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Strategies & Market Trends : The Stock Market Bubble

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To: Roger A. Babb who wrote (156)	5/5/1998 2:56:00 PM
From: Defrocked	Read Replies (1) of 3339

Warning>>>For discussion purposes only<<< The following is a totally hypothetical "Bubble burster". Items in quotation are from today's Bloomberg. Al-Naimi, the oil minister of Saudi Arabia is meeting with Undersecretary of State Stuart Eizenstat this afternoon at 3:00EST. to discuss "a range of commercial issues affecting their countries." Coincidentally(?) Alan Greenspan will meet at the White House with Bill Clinton, Robert Rubin, and Gene Sperling(Nat.Econ.Coun. chrm.) for "an informal session in which the president and Greenspan talk about where they see the economy going". Will Al-Naimi tell Eizenstat that the dual pricing of oil in both euros and dollars will be an agenda item at the June 24th OPEC meeting? Is AG briefing Bill and Bob about the possible ramifications for US govt.debt and the economy? The preceeding drivel is not substantiated and contains no inside information...but watch the dollar. The US is not immune to its own forced devaluation. Especially with 11% M3 growth vs. 4% in Europe. Also recall that the Depression was highly influenced by the Fed's defense of the dollar and Europe's deposit withdrawals. My, my, my....the uncanny parallels continue.<g>

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