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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Scott Bergquist who wrote (1246)	12/5/2000 2:48:33 PM
From: vampire	Read Replies (1) \| Respond to of 74559

Perhaps tomorrow Greenspan will make an "irrational exuberance speech" ;-)

To: Scott Bergquist who wrote (1246)	12/5/2000 7:03:28 PM
From: Hawkmoon	Read Replies (2) \| Respond to of 74559

Hey Scott.. a few quick questions.. Why would the turmoil in Turkey negatively impact the US markets more that the European ones? Aren't the Europeans the ones who are on the hook for most of the outstanding loans there? Wouldn't that pressure the Euro vis a vis the Dollar? As for Korea, I would tend to believe that continued problems there and in other parts of Asia would tend to keep Asian money parked here in the US (except whatever they may require to maintain liquidity over there). Bottom line, imo, we can look at any particular period in history and identify economic "poster children" around the globe. Why should today be any different? PS: I agree that the Y2K liquidity infusion has created a economic hangover as the Fed as withdrawn it over the past year. But given the REAL uncertainties that financial institutions and politicians perceived, it was the right thing to do at the time.