Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Crimson Ghost who wrote (21280)	11/4/2002 4:34:47 PM
From: ItsAllCyclical	Read Replies (2) of 36161

Good article by Jim Rogers on Greenspammer. Not sure if it's been posted. jimrogers.com On Sept. 25, 2002, Greenspan told a group of economists again not to worry about his approach of sustaining the economy with a new housing and consumption base with more credit piled on top of the huge debt increase of 1997-2001. He is getting in deeper while still trying to override normal economic history and rules. He said, "These episodes suggest a marked increase over the past two or three decades in the ability of modern economies to absorb shocks." We do not need to worry he said because the world economy "has become more flexible." He is now a believer once again -- in a New Flexibility. Among the most dangerous words in the world are: "It is different this time." The Maestro still believes once again that things are now different. History will judge him one of the worst Central Bankers ever. --------------------------------------------- About 80% gold here now and 20% cash. Feel pretty comfortable given the way gold, US Dollar and gold shares have been behaving. Mostly bought more DROOY today around 3.15.

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