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

To: smolejv@gmx.net who wrote (26442)	12/22/2002 4:02:08 AM
From: S. maltophilia	Read Replies (2) \| Respond to of 74559

Either a continuation of the credit perpetual motion machine until the inevitable and violent accident, or a continual grinding devaluation of the dollar (and perhaps Euro- I don't have a handle on that) leading to a reduction of the gap between U.S. wages (and purchasing power) and Chinese/Indian wages. I see no scenario where the latter can rise enough to ease the pain for the former. A corollary of my bearishness on the USD is that U.S. stocks' downside may be limited (in $ terms). I recall seeing Mexican stocks relatively stable in Pesos during the 1995 devaluation. U.S. holders of TMX were hit with horrendous margin calls, while it was almost unchanged in Peso terms. Know of any charts of German exchanges in the early 1920's?