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To: Haim R. Branisteanu who wrote (3678)7/13/2000 5:16:26 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
Haim. logic consistently fails to intrude on this market. in fact, as a foreign holder of US currency, one has to ask what that says about the value of the dollar...i mean, if a stock can rise by 30% in one day because the loss per share has been slightly smaller than expected, what does that tell you about the value of the money this stock is exchanged for?
the stock market has become the true measure of monetary inflation - as in every other credit-led capital investment/disinflationary boom.
if you buy ARBA at 130, what you're really doing is you are shorting the dollar...



To: Haim R. Branisteanu who wrote (3678)7/13/2000 5:19:35 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
crude oil is going back up...closed at 31,47 today.

don't worry...that's certain to exert downward pressure on turnip prices...

"We are tired of lying to everyone so we have decided NOT to report on PPI and CPI until further notice. We will keep the inflation number at last months reported levels. Therefore, there is still no inflation. Have a nice day."

(from kitco)


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