this is a transcript of don coxe's recent speech, in which he explains why we are not heading for global deflation, and commodities will respond positively. "weakness is strength" refers to the us dollar, which has been paradoxically strong because of a short-covering rally as debts are written down. he also explains why the ted spread (t-bills vs. eurodollars) is an indicator or market health and liquidity.

this is a large pdf file, and you can download it here:

http://freefilehosting.net/download/...