Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mike M2 who wrote (14812)	3/8/1998 5:24:00 PM
From: tekgk	Read Replies (1) of 94695

Good point. The gold standard has been an illusion for most of history - the politicians, bankers and bureaucrats of the 20's and 30's like all those that preceded them in history had managed to circumvent most of the effects of the gold backed currency. The only real difference between then and now was mostly pretense. The increase in liquidity beyond what gold reserves would support eventually forced a devaluation of the dollar relative to gold several years after the crash. IMHO the injection of excessive liquidity caused excessive increases in market valuations which resulted in the crash. If the Fed's and the politicians had run an honest game ... nah forget it - everyone loves a party, hangovers are inevitable -g-. The injection of liquidity with negative real interest rates in 1993 parallels the actions of the fed in 1927 rather ominously.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next