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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (67434)11/18/2003 12:21:00 PM
From: Real Man  Read Replies (1) of 94695
 
You don't want to know. I think it will be unimaginably horrible.
The example of a derivative POP was Russia-1998, with it's
98% stock market and 80% currency collapse. It could be
worse here, since this derivative credit bubble is a lot bigger, relative
to GDP, than it was in Russia! But we have to think of ways to survive.
The pop in Russia was done with the debt roughly 33% of GDP, here it's
400%. Currency just popped one day, when the CB ran out of cash to
support it.
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