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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Softechie who wrote (13951)	11/6/2002 6:10:37 PM
From: SOROS	Read Replies (1) \| Respond to of 30712

Do you have an hour? :) My best guess would be a dollar crisis which prompts foreign investment to be pulled and sent to the Euro. If done on a large scale, it's goodnight. Of course there is always the war/terrorist thing not panning out "as planned". On a more spiritual level, I think we will see a natural disaster of epic proportions (probably a quake) that will take the wind "unexpectedly" from the sails. Man is always focusing on solutions to the perceived problems created by man. He is so self-centered. That is why we are in the mess we are right now. I believe the thing that will bring down the house of debt will be a natural disaster that is COMPLETELY out of man's control. They will KNOW that they are helpless. This is just my opinion, because even if it does not happen, the wallstreet machine that created this illusion for their gain will bring about their own destruction. I fear Greenspan "thinks he knows" exactly what he is doing. I think he is trying to survive for as long as possible now and is scared witless -- hence the 1/2 point. On the surface it looks like he blew it, but perhaps things are worse than we even imagine. Surely, however, he does not think he can keep disaster from happening for another 2 years. I think he is now running on fear for the first time in his career, and his actions can't be legitimately analyzed. No matter what he does now will be a mistake -- only varying degrees. This entire mountain of "prosperity" is built on debt and obfuscation. It cannot stand and rise like this forever, and if it is to have even a chance of ultimate survival, then there must be a period of at least equal pain for the gain in order to wash out the "bad" to make the way for more "good". We have not seen anything in the way of bad even close to equal the past rise of the last almost 20 years --- no matter how bad the Wallstreet pundits say it has been this last 2-3 years. I remain, SOROS