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

To: Maurice Winn who wrote (13926)	1/25/2002 3:06:41 PM
From: Ilaine	Read Replies (2) \| Respond to of 74559

Well, maybe you're right. I keep feeling very stupid because it seems to me that it's a zero sum game - but then I read about all the wealth that is destroyed when stock markets crash, and people being ruined and jumping out of windows or shooting themselves, and I can't imagine someone jumping out of a window or shooting himself unless something very bad happened. Not being able to meet a margin call and having everything sold is unpleasant, of course - but do people wind up owing money to their brokers? I really don't know.

To: Maurice Winn who wrote (13926)	1/25/2002 7:17:26 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Maurice, this is your best yet, especially the last 3 but forward-looking paragraphs. Your script now reads very much like mine, except my characters use coconuts and paper coconuts instead of H:0) Message 15378361 Here in my Coconut Island, the inhabitants had eventually figured out a role for gold and platinum in their monetary system. Do you see a role for the Aztec relics, New Age Catalyst and ocean frontage land in your very well described and optimistic scheme of Hobbit Values? Elmat posted an update on the gold situation in the world’s second largest economy … Message 16962197 <<According to John Reade, precious metals analyst at UBS Warburg in London: "This is potentially the biggest gold demand story of the decade." … high propensity to save ... reputation for caution. … over 50 years old. Many are retired and fear their lifetime savings will be wiped out if there is a financial crisis … estimates that this month's sales at its 130 affiliated retailers in provincial cities will be five times their January 2001 levels.>> … when taken together with my earlier dialogue with you on the matter … Message 16898478 … do you perhaps see the need to possibly hedge a bit and maybe heed the ancients and the Japanese, in order to conceivably better navigate the script that appears to be overtaking the world, held back by only probably one man? No, or not yet?! Well, I was just and only wondering what the rip in the fabric of logic might be given you have so finely described the workings of Hobbitland that in so many ways resemble my Coconut Island where gold eventually had a monetary role;0) Chugs, Jay

To: Maurice Winn who wrote (13926)	1/29/2002 12:42:28 PM
From: Stock Farmer	Read Replies (1) \| Respond to of 74559

Mq - great post. Of course the conclusion that the newly not pro-forma very rich Hobbits are not poorer is quite true in aggregate. Looking closer however, in the process of seeking riches, each of those newly-not-very-rich Hobbits transferred hobbits from their bank accounts to the bank accounts of other Hobbits. So in addition to the perceived evaporation of a market-cap that wasn't there in the first place, there is this very real evaporation of spending power that was there in the first place. Not to mention the opportunity cost. At least that's how the residents of Bag End might see things :o)