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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (70638)10/23/2008 1:51:42 AM
From: Maurice Winn2 Recommendations  Read Replies (1) of 74559
 
Until the last little crunch down by QCOM to near $34, I had a net gain of about 20% for the year as measured in NZ$, my home purchasing method. As you have always said, losing least is a great outcome. It must be down to about even, which I'm happy with.

Timing the move from cash to something better is going to be tricky and gold is perhaps now cheap enough to fit the bill. I must admit. Gold is only up double [plus a bit] from several years ago in US$.

I am not very confident that an imploding cascading collapse is avoidable once politicians and electorates start going crazy with ideas to "save" things.

Already, gloating claims that "capitalism was tried and found wanting" are dominant. Which means that people think something better is a good idea. Which means they will destroy what's left. They presumably think the USSR method and Maoistic mania would be a good way to run things now.

6 billion large primates in a globalized real-time financial relativity theory experiment, never before tried. A one-way test of combined human brain-power. With 98.5% chimpanzee DNA we are not likely to do brilliantly. Yes, there have been fiat funds exploded before, but never so en masse, when most people live in cities with no visible means of support. Mostly such times were during largely agrarian ways of life, with global trade a far smaller proportion of economic activity.

Gung Ho,
Mqurice
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