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.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (68088)	1/31/2001 9:23:52 AM
From: Zeev Hed	Read Replies (1) \| Respond to of 99985

Then we have too many of us in "agreement", not a good sign. Levy's forecast was quite specific about a 1930 like scenario. I may have misinterpreted the "since" in the sentence: “Overall, the present situation involves the most formidable financial dangers since the 1930s.” I agree that this time, unlike 1998, when the US was mobilized to save the world from a recession, we will not be able to do it. That mobilization caused our monthly balance of payments to go from an average of 1.5% of GDP to close to 4%, as that is not sustainable, without causing major weakening of the dollar, and consequently, loss of faith in the dollar and resulting major declines in our markets, and our economy. Zeev