is coming, it is not rising because of war fears.
