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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (24720)10/30/2002 3:25:55 AM
From: Maurice Winn  Read Replies (1) of 74559
 
Thanks Jay. I'm going to let the opportunity go by again. I'm inclined to agree that it's a great opportunity, but I'm comfortable enough as is and I remain cautious about the proposition.

I see that the new Japanese finance guy is talking of taking over the banks. I see unemployment at record levels in Japan [only ~5% but a record]. Nikkei at 20 year lows. US$ vs Yen at a yen lowish level.

I saw bankruptcies in Hong Kong are at record levels [or maybe it was just 3 x the rate of a year ago].

There is quite a lot going on!

New Zealand is booming. It's crazy. Building everywhere I look. People spending flat out. Unemployment at 20 year lows. Tourists having a nice time and spending. We had a decade of crunching after the 1987 mayhem so missed the 1990s boom completely, at which time we had a high dollar vs US$, Yen, Pound etc.

Meanwhile, your gold is shining...

Mqurice
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