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Strategies & Market Trends : ahhaha's ahs

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To: gpowell who wrote (2260)5/16/2001 11:26:59 AM
From: AhdaRead Replies (1) of 24758
 
Paul Volcker 1998 re Asia but is very applicable
The basic story is as old as financial capitalism itself. Success breeds confidence and over-confidence. Greed overcomes prudence. Then something unexpected happens - perhaps at home, perhaps abroad - to raise doubts. Fear becomes contagious. Individual self-defence helps spread distress. And if the excesses are widespread enough, a financial crisis becomes an economic crisis, which is where much of the emerging world is today.

Grace A Zaccardi
Get thee to a hedge fund, Darleen because it's clear your money ain't safe in a mutual fund that can only hold long anymore.

Ahhaha
Static equilibrium is oxymoron. The absence of large intervention powers in the 19th century meant there were hectic, but shallow short swings. The advent of controlling institutions makes the swings long and deep, and of course, speculative, the very opposite of their intent.

AG?
The Fatal Conceit: The Errors of Socialism

gpowell
At the limit of efficiency the "best institution" is the free market.

Darleen Well I hope the bond market holds as hedge funds appear to be the near term solution to many.
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