Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (69000)	5/1/2008 12:14:21 AM
From: Maurice Winn	Read Replies (1) of 74559

That is a very good bet: <I am guessing a lot of folks around the world have wasting dollars> Big Ben is cutting interest rates to UnHappy Meal levels, to force people to spend their money on something, anything, just to get it out of their hands like a hot potato into somebody else's, thereby boosting the economy and avoiding a deep, hard and long recession. Measured in GSAT value, my US$ have soared. Measured against your sacred and ancient valuation system, my US$ have risen. Measured against QCOM my US$ have fallen. [This period is from 2 months ago when fear was ascendant]. Measured against NZ$, they have bounced a bit and are now gaining ground and soon to accelerate to ascendancy as the Kiwis with their $100bn borrow and hope funding from Mrs Watanabe falls due and they suddenly find their cafe lifestyle and general swankiness were based on borrowings rather than savings. As their house prices tumble, they will experience [and are now experiencing] the same process as per California and other housing boom on borrowed money places. As hordes of people have found over centuries, one can party happily on borrowed money and be apparently very wealthy and happy. But as hordes of people have learned over centuries, great parties are followed by enormous hangovers, and yet again the verities of Virtuous Values are relearned amidst pain and suffering. With Financial Relativity Theory as the operating system for financial systems instead of Newtonian Financial Theory, people have been able to create very weird quantum tunneling financial instruments as seen in the vast array of hieroglyphic laden derivatives. Financial event horizons can loom out of the gloom and spell doom with little warning and not enough to escape since the first perception is as one accelerates past the event horizon and into the maelstrom in preparation for Big Bang financial reset for the survivors who avoided being sucked in. Recommendation = avoid the second shoulder in gold aka abandon ship + short NZ$ vs US$/yen. Mqurice

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