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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (46342)	4/14/2000 8:56:00 PM
From: pater tenebrarum	Respond to of 99985

George, i fully agree that the US's position at the top of the compost heap is playing a big role in all this. before saying anything further, let me add that i am very glad that it is the US that's sitting there and not the former Soviet Union or China. but you are correct that a certain element of arrogance has entered into the proceedings. i have always wondered how e.g. Summers could keep berating, and indeed insulting, Japan while the US bubble was firmly on its way to its meeting with destiny. of course a raging bull market creates a typical bull market social and cultural climate, that in the final stages tends to border on decadence. there is resentment out there, but i think it is mostly for the wrong reasons. the one thing foreigners should really be worried about is the role of the dollar as THE reserve currency, in the face of the Fed's propensity to print inordinate amounts of same. of course the fact that the US guarantees the West's pre-eminence due to its military superiority is something we all should be thankful for. that this is a status that gets abused on occasion comes with the territory so to speak. but one thing is for certain, the moral fibre of the nation has been in decline for some time. mind you, i'm not of the puritanical persuasion, rather i consider myself very tolerant of others and their foibles. but the current US administration and its auxiliary-verb-definition-seeker-in-chief is an indication that not everything is as it should be. but enough stone throwing...i'm sitting in the glass house by the name of Austria....<g> regards, hb