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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (36449)7/24/2003 6:19:43 PM
From: Maurice Winn  Read Replies (1) of 74559
 
Jay, I am betting with the Empire and Uncle Al KBE and his dollar. I am holding a stack of them [in pixelated form] because In Al I Trust and in the USA I trust. Not that they are especially trustworthy, which they are not, but that they are better than a swarm of bad options.

I am betting that when the holders of dollars which have been sliced and diced and return no interest have given up and gone shopping for investments, gold, land, consumer goods or anything else and the Y2K bust is over, and the next bubbles are burgeoning, Uncle Al [or successor] will raise interest rates again as sure as the sun rises each day.

Then, we will see who is over-exposed with debt and what assets might be for sale.

I am betting that there isn't going to be a great inflationary boom as per the 1960s, 1970s and 1980s. Uncle Al and co will keep things steady and put the squeeze on when the time is right. He is NOT going to have his last 20 years of work poured down the drain while he's on the shift. The currency will hold its value and remain the world's pre-eminent means of exchange. Until the Q takes over of course, which is under development. Give it a few years.

Mqurice

Q372 G361 .... not far apart, but one is paying a dividend and earning big profits and enjoys a fattening bank account and huge sales to a barely touched market.
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