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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (3140)	1/11/2001 1:07:02 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Ron, there have been a number of thoughtful people that don't see the total wisdom of completely paying down the US national Debt. In fact, I have an article from the Harvard Business review from 1994 that talks about how US govt budget deficits help to fuel Monetary and thus Economic growth and the Blue Chip Economists who wrote the article, go on to say that a total paydown of the US Govt Debt would be an extraordinarily Deflationary* Event.* I've found with Global Flows of Funds, one can construct many different scenarios and to a degree the Global Credit System Hangs together, in part, on a continuing belief in the system .......if it's not there we are truly staring downward into the abyss Adam Smith (aka George Goodman) has articulated some of these concepts in his very excellent books The Money Game, Super Money, The Roaring 80's etc. some commentary on the Money Game for those not certain if they should spend the $8 bucks for it on AMZN ---------- THE WAY THE FINANCIAL MARKETS REALLY WORK, WITH HUMOR, February 9, 1999 Reviewer: Donald Mitchell (donmitch@2000percentsolution.com) from a business book author who helps companies improve their stock prices, living in the Boston area This was the first book that I ever read about he financial markets, and I was immediately hooked. Psychology clearly rules the day, and Adam Smith's examples are remarkably funny. The excesses he identified in the 1960s seemed to have returned in only slightly updated form in the late 1990s. If you did not see the last big market top, you owe it to yourself to read this book. If you are an entrepreneur, you will love the part about being a public company. He says that this is like being your own country, because you can print your own money whenever you need more (by selling your stock to the public). And you know, he's right. All the Internet entrepreneurs seem to understand that point. CAVEAT EMPTOR. If you like this book as much as I did, perhaps it will help you identify a stimulating and rewarding career as it did for me. Was this review helpful to you? All Customer Reviews Avg. Customer Rating: Write an online review and share your thoughts with other shoppers! A Classic, December 3, 2000 Reviewer: Norman G Fosback from Boca Raton, FL United States I've read hundreds of investing books; skimmed hundreds more; even written one myself. But dare it be said: This beautifully written work may well be the best book on the subject ever written. Not because it covers everything, or promises to make you rich. But because it offers timeless insights into how players, amateur and professional, really do play the game, and thereby gives you rich food for thought on how, or whether, you should play. Sure, you won't find anything on program trading, IRAs, 401k's, the great fund boom, or dot com stocks. However, that just goes to show that you needn't read today's papers to truly learn today's market. A bestseller in its day, there is still something for everyone here. Simply put, The Money Game is a classic, the first book on investing you should read. Was this review helpful to you? 2 of 3 people found the following review helpful: A book whose content time has come again, August 19, 1998 Reviewer: A reader from United States The book was written to summarize the experience of the 1960's. It is a very clear description of the pychological factors influencing the stock market. At a time when the market is again poised to soar, it is prudent to review the good and the bad of the last time around.