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

To: EL KABONG!!! who wrote (19411)	6/2/2002 6:52:30 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi KJC, <<... inextricably intertwined ... many will suffer ... many will fail ... financial tsunami ... standard of living ... will change dramatically ... bifurcated between the haves and the have-nots ... normal for the past 2000 ... cannot continue forever>> You are scary. I am sure someone will soon accuse you of being a communist, and another one will accuse you of sympathizing with anarchists, while others will think you live in California:0) I am, like you, simply waiting, trying to be patient, as I have been since around this time ... Message 12242189 Message 12355669 Message 12402354 Message 12404275 ... which my bullish heart really misses. My point being, of course, that I am neither a perma-bear nor a perpetual-bull, but simply a Trini bandit visiting the big cities, amazed by all that I see and can safely take. Financial bubbles do not scare me. They excite me, because folks who participate can get rich by them, and participation is voluntary. Retributive revolutions and recently-poorer democratic screaming crowds roaming the halls of power, OTOH, terrify me. Folks, participating or not, will get poorer by them, via restrictive laws, burdensome regulations, higher taxes, increased cost of some things, and decreased value of other things. The claims on gold, certain types of resources and some kinds of real estate are the very few avenues by which we can opt-out of participation. J6P actually got it partially correct, by buying real estate. What they got wrong is that the real estate they are buying mostly earns paltry or no yield, and homes are used to finance SUVs. Their actions guarantee a bad situation during the inevitable correction of prices and active income. They have made their craft less seaworthy, paraphrasing a recent Apogee Report. Chugs, Jay