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

To: EL KABONG!!! who wrote (22948)8/21/2002 10:07:37 PM
From: Maurice Winn  Respond to of 74559
 
Kerry, I have dreaded for 4 years the possibility of a deflationary implosion when the inevitable crunch came for the irrationally exuberant. A slow and careful slicing and dicing is far preferable because it gives everyone time to adjust, without collapsing the whole world's economic activity.

As expected, Uncle Al did what I hoped and went crazy cutting interest rates and printing money to slow the crunch to a manageable rate.

A sudden crunch to the bottom would have meant vast unemployment, a much deeper bottom and much misery.

Things are going swimmingly! Easy does it - that's the name of the game. Wild shoot-outs are good for movies, but not real life.

Mqurice



To: EL KABONG!!! who wrote (22948)8/22/2002 6:32:34 AM
From: Snowshoe  Respond to of 74559
 
So what would you (or anyone else) prefer at this point, a sharp sell-off (say 50% down on the Dow, NASDAQ, S&P, NYSE) or the death of a thousand slashes (say a similar sell-off of maybe only 40% spread out over, say 5 years)?

Faster than in Japan, but not as fast as Argentina.


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