Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Ilaine who wrote (15266)	2/20/2002 2:17:23 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 74559

Your post reminds me of the old Harry Truman story. You know the one? When he was sitting in the Oval Office, mulling the various conjectures of the economists in the Treasury Department, he got irritated, called the Secretary on the carpet and demanded that from that point forward, the Secretary only hire one-armed economists. "So that they can never, ever say to me again: 'but on the other hand'."

To: Ilaine who wrote (15266)	2/20/2002 11:52:15 PM
From: Maurice Winn	Respond to of 74559

Hong Kong's government bought assets in the great Asian Contagion and made a fortune! They bought at about 6000 and the Hang Seng subsequently went up to about 15000. Not bad. Japan and the USA back in 1995 [when I was going to do a giant currency swindle and buy MSFT at the solid low when the yen was 80 to the dollar] warned everyone that this was not going to carry on. They then carved up anyone who thought they could push those currencies around. I missed the boat because I couldn't find a lender of yen to swap to dollars before they made the big move. The same now. Japan is going to smash hordes of people predicting Japan's demise and betting against them. The USA Federal Reserve will be in cahoots. Good luck to those gamblers. They'll need it! <The Bank of Japan could stop the interest rate and price decline by purchasing foreign exchange, corporate bonds, or other assets. Such purchases would increase money growth, end deflation, and promote recovery. Monetary policy works by changing relative prices. There are many, many such prices. Some economists erroneously believe there is a liquidity trap because they think monetary policy works only by changing a single short-term interest rate. If the Bank of Japan follows through on its recent commitment to increase money growth, this way of thinking will be falsified, as it was during the Great Depression and on many other occasions. > Mq