SI
SI
discoversearch

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 : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: Steve Lee who wrote (98790)9/24/2002 5:02:56 PM
From: All Mtn Ski  Respond to of 99280
 
Steve,

Yes, the whole world is being run by crooks, for the crooks.

Great call, you were right on, although I am not surprised that the EU members would do this.

The giant sucking sound? It's the EU and the US losing economic credibility, quickly following Japan into the abyss...

A-M-S



To: Steve Lee who wrote (98790)9/24/2002 8:34:06 PM
From: LTK007  Respond to of 99280
 
I have my last AH quote on MU as 12.30 vs a 12.95 close which curiously equals it's low tick within the first minute of open, it then was pumped to 13.31 and now AH it is 12.30. So twice in the same day it reached lows not seen since October,1998.Max



To: Steve Lee who wrote (98790)9/26/2002 10:24:39 PM
From: Zeev Hed  Read Replies (3) | Respond to of 99280
 
Steve, agreed, one of the reasons I have been saying that long term, the Euro will fade. Unless Europe "Federalizes", namely has a unified political union as well as a monetary union, it is not going to work. Sometimes, countries have to take drastic measures to lean against the wind to ameliorate economic conditions before they take their Austrian catastrophic mode of resolution. If these are not taken, such countries ma be faced with both internal social unrest, and that is too often taken as an excuse by various forces to instigate inter-nations unrest. Is Europe ready for "Federalization"?

THis state of affair is on element that in the short term will prevent massive decline of the dollar, the two biggest economies after the US (Japan and Germany) are both bigger basket cases than the US, thus despite the US horrendous balance of payment deficit, only a slow and very gradual decline of the dollar could be expected, and with many intermissions of run ups.

Zeev



To: Steve Lee who wrote (98790)9/27/2002 1:51:29 PM
From: Jim Willie CB  Respond to of 99280
 
and when Europeans violate federal spending "rules",
European bondholders will join Asians as gold investors
most major currencies are being debased now, soon all
e.g. yen, dollar, and soon euro
soon all three continents will simultaneously be pursuing inflationary policy in an urgent desperate attempt to reflate the world economy
I expect an overshoot, producing some badass inflation by 2004-05
of course "badass" is relative, with 5-7% regarded as high
the restraining force will be China and Asia, exporting deflation from the mfg sector

nothing like 12 straight months of zero (or negative) real rates on a 3-MO TBill to light a fire under GOLD

several precedents in the last 75 years
the trigger is multiple months of zero real rates
the Acceleration comes when equities or debts are monetized
already begun in Japan (BigBank Nikkei stocks)
soon to begin with US Federal Reserve (TrezDebt, S&P)

buying GOLD now is like buying DELL in 1994

/ jim