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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end? -- Ignore unavailable to you. Want to Upgrade?

To: Cheeky Kid who wrote (2527)	1/12/2000 5:39:00 PM
From: re3	Read Replies (1) \| Respond to of 3543

good for him...has he checked yahoo today ?

To: Cheeky Kid who wrote (2527)	1/12/2000 6:04:00 PM
From: bobby beara	Read Replies (2) \| Respond to of 3543

>>>>Last year this guy predicted a 70% chance of a world wide recession: <<< ya, so what in 1929 irving fisher predicted a permanently high plateau. the bears are wrong until they're right and the bulls are right until their wrong. don't get so full of yourself like our buddy stuart and think you are on some crusade to defeat the y2k doomers and everybody else who doesn't buy this new paradigm crap. hubris and overconfidence are in big supply at the top.

To: Cheeky Kid who wrote (2527)	1/13/2000 12:09:00 AM
From: Hawkmoon	Read Replies (1) \| Respond to of 3543

I guess I "great minds" think alike... <VBG> I agree with Yardeni's reading on the market. Despite his apparent miscall on global Y2K impacts, he has a terrific record as an economist. Besides, I had friends working in Koskinen's Y2K command center on New Year's eve, and to tell you the truth, THEY WERE WORRIED about overseas impacts, especially given the complete lack of government action in nations located in the pacific rim. All of that money that sought shelter in the US assets last year now has little reason to remain here. The fact is that AG has to squeeze the Y2K excess from the markets NOW before he gets into the political season. Then we may actually see rate reductions. After all, these rate hikes are pre-emptive strikes against any potential inflation (as well as attempts to stifle the speculative fever in asset inflation). Cheeky, despite your belief that all was going to be hunky dory over Y2K, there were plenty of people with far more information (or better stated, an inability to get straight answers from other nations) VERY worried about overseas Y2K repercussions. Very few of the so-called experts could say with any certainty that there would be no substantial impacts overseas (like Russia?). Everyone essentially "whistled past the graveyard" in Asia hoping they would muddle through. And behold they did, which is a tribute to those engineers who built so much redundancy into our national infrastructure. So don't be too hard on Yardeni. He had valid reasons for believing what he did. No one in positions of power or authority were able to provide him any reason NOT to believe there would be disruptions. Regards, Ron