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To: patron_anejo_por_favor who wrote (11309)8/15/2000 7:38:32 PM
From: UnBelievable  Read Replies (2) | Respond to of 436258
 
Yep - Al Is Already Between a Rock and a Hard Place.

Soon, said rock and hard place will begin getting closer to each other. The popping you will hear will be Al's balls, not champagne.



To: patron_anejo_por_favor who wrote (11309)8/15/2000 7:53:07 PM
From: pater tenebrarum  Read Replies (1) | Respond to of 436258
 
how true...the fiat dollar pyramid is one of the weak links in this game...

in the meantime, here's more on the extreme positions in the spoos and the historical context (i.e. how these positions have developed over the bubble years):

csf.colorado.edu

a.k.a. bear food...



To: patron_anejo_por_favor who wrote (11309)8/16/2000 12:24:19 AM
From: LLCF  Respond to of 436258
 
"The problem is that the stability of both the
dollar and the financial system over the last years has become
singularly fated on the persistence of huge credit and capital
inflows that have to finance not only the gargantuan
current-account deficit, running now at an annual rate of more
than $400 billion, but also very substantial capital outflows on the
part of U.S. corporations and investors."

No, this is wrong, the U.S. economy doesn't depend on anyone. The current account deficit is meaningless and nothing to worry about. If the dollar goes down, it'll [curr acct. deficit] simply disappear and reverse itself and if investors want to sell they just sell the specialist or some other buyer. There is nothing buy blue sky ahead, and leveraged longs will probably outperform...

Ahhh, vacation is great.

DAK