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Gold/Mining/Energy : Gold Price Monitor

GDXJ 97.80

+0.9%

Nov 19 4:00 PM EST

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To: goldsnow who wrote (14119)	7/5/1998 12:32:00 PM
From: Giraffe	Read Replies (2) of 116764

In this week's New Yorker magazine there is an interesting profile of US Deputy Treasury Secretary Larry Summers who is Rubin's right hand man. Here's a snippet: ------------ Summers has been reading about the interwar economy and he has compared the nineteen nineties to the nineteen twenties, pointing out that the earlier decade was also a period of general prosperity and buoyant financial markets, which was followed by "the twenty darkest years in the history of humanity." While acknowledging that the comparisons are by no means exact, he reminded me that it was the failure of the Austrian bank Credit-Anstalt that sparked Europe's financial crash, and added, "I don't think Asia is inherently more stable now than Europe was during the nineteen-twenties."

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