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Pastimes : Ask Mohan about the Market

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To: Zeev Hed who wrote (8206)	11/16/1997 10:39:00 PM
From: D & G	Read Replies (2) of 18056

Zeev, I think the world markets will begin to unravel by the end of THIS year and continue well into next. By the end of JAN 98 the DOW will be around 5600 maybe lower. Look at the signs, they are everywhere. The major economies are selling gold to buy US dollars as the safe haven. What happens when everyone realizes that GOLD is the place to be and the US is just one economy in a global market ?? Ever country on earth wants to be THE major exporter. Who's going to buy ??? World deflation will result and the dollar will be SOLD to raise cash to buy gold or to cover massive debt. That will be the end of our goldilock economy. The UAW workers in this country will be begging for $15/hr jobs in 10 yrs.

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