Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: swisstrader who wrote (431)	10/31/2000 11:29:06 AM
From: marginmike	Read Replies (5) of 74559

Folks your are absolutly WRONG. I am an Art Dealer, and I own a piece of an Exotic car dealership. The fact is The Exotic car business is off 25-30% and is as bad as its been for 12 years. The Art market has also slowed. In 1987 when the cycle started its decline Real Estate, and Luxury goods were trailing indicator's. As it will be this time. Tell me what kind of Beamer you want besides an M3 you cant get immidiatly? Maybee your dealer is just a piker. The fact is there is a burgeoning Credit crunch this is the seed of the next recession. Alan and co are pumping money overtime to maintain the status quo, and they might succeed, however one Tank rolls the wrong way, one currency gets whacked and they could easily lose controll. Maybee a few more Bond funds need to go belly up. If you think the economy wont slow signifigently with the markets down 10-30%, oil at 30, Inflation(real inflation)up 50%(from 2 to 4%), and to boot the worst credit crisis since 98. Well keep wishing and dreaming. The economy will start contracting within 24 mos.

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