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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Don Pueblo who wrote (71126)	5/8/2001 11:14:25 PM
From: chris431	Read Replies (1) \| Respond to of 122087

Summing up our current pyramid...last half of this post. PROFESSOR ANDREI KOBYAKOFF - University Lecturer; Editor, Expert Magazine. Economic crashes usually occur inward from the periphery as globalization progresses. This crash will be worse because it originates in the economic center, the US. The only previous economic situation similar to the current picture is that of 1929. The overcapitalization of the US market is unprecedented, now at about twice Gross Domestic Product (GDP). This is a reference to the Price to Earnings ratio so often discussed by Catherine Austin Fitts and known on Wall Street as "The Pop." NASDAQ is even gloomier. With the capitalization of February 2001 it will take 250 years for the NASDAQ Index to reach profitability. With accumulated debt approaching $30 trillion US markets have a huge potential for further collapse. The only reason that there has been no inflation is because credit is being pumped up artificially. Kobyakoff likened this paradigm to a pyramid scheme stating, "It all depends upon the inflow of liquidity and the continued greed of the participants." To illustrate how devastating the coming crash would be to average Americans Kobyakoff pointed out that in 1975 only 15% of all stock ownership in the US was by households. By 2000 American households owned 75% of all stock shares in circulation. "If this is going to be a soft landing," he said, "I will eat my parachute!" Source (of which I may not totally agree with but found the exert above fairly representative of whats going on): copvcia.com