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To: Mike M2 who wrote (218684)	2/4/2003 3:18:23 PM
From: Haim R. Branisteanu	Respond to of 436258

Thanks I read it, and would like to add that the writer omits several points. 1. Interest rates are several times lower then in 1991 2. Inflation is about 1/2 from that of 1991 3. speed of money is substantially higher 4. the media was thinking of a very difficult war (not the professionals ..... military) 5. I do not remember that the US had at the time a trade surplus as the writes states I only agree that we may rally 15% or so and then go back to relative normal situation. As to the USD we may drop 5% after a reflex rally Europe was in much better shape then from what it is now