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To: pater tenebrarum who wrote (37609)6/2/2000 11:29:00 PM
From: BGR  Read Replies (2) | Respond to of 42523
 
Why exactly should people try to flee paper assets during a deflation beats me completely, as by definition the purchasing power of paper money goes up during such a time! In fact, the dollar price of gold (another currency) should go down as the paper currency strengthens, just as other foreign currencies.

Don't ignore Big Macs, BTW. The Economist Big Mac index is a far superior measure of purchasing power parity (in this case I used it in a local context) than many other sources of the same measure.

How do you think Japanese holders of gold have done over the past decade?



To: pater tenebrarum who wrote (37609)6/4/2000 4:18:00 PM
From: Lucretius  Read Replies (3) | Respond to of 42523
 
look at the breaks in these drillers. they look like they want to crash. you also had large breaks in the major oils too...

207.61.23.98

207.61.23.98

207.61.23.98

207.61.23.98

207.61.23.98

then look at what else jumped on friday:

207.61.23.98

obviously, they think the economy has begun to slow. but is a slowdown good for tech and w/ a falling dollar does that mean the Fed won't have to raise rates again????

i don't think so....

ECB may light a fire under the euro on thursday when they raise rates.