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To: isopatch who wrote (88477)3/9/2001 10:15:35 PM
From: whitepine  Read Replies (1) | Respond to of 95453
 
Re: anticipation...I don't think the outline is clear. Perhaps there are too many factors, forces, tensions and variables in the international sphere for any one person or institution to control. Still, it does seem clear major players will have a bias toward preserving market valuations and adequate energy supplies. Why? Major revaluations of equity markets must be raising hell with pension funds, distributions, and payments to retirees. Additional market declines have the potential to unravel in unpleasant ways that I cannot begin to fathom. Second, stabilization of the macro economic forces is impossible without stabilization or reduction in energy prices. If players cannot affect this goal, stagflation and/depression are almost certain. Speculative ideas, but I have not heard discussion by/about impact of declining equity prices and the impact on stability of pension distributions.