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


To: LLCF who wrote (13786)1/22/2002 7:55:26 PM
From: TobagoJack  Read Replies (1) | Respond to of 74559
 
Hi DAK, Precisely. Gold and beautiful land, like in the ancient age. I do not see any other way. Amazing in our tech new ec age drama, the options are so few. Maurice will come around, probably very soon too. He thinks his Kiwi dollars are a hedge. Once he realizes he is wrong, he will switch into Aztec currency in a hurry, since beautiful land is cheap and plentiful in New Zealand. Chugs, Jay



To: LLCF who wrote (13786)1/22/2002 8:42:03 PM
From: Maurice Winn  Read Replies (1) | Respond to of 74559
 
Yes, but it does get things going! Anyway, it's not artificially low. The Fed is the defining body so whatever they decide is in fact the natural level. Like tides, it doesn't stay constant. People have to learn to swim at the right time and keep their boat in deep water and children in shallow.

There is no such thing as a 'natural level' for the $. It's an artifice created by a political entity for the purposes of trade. It has no natural characteristic at all. So, when the Fed does something, that's not artificial, it's natural.

Mqurice