Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LTK007 who wrote (6382)	7/29/2001 5:19:52 AM
From: Maurice Winn	Read Replies (5) of 74559

Max, the Nasdaq halved and while that meant financial disaster for huge numbers of people, in the broader viewpoint, there was no major problem. Instead, USA production and employment continued almost unabated in Y2K and Alan had to keep turning the screws to squeeze the economy down. The Dow could halve over the next year and there wouldn't be financial collapse either [though there would be plenty of individuals suffering financial collapse]. The markets have been clearing very nicely [albeit excruciatingly painfully for hordes of people]. Yes, I do think another Dow and Nasdaq halving would be very icky. I would not like it at all and would be involuntarily 'restructured'. But if it was slow enough, as the first half was, I think there wouldn't be widespread collapses, 15% unemployment, inflation of 10% etc. So far, things have gone according to my years old plan [Globalstar excepted]. Mqurice

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