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To: long-gone who wrote (61649)12/3/2000 6:46:02 PM
From: lorne  Respond to of 116762
 
Understanding Gold Part VII: How Do We Profit From Gold?
Posted: 2000/12/3 05:28 AM EST
" It is impossible to predict the future, or to know how this farce will unfold. The size of the derivatives markets in relation to their underlying assets should scare any thinking person into a state of paralysis. Derivatives have already caused serious damage - Barings, Orange County, Long Term Capital Management, Princeton Economics, to name but a few. More bankruptcies could follow and counter-party risk could become a major concern to all financial institutions."
Full story >>>
mips1.net



To: long-gone who wrote (61649)12/4/2000 9:11:28 AM
From: Tom M  Read Replies (1) | Respond to of 116762
 
long-gone, interesting that the crash lasted a whole administration. Almost looks as it was engineered to make some party look particularly good or bad, depending on their point of view <g>.


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