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

To: Maurice Winn who wrote (13753)	1/21/2002 9:36:02 AM
From: Mike M2	Respond to of 74559

M, an interesting read about the Great Depression from one of the leading Austrians economists gold-eagle.com mike

To: Maurice Winn who wrote (13753)	1/21/2002 12:30:05 PM
From: AC Flyer	Respond to of 74559

Mq: >>Don, and until those product prices do start rising, [or stop falling], and while there is still rampant economic doomsterism and poverty effect, I can't see Uncle Al getting too worried about inflationary pressures.<< I agree, Maurice. Greenspan is going to keep interest rates low and keep expanding the money supply as long as there is no sign of cpi price inflation. This is preventing a deflationary spiral in the US, imho. It's interesting to note, though, that the Fed alone can not prevent deflation. Businesses and consumers must be willing partners by borrowing the money that the Fed has created to fund investment and consumption. The world should get down on its collective knees and thank (insert preferred deity here) for America's propensity to consume. Simple primer on Fed open market operations: kc.frb.org 169 Questions and Answers on Money September 21, 1964 dewoody.net

To: Maurice Winn who wrote (13753)	1/21/2002 12:50:35 PM
From: LLCF	Respond to of 74559

<The dot.comic and telecosmic bubbles will have be absorbed into the overall economic situation and people will be back to 'normal'. > Of course this is the case, it's a matter of how long... and if equities [and what equities] are worth owning/ shorting. I'm betting that as a generalization [say S&P] equities are way overvalued... that the 'absorbtion', if you will, will take much longer that most expect. Given the demographic situation and the number of people holding equities assuming the opposite outcome, I further expect quite a fire sale when the absorbtion is finally complete. BWTFDIK.... that's what makes a market. DAK