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Pastimes : CNBC Guys - The Hunks of Financial TV

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To: wallacestevens who wrote (4025)9/4/1998 12:12:00 PM
From: long-gone   of 5936
 
Your "golden boyz" may yet be,but my choice may well be Neil & Karen of the Fox News.
Per the admission of CNBC the market is bigger than the FED. It is bigger than all the governments of the whole world!
This whole economy is held together with only a few words, "The Full Faith and Credit of the US Government". As long as we all have that
"Full Faith", everything works. When we(and most other governments) have political problems, and currencies are failing(or at least falling) all around us, IMHO that very same "full faith" is threatened or under fire!
Under those conditions gold can again shine. There is only a limited supply, and no government of the world can print it. And of the FED,
This market might well be able to soak up every single existing ounce in the whole and desire yet more!
Could it be that we may be seeing a change of the whole world? Could it be that there is a move to substance over style? We can only hope.
richard
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