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

To: Mephisto who wrote (48292)	8/24/2000 10:33:06 AM
From: Mike M2	Read Replies (1) \| Respond to of 94695

Mephisto, yes it can be overwhelming at first especially when the Austrian school of economics receives so little attention perhaps due to the fact that it does not support big government. Nonetheless, I believe the Austrian school has the best explanation of the cause of the boom/ bust cycle- it is the excesses engendered during the credit induced boom that leads to the inevitable bust. I have been a subscriber to Dr. R for several years and i am most impressed with his insight even though his analysis made me turn bearish prematurely. In his sept 96 and March 97 he explained in great detail why the economic miracle economies of SE Asia were actually bubble econimes that were bound to burst. Recall the SEA collapse started with thailand's devaluation of the bhat in july 97. AG was able to save the world with his reckless credit expansion but has Asia recovered or have we simply bought time? Some more Dr. R investmentrarities.com Mike