Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: westpacific who wrote (17193)	3/21/2002 4:46:05 PM
From: Maurice Winn	Read Replies (2) of 74559

Hang on there Westie! I thought we were talking about Uncle Al. Way back in 1945, Al wasn't printing dollar bills. Since Uncle Al took over, there hasn't been much inflation at all. They aim for about 2 or 3% to keep some profits of control as well as printing more to keep up with global economic growth and demand for US$. I expect the next move [I've expected this for 3 years now] is a rapid improvement in the global economy and sharemarkets taking off [and especially the USA techstocks]. The New Paradigm is NOT over, contrary to early reports. When sharemarkets take off, Uncle Al will raise interest rates to avoid the US$ being abandoned too quickly which would cause a rapid decline in its value. I expect he will have to raise them quite rapidly once the process gets going. We are running a real-time 3D and cyberspace experiment with 6 billion actors and trillions of innocent biological bystanders on a little, wet, cloudy, blue planet in the middle of nowhere. Some people think we should dig up bodies from 1929 and ask them what was in their minds that caused them to put various P:E ratios on stocks and that we should do the same now. It beats me why the experiment we are running now should run on the same P:E as a totally different world with people living totally different lives from a century ago. History has gone! It is finished and we cannot dig it up. We will not repeat it either, no matter what we know or don't know. Those who fail to understand history are not condemned to repeat it and can't, [other than in a superficial way], even if they try. History is bunk! The future is what is coming, not the past. Coming ready or not; and you can't play hide and seek with It. It'll find you in the most remote Toran Boran cave. Mqurice

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