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Strategies & Market Trends : The New Millenium Portfolio -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (350)	2/15/2000 10:41:00 PM
From: Oblomov	Read Replies (1) \| Respond to of 540

Nahh... BK is a myth. -g- I can't bring myself to stock up on physical gold and rural land... do you have me confused with someone else? I think that the inflationary mindset needed to drive hard assets over the long term is simply missing. If anything, I think that we may be on the verge of a mildly deflationary recession. As I pointed out in a PM to heinz blaznik, the Fed appears to be tightening the money supply through both open market operations: stls.frb.org as well as by a reduction in reserves: stls.frb.org Here is where the printing is occurring: stls.frb.org I think that corporations are setting themselves up for some problems if we have a slowdown... especially debt-ridden ones like TWX. The consumer is similarly strapped. The Fed will probably print in the face of debt deflation, but it can only be effective for so long. Just look at how the money multiplier has declined over the past two years: stls.frb.org This is not to say that I don't speculate. I'm currently holding BRCM, HGSI, COMS, SUNW, EMC - but might dump COMS and BRCM within the next few days.