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Pastimes : Book Nook
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To: Ilaine who wrote (15)3/19/2001 2:15:47 PM
From: Mike M2   of 443
 
CB, Dr. Richebacher predicted the bursting of the SE Asia bubble in his Sept 96 and March 97 letters. The thai bhat collapsed in July 97 . His big mistake was to underestimate the ability of the US to prolong the bubble. It may sound silly but I think" the bigger the boom the bigger the bust" sums it up nicely. The next couple of years will put all economic theories to the test. I expect the Austrian perspective will get the recognition it desrves. we shall see. mike
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