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To: Rarebird who wrote (58331)9/19/2000 7:09:33 AM
From: d:oug  Respond to of 116762
 
... and spending binge... Credit excesses have many parallels
in history, but those in the U.S. are of such extreme magnitude
that they suggest a form of collective, manic euphoria."

A popular sensation, in other words.

Your European correspondent,

Bill Bonner

PS: Another wobbly feature of the U.S. economic miracle
is the logic behind it. Europe is portrayed in the media
and the popular imagination as having much more rigid
and expensive labor. That is the reason commonly given
for the failure of Europe to benefit from the greater productivity
of the Internet age. And yet, the only real attraction
of information technology is that it reduces labor costs.
Europe, with its higher per-unit labor costs, should be
benefiting more from the new technology than America.

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To: Rarebird who wrote (58331)9/19/2000 10:37:57 AM
From: marek_wojna  Respond to of 116762
 
Rarebird, I have no idea about China.
I was always fascinated with gold. So much of the human history, hopes, disappointments, wars, peace treaties, you name it. It is so unpredictable. On one side every ounce of gold ever mined is accountable, on the other the best technology will not let you know what is going on.
First year when I decided to invest I went down the ditch because of gold.<Cartaway Res.,ASE>.Thanks to Monika L. I made double and again last year. This year I was really lucky with the TVX. I just came back from the holidays on Vancouver Island and I grabbed at 2.23 cdn. Sold 2 weeks later. I'm thinking about going long into K,BGO.I know for the fact oil prices are here to stay for a long time. Is this will be enough for the shock therapy of US$ hard to say.
Ps: US$ will remain strong against other currencies, or maybe even stronger, but my feeling is it will loose to gold

I just read your comments re: nazi movement.bohemia was only place of birth of A.Hitler. Left wing of the party with Ernest Roehm was disposed in the Blood Purge, June 30 1934