Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (22173)	8/6/2002 2:48:02 AM
From: Maurice Winn	Read Replies (1) of 74559

Jay, thanks for the link. It seems I'm going to be eating tuna sandwiches soon. I hate to see food going to waste [or to waist, which is a middle-age occupational hazard]. So I suppose I'll have to help Uncle Al out if he has millions of tuna sandwiches on special. I do feel heroic, going in when everyone else is running for cover. <Making a long story very short, the Fed's is increasing the money supply of dollars at more than 11% per year. Its major competitor - the European Central Bank - is going in the opposite direction; the ECB's balance sheet is shrinking by nearly the same number. But making more credit available to people who are already deeply in debt is like offering a tuna sandwich to a drowning man; it is not the right moment. > If my US$ convert to NZ$, which is likely the way the US$ is going up, I'll have to borrow a whole lot from Uncle Al to buy a whole lot of Q or equivalent. Nobody seems to want US$ even at derisory interest rates and they seem to be abandoning Q and co as well. Well, out onto the battlefield I'll have to go. Bring on the killer pigs! Pork, yum... Pork for dinner, tuna sandwiches for lunch - a nicely balanced diet. Heck, I'll be able to lend my NZ$ at 6%, pay tax, convert the profit to US$ to pay the interest bill and have ownership of the Q production line. No need to mess with Japan. Phones and loans, Mqurice

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