Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (4415)	6/7/2001 1:17:46 AM
From: Maurice Winn	Read Replies (1) of 74559

<Well, he's been able to do it so far because of the "perception" of such, this doesn't mean it can continue... in fact you're cognizant of the above fact that Greenspan is just printing away means that the "horses" probably will "frighten" at some point. Your point should make folks very uneasy about holding US$ IMO.> I agree. At some stage, holding US$ will be a bad idea. I think it is already a bad idea and wouldn't do it. But I have no idea when the crunch will come. Note that holding US stocks is NOT the same thing as holding US$, even though they are priced in US$. Anyway, I'm all lined up ready, with plenty of borrowed US$, ready for crunch time. I didn't get it on why my point about share markets replacing money should make people uneasy about holding shares. I'd have thought the contrary. When people realize shares are the new game in town, they'll ditch money other than as a means of exchange and valuation. At any price for a portfolio of shares? Well, I've searched the world for the hills [as in "Look out! The sky is falling, head for the hills."] but I can't find any hills in which to hide. Gold, platinum and anything else are all locked into globalisation and its worldwide tentacles. Shares are still the best bet. Of course at some price money might be a better bet, but we are far from that. The dot.gone crash took a lot with it and Alan squeezed out the wealth effect. Now things can restabilize and people will make comparisons between interest on their money [less inflation - don't forget the 'productivity bonus' that is stolen from you by dilution due to more money printing, and taxes] and returns on the stock market index. Mq

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