Idea Of The Day 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.

Politics : Idea Of The Day

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Lee who wrote (19785)	9/1/1998 9:55:00 PM
From: Andeveron	Read Replies (1) of 50167

>> The world isn't going to stagnate just because of some stumbling blocks in Asia and Russia. << I would submit that the world is stagnating already, with or without Asia and Russia. Latin America follows in the tracks of Asia while the whole of Europe sits in the shadow of a pensive Russia. If Russia falls into calamity and chaos, markets will choke. Mexico and Canada have raised interest rates to protect capital flows and commodity prices are in a severe downdraft. Heavy supplies, bargain prices: muted wealth. The bull market has run this far and this fast because of the promise of rampant global growth as new economies emerge to partake of our commodity and high tech exports. All the evidence points to a malaise in the world that will be long and protracted. Today's bull run was impressive but I don't expect the uptrend to last very long. There is still a lot of fear, bewilderment and uncertainty out there. As for Abby, she is evidently a permanent bear. One does have to commend her for sticking to her guns, even in the face of a titanic avalanche.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next