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Strategies & Market Trends : Waiting for the big Kahuna
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To: Mike M2 who wrote (48254)8/23/2000 10:10:58 PM
From: Mephisto  Read Replies (2) of 94695
 
"Before long, it will dawn on him and the markets that his (Greenspan)freedom to pilot the economy away from the threatening recession through easier money is less than zero."

Excerpt from: On Borrowed Time

by Dr. Kurt Richebacher

Dear William,

There is so much information in Dr. Richebacher's editorial that you'd have to be a well-informed economist to respond, and I am not even an economist.

Yet, the US economy has survived recessions in the past, and I believe the stock markets may have prospered during a recession. If the dollar declines, products from US technology and electronic companies will be cheaper so those products should look more attractive to foreigners, should they not? Cheaper American products should benefit American companies. Of course, there is the downside, and I don't know how serious that threat could be.

Thanks for the post though.

Best Wishes,

Mephisto
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