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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: AC Flyer who wrote (39774)10/18/2003 12:53:17 PM
From: Maurice Winn  Read Replies (2) of 74559
 
ACF, I'm getting 1% on my money. That's simply not enough. People will not save. Even with the low risks of today. Interest rates will go up as people abandon holding cash, which is exactly the process Uncle Al intended to force onto people = don't just sit on the money, because he planned to cut your income to near nothing, so get out there and spend it and invest it in something, anything. So it has come to pass.

Now, it's time to start gently raising rates again to avoid inflationary pressure. Having China underpin the ability to expand the money supply dramatically was very convenient.

I don't agree that 2010 will be the end of the great prosperity boom. Sure, the baby boomers will be busting, but I've already busted, with empty nest syndrome cutting our spending by heaps. On the other hand, the offspring of the baby boomers are off and running and increasing production and don't forget the billions of non-baby boomers in India, China and everywhere else who want a piece of the action and have horizons far beyond 2010.

Nobody is worrying about a deflationary implosion now. They are lined up with their gold, hoping for dramatic inflation. It's time to punish them and chase them out to do something useful instead of trying to create a gold economy, like the Easter Island economy of useless heads facing out to sea to ward off evil spirits or something. Digging rocks or gold is not a useful way to pass the day.

Mqurice
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