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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (5316)6/10/2000 3:58:00 PM
From: smolejv@gmx.net  Read Replies (2) | Respond to of 5676
 
>>for example of monetary restraint look at the Swiss money supply data<<

too far fetched to be of any practical consequence. Frstentum Liechtenstein would be an even better example of monetary restraint - they just piggyback the Swiss g -.

Re poor getting poorer and rich getting richer: AIDS infection rate 30% in Africa. TBC, malaria. I think a sizeable portion of mankind is not just getting poorer. They're dying like flies.

dj



To: pater tenebrarum who wrote (5316)6/12/2000 5:06:00 AM
From: Arik T.G.  Read Replies (2) | Respond to of 5676
 
Heinz,
>>the most pertinent fact to emerge from this recent global tightening cycle is that the pyramid of leverage upon leverage has grown so large that it is barely able to function as soon as liquidity falters a bit. it's like a junkie who's been denied his heroin. credit spreads blowing out everywhere, and as soon as a window of opportunity presents itself, corporations rush to place deals, so they can leverage their balance sheets even more and buy back their incredibly bloated stocks.

Corporate America is as unprepared for a recession as it could ever be. That's one reason why nothing and no one could stop the snowball when it starts rolling. And the critical mass needed is getting smaller all the time.

ATG