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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (57239)12/16/2004 12:59:44 AM
From: Hugh A  Read Replies (1) of 74559
 
Mq - Skype is a blast - Good to talk to a BBRist after all this time. I'll trundle out tomorrow for a USB headset.

Uncle Al KBE sending capital/home equity to China in exchange for trade goods reminds me a bit of the "purchase" of Manhattan by the Dutch. We'll send you some baubles - plasma HDTVs that are junk in 5 years - and you send us your capital. In 5 years the toys are gone and you'll have to borrow money back from those who sold them to you. Bernstein's book on gold showed that Spain's Inca gold benefited everyone but the Spanish - plus ca change!

HA
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