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 (23588)	9/28/2002 4:51:11 AM
From: Maurice Winn	Read Replies (1) of 74559

More banking: it does seem as though that is fur showing under the hemline of J P Morgan. Maybe they and GE really do have hairy legs. fool.com With the Japanese government buying Nikkei stocks, in similar fashion to that of the Hong Kong government when the Hang Seng hung low, I smell a bargain somewhere. Maybe they have read the future here in SI [as written by Uncle Al's slavish admirer] and realize that shareholding assets are great backing for a currency. They can own all the shares by the simple expedient of printing more yen and going down to the stock exchange. Actually, they can probably just click on "Make more pixelated Yen", then click "Buy" on their cyberspace stock trading account. Bingo, the government owns a lot of valuable stuff. Actually, they could buy some USA stocks like that too [after clicking 'sell yen' and 'move to USA account']. That'll keep the banks in business, the companies in business, employees at work and give the government some real asset backing. Bad luck for those with yen stuffed in the mattress because the dilution could be quite serious. I can't imagine deflation really getting serious when there are petayen printed and 'out there' looking for something to buy. Savers really are a special subspecies of human who are used to rescue the impecunious, indigent majority who are more tuned to kleptomania than creativity. Mqurice

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