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

To: LLCF who wrote (11371)	11/26/2001 10:56:01 AM
From: smolejv@gmx.net	Respond to of 74559

The problem was never too much or too little money (per se). The problem was malinvestment, political/politicized interventionism/meddling in the market, crime... I dont know whence this thought, it just stayed around after reading through mountains of opinions,reports ... dj

To: LLCF who wrote (11371)	11/27/2001 3:26:39 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Dak, it is ridiculous for me to blame Uncle Al for me investing in Globalstar and losing my money. Whatever he did with interest rates was almost irrelevant. I borrowed money to invest and it was me that got it wrong, not him. That's the same with all the dot.gones and telecosmic failures. Pathetic Bubbleonians blaming Uncle Al for their own failures is Talebanic [they blame the USA for their concerns]. <Just think how great things could have been if all the money that was .bomb and telecombubble' deals as well as other mal-invested funds would have been put to work over a much longer period of time... the deals would have made much more sense and gone, no doubt, into deals in areas described in the "manifesto" of geometric growth he is waving around. Instead, the artificially low rates and massive credit involved in the mal-investment may actually delay such investment for no one knows how long... > You are right that if all the mal-invested money had been invested in something that would work, it would have been a lot better. But that's the nature of life in the fast lane. Some of us spin out and end up as road kill. Whining about the people who produce the tape measures when a building collapses due to faulty design or construction is nuts. Whining about the people who produce the currency when the dot.bombs crash and the Telecosmic hysteria ends in tears is infantile. Certainly, he can influence the stability of the currency and that's his job - moving interest rates and supply of credit around to maintain some semblance of constant value, which is obviously impossible other than in approximation. Uncle Al's doing a great job and has done for 3 decades and two centuries now. Thanks Al! Mqurice