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Gold/Mining/Energy : Gold Price Monitor
GDXJ 98.59-2.8%Nov 13 4:00 PM EST
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To: IngotWeTrust who wrote (51539)6/27/2000 8:18:00 AM
From: long-gone   of 116762
 
Wednesday June 21, 2000

Goldman: Inefficient Markets

David P. Goldman, global credit strategist for Credit Suisse First Boston, quips in the July 3, 2000 issue of Forbes, "If capital markets are truly efficient, then so is the civil service."

Mr. Goldman notes, "the way the market looks upon corporate bonds, though, suggests that you had better stock up on freeze-dried food, bottled water and shotgun shells - there's a catastrophe coming that will make the 1998 Russian debt crisis look like a 6-year old's birthday party."
(cont)
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