DAK, fortunately, the great Uncle Al, KBE, has managed to avoid the panic reaction by a rapid and world class interest rate reduction and monetary proliferation.
That is quite an achievement, thanks to his raising interest rates so much, despite whining from many people, like fleets of Koreans whining about CDMA royalties. Having got interest rates so high, he had plenty of leeway to zoom them down rapidly. Thanks to the Biotelecosmictechdot.com productivity revolution and a 6 billion person globalisation, he was able to flood the place with US$ without causing inflation.
This isn't a perfect storm, it's perfect bliss. Even the Mindless Zombies of the world, though they are in the billions, were unable to overcome the forces for Peace, Light, Harmony, Love, Happiness and Prosperity.
Praise be to our idol, Uncle Al, Pieces of Eight Be Upon Him, who way back in 1959, while most of you were still dribbling babies, or less, knew about the danger of Mindless Zombies in panic after being in thrall to imagined Ponzi riches.
Thanks for pointing out yet another of his perspicacious comments.
We should rename this Sier discussion "Hooray for Uncle Al, who saved the world".
Mqurice
<"Once stock prices reach the point at which it is hard to value them by any logical methodology,
stocks will be bought as they were in the late 1920s – not for investment, but to be unloaded at a
still higher price. The ensuing break could be disastrous because panic psychology cannot be
summarily altered or reversed by easy-money policies." > |
