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Strategies & Market Trends : India Coffee House

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To: Andy H who wrote (4799)	6/29/1999 11:58:00 PM
From: Raymond Duray	of 12475

Hi Andy, I see from your post that you don't live in the Sillycone Valley or Alley (that being NYC, particularly SoHo and Tribeca). These people have seen a heck of lot of inflation for property lately. I think this whole inflation thing is a mad obsession on the part of the bond holders. We could easily solve the whole issue by never allowing institutions to loan for a period longer than say 5 years for any commercial, industrial purpose or 15 for residential real estate. It would take a whole lot of the voodoo out the system. It would also mean that our government couldn't do the terrible injustice it is to the younger generation with the obscene national debt. In addition to the currencies you indicated there is additionally a currency board in Argentina and their currency is directly tied to our own. Should the USD strengthen to too great an extent, it will devastate Argentina in its Mercosur trading area. I guess we will know soon what to do. If the FOMC come out at >25BP, I'm outta the stock market. Back to cash and think about reentry in November when they sort out the mess they will have created. Best, Ry

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