Investment in Russia and Eastern Europe Message Board

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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: Rob Shilling who wrote (470)	8/20/1998 12:13:00 AM
From: Real Man	of 1301

I agree absolutely. I'm long only gold stocks in the US. US stock market cap is 150% of GDP, which is twice higher than in 1929 and higher than Nikkei-1989. "Revenge" - not the word. US printed a lot of $ and paper since the bull market started. They went abroad, in exchange for cheap imports, so no inflation. If the markets collapse, they will flow back and the dollar will fall, commodities rise, there will be inflation - this is my bet. Although some compare current situation with 1929, the situation is very different - in 1929 US was a major exporter, and its currency was backed by gold. Sure, US bubble has to burst some day, and inflationary situation is better than deflationary. We'll see what happens.

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