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

To: TobagoJack who wrote (22902)	8/20/2002 8:28:04 AM
From: Maurice Winn	Respond to of 74559

Hello Jay. Oil is subject to a lot of demand and supply fun. I suppose there's some stockpiling going on, which pushed the price up. Also, the fact that prices are high means there isn't much of a recession, let alone a depression. When things get tough, the SUVs will be parked, the airliners stored, heating turned down, or off, ships moored and steel mills stilled. Then oil demand will be low and prices will drop. But I am not betting that will happen. Even if things just stay steady, competitive pressures will erode oil market share at anything over US$20 per barrel, which will cause downward pressure on price. US$15 is more like a longer term stable price. Actually, I think US$10 is more like it. Mqurice

To: TobagoJack who wrote (22902)	8/20/2002 7:38:34 PM
From: Maurice Winn	Read Replies (3) \| Respond to of 74559

Jay, it's sad to see the medieval head-hacking Moslem world reinventing the Aztec wheel in the 21st century with their Gold Moslem Dinar. Gold as money was abandoned by the civilized world last century, for good reason. Like horseshoes, gold isn't coming back, other than for a bit of dressage and a few niche markets like Trooping the Colour. Maybe the Moslems could stone to death, using Gold Stones, women who have babies in a manner unapproved by the Mad Moslem Mullahs. That would bring them out of the stone age and into a new Golden Age of Moslem culture. <...The mechanism can be refined further, for example, whereby the credit or debit outstanding at the end of each quarter can be carried forward and final settlement is made only at the end of the year, thus further reducing payment flows. It is timely for Islamic countries that have spent the last two decades establishing domestic Islamic financial systems to move on to the next stage, which is the establishment of an international one, he said. The gold dinar, being a neutral currency, is also an ideal instrument to facilitate trade among Islamic countries, he added. The two-day conference is organised by the International Islamic University of Malaysia. > What does "neutral currency" mean? I guess they mean it isn't contaminated with "In God We Trust" written right there on the notes by the Great Satan and that that God is NOT Allah and Uncle Al is the prophet and taking the profit, peace be upon him. The new Moslem head-hacker currency will have "In Gold We Trust" and Mahathir Mohamad is the prophet and will get the profits, pieces of eight be upon him. Some people think the new Aztec Head-Hacking Golden Dinar will take over the world. Meanwhile, phragmented photons are already percolating around them, silently and ethereally, zipping pixels through cyberspace and the poor old Aztecs like Mahathir are barely aware of them. 3gnewsroom.com They can hold up their gold dinar and chant incantations in a weird re-enactment of ancient mysticism, but like Cochise and Hone Heke giving war-cries against the invading British, they are from another time and another place and the world has passed them by and is springing up among them. Mqurice