Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: AllansAlias who wrote (11208)	11/22/2001 10:00:28 PM
From: Raymond Duray	Read Replies (4) of 74559

Hi AllansAlias, I've viewed the charts referenced and I don't have much doubt but what it could be a valid prediction. The one key variable I'm curious as to how you've calculated is the tremendous liquidity that is being added to the banking system. biz.yahoo.com Whereas the Fed steered a course of sobriety and decorum in 1930-31, we seem to have learned that lesson and are on a different course today. The run up of equities since Sept. 21 is nothing short of breathtaking for a fundamentalist like myself who understands that we are simply witnessing an asset class inflation of unsustainable proportions. This is not to say, however, that the FRB won't continue on this mode indefinitely, or at least until the taxpayers of this nation realize they're being fleeced for the sake of an elite capitalist class. Something that conveniently only happens every other generation or so. Comments welcomed! -R.

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