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


To: AC Flyer who wrote (7503)8/21/2001 11:15:22 PM
From: tradermike_1999  Respond to of 74559
 

I do not have all the answers. It just seems to me that we have/are going to avoid the worst case outcome of the Nasdaq collapse, in contrast with 1929-1939. This is probably due to 1) the internet and the resulting rapid dissemination of accurate information, and 2) demographics.


I think the idea that the internet can prevent a depression is wishful thinking. This is a different age and a similar one. We have some of the same problems, but we don't have a big deflationary enivornment like there was in the 1920s. We have the government insurance programs that weren't there to stock the 1929 bank collapse. I don't see a real banking crisis on the horizon. But there are plenty of other problems - the big debts - that are similar to the 1920s and will make a recovery seem very distant from now.



To: AC Flyer who wrote (7503)8/21/2001 11:51:25 PM
From: TobagoJack  Respond to of 74559
 
Hi AC Flyer, I hope you are only being optimistic in attitude but conservative in allocation. No need at all to take any chances of being wrong.

I do not need to remind you that debt is toxic in an asset deflation brew, and concurrent with reduced business volume and personal income, even at a carrying cost of Japan's zerodotnaught rate, is fatal to NAV.

Chugs, Jay

Allocation references ...

Message 16216750

Message 16216838

Message 16217890

Message 16239222

Message 16243033



To: AC Flyer who wrote (7503)8/22/2001 5:18:09 AM
From: sun-tzu  Respond to of 74559
 
LOL! Market not reacting to your cogent analysis?

(~)^(~)



To: AC Flyer who wrote (7503)8/22/2001 5:57:34 AM
From: KyrosL  Read Replies (1) | Respond to of 74559
 
AC Flyer, thanks for your perspective. My targets for the averages are considerably lower than yours, but I certainly do not expect a thirties style depression.

Pax Americana and the Internet are great for world prosperity, but I think they will affect adversely the long term profitability of US companies.

Kyros