Booms, Busts, and Recoveries Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: TobagoJack who wrote (13787)	1/22/2002 8:40:03 PM
From: Maurice Winn	Read Replies (1) of 74559

<USD 1 million will now earn US$ 9.5 per week, good for some burgers and a coke. I would guess that we are not at a 'golden equilibrium' ;0) What do you think?> People owning US$1 million might think they are well-off and retired, but it is obvious that they aren't. Of course, interest rates will rise again, but that'll be after the printing and huge dilution, so it'll be small consolation. Savers of cash are being beaten up! Gee, it seems bad in Hong Kong. That must be why so many of them have come here. It's all light and happiness here. The economy's bubbling happily along, Auckland is always having new construction. Things look good. But we can't take our little Kiwi$ and go shopping in the big wide world; we get one can of baked beans for a bunch of our $$. Fortunately, we grow and can our own baked beans, fish and stuff. US$1 million is still real money here and almost gets a person on the rich list [starts at about US$4 million]. The local stockmarket missed the bubble and missed the crunch. It's all on an even keel. And the America's Cup racing will be getting going later in the year. Mq

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next