SI
SI
discoversearch

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.
Strategies & Market Trends : Waiting for the big Kahuna

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: yard_man who wrote (34109)11/22/1998 12:56:00 AM
From: Skeet Shipman  Read Replies (3) of 94695
 
tippet,
I don't want to dissuade you. The time to buy is when things look the worst. However, Philip Verleger, a US energy economist said the continuing crude surplus could even push oil prices as low as $5 a barrel was reported in the Financial Times Nov. 18. Such a move would cause a currency disaster in South America and elsewhere.

The more I analysis the mechanisms causing this global financial crisis, the stronger I feel statements in Greenspan's last speech were wrong. Briefly tonight, the key mechanisms spreading global financial crisis and possible recession in a deflating global economy are:
1. The predominant use of the US dollar in contractual international trade,
2. The pegging of currencies to the US dollar,
3. The inordinate interest rate differentials among the industrial nations.

Skeet
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext