Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bilow who wrote (14824)	3/8/1998 11:29:00 PM
From: tekgk	Read Replies (1) of 94695

>> Smells like the late 60s to me. I have been struggling with this for the last 6 months. Last summer in Wyoming, after things first started to unravel, Greenspan said that modern fiat currency system had the power to create unlimited amounts of debt and currency. At the time, most saw this as a strange and inappropriate statement and chose to ignore it. In retrospect it is clear that he understood the depth of the SEA problem and was perhaps signaling his preferred solution way back then. If my analysis is of his words is correct, then the correction will follow the late 60's and 70's pattern (with a twist naturally). The derivatives problems are beginning to surface in Europe and here. JPM is first out of the blocks with problems, but several sources that I spotted today on the internet are talking about Citibank joining in on the fun and games. I guess old Al had better keep them electronic presses rolling -g-

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