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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (12135)12/26/2001 7:54:57 AM
From: elmatador  Read Replies (1) of 74559
 
Elmat's first law of Boom Busts and Recoveries:

"As long as there is people saving money, there will be Boom, Busts and Recoveries."

That because: Savings by those diligent Anglo-Saxons, is lent to the Latins -at ultrageous rates, which no one cares since they are not going to pay anyway- who party with it, pay kick backs, thus causing a Boom which is followed by a Bust. Everything is "digested" a la Brady Bonds, in the late 80s, and everything restars again in a recovery.

We are presenlty in the "digestion" phase now.
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