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Strategies & Market Trends : The Millennium Crash

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To: MythMan who wrote (3753)	11/6/1998 1:24:00 PM
From: Hawkmoon	Read Replies (1) of 5676

we appear to have a Fed that will do anything to prevent a market slide Seems that your positive case for continued bullishness is based on schizophrenic evidence. The forces of global deflation overseas pulled the rug from under the large debtor nation's ability to service their debt. Now the Fed is forced to lower interest rates to support the liquidity of US money center banks who so foolishly overextended their loan portfolios. So just how do we retrieve higher commodity prices in the face of beggar they neighbor exporting policies by debtor nations who need to sell what they have to pay their debts to G-7 bankers?? And just what is going to happen when these G-7 bankers start to realize that Y2K will be far rougher for these economies than the US, given their relative lack of progress in remediating their systems?? Were you a central or investment banker, would you be all to keen to extend or rollover credit to customers that may go out of business in 2000 because they didn't fix their systems?? Gonna be very interesting in 1999. Regards, Ron

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