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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Mephisto who wrote (48248)	8/18/2000 4:06:10 PM
From: Mike M2	Read Replies (2) \| Respond to of 94695

Meph, A Ponzi scheme is where old investors are paid off with money from new investors. The analogy to todays market is old investors and insiders are selling their shares to newcomers- baby brats and corporate share repurchases. A country cannot run a trade and current account deficit indefinity at some point the dollar must decline and interest rates rise due to the inadequate savings in the US. IMO AG is a major part of the problem not the solution due to his reckless easy money policies. I will post a relevant link explaining this position. Mike