Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (85770)	11/22/2000 7:57:35 AM
From: re3	Read Replies (1) \| Respond to of 132070

Mike is there anything to the following argument (shrouded in the finest humour on si next to yours<g>) that yahoo might be one of the very few internet stocks worth owning ? Message 14861647

To: Knighty Tin who wrote (85770)	11/22/2000 9:14:15 AM
From: Freedom Fighter	Read Replies (2) \| Respond to of 132070

Mike, I think the probabilities of a recession are starting to rise. There's a lot of wealth getting wiped away around the world these days. Worse, the central banks aren't in as good a position as far as flooding the the system with liquidity goes. The trade picture appears woefully out of balance and oil is still at around $35. In general, my libertarian tendencies are hoping that the wipeout that may be in progress gets interpreted correctly. IMO, at its core, free markets and animal instincts had only a little to do with it. The fault lies in the huge weaknesses in our monetary system, unchecked credit expansion, bailouts, and other "socialist" ideas that prevented the corrections early on and added fuel to the game later. I hope it gets interpreted that way. I'd hate to see another political attack on free markets and a strengthening of the institutions that contributed to the damage to begin with. What we need is sound money. Not necessarily gold - because that has lots of flaws too - but we definitely don't need central banks flooding the system unchecked. Wayne