Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: smolejv@gmx.net who wrote (35754)	7/5/2003 5:21:56 AM
From: TobagoJack	Read Replies (1) of 74559

DJ, <<Diversity rules OK. And the survival of the fittest>> Maurice's fate, unless he repents, will soon be sealed, and ready for pickup at the nearest Walmart store:0) A friend just sent me this message, "I got a 27 yr old former derivatives trader, Univ. of Texas grad, young Canto guy now earning $7k as our doorman at MacDonnell Road)." HK$ 7k is USD 900. In HK, the freest economy in the world, costs adjust rapidly. The doorman, working as a derivatives trader, was probably earning north of USD 9000/month when he was 24. No system-wide devaluation necessary, yet. Chugs, Jay

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